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Features and Benefits

To construct / purchase Hospital Building, Hospital Building cum Residence, setting up Nursing Home, Poly Clinics etc., for expansion / Modernization of existing Hospital Premises. To purchase Medical Equipments, X-Ray Units, Scanners, Computers etc., to Purchase Ambulance and other Vehicles necessary for the Hospital.

TL / DL / Overdraft (WC)

• Maximum of Rs.400.00 lac
• Rural - up to maximum of Rs.100.00 lac (Out of which Working Capital Limit restricted up to Rs.10.00 lac)
• Semi-Urban – up to maximum of Rs.200.00 lac (Out of which Working Capital Limit restricted up to Rs.20.00 lac)
• Urban / Metropolitan - up to maximum of Rs.400.00 lac (Out of which Working Capital Limit restricted up to Rs.50.00 lac)

Eligibility and Terms

Individuals (Qualified Registered Medical Practitioner) / Partnership Firm / Limited Company / Trust.

In case of Partnership Firm / Limited Company / Trust, either one of the Partners / Directors / Trustees should be qualified registered Medical Practitioner or they should engage the services of Registered Medical Practitioners in the Hospital

Margin :Nil

Repayment :

• WCTL / WCDL / TL / DL - 7 Years excluding maximum
• Moratorium Period of 12 months based on the project.
• WC Limits: To be renewed once in every Year.

Security :

Primary :Hypothecation over the assets created.

CollateralLoans up to Rs.15 lac: - No collateral

Loans above Rs.15 lacsMinimum 50% and for deserving cases the respective Sanctioning Authority may relax the minimum coverage of Collateral Security upto 25%.

Interest and Fees

Interest :

• For MSE advances, Click here to know about RLLR based interest rates.
• For Other Advances, Click here to know about MCLR based interest rates.

Fees & Charges

• For Term Loan / Demand Loan - 1.00% of the Loan amount Plus taxes as applicable.
• For Overdraft - 0.50% of the Limit sanctioned.