Apply Star Doctor Plus Loan | Healthcare Professionals

To meet the financial requirements of medical/ healthcare professionals

For acquiring premises on ownership basis or purchase of plot & construction thereof, for the purchase of establishing/ running clinics, nursing homes, pathological labs, hospitals subject to compliance with license/ registration requirements under laws of State / Central Govt. as the case may be OR
For setting up/ running clinics, nursing homes, pathological labs, hospitals on rented premises subject to compliance with license/ registration requirements under laws of State / Central Govt. as the case may be. Lease period should not be less than term loan repayment period.
Expansion/ renovation/ modernization of existing premises/ Clinic/ Nursing Home, Pathological lab, Hospital.
For purchase of furniture & fixture, furnishing, renovation of existing clinics, nursing homes, pathological labs, hospitals.
For purchase of medical equipment for Clinics/Hospitals/ scanning centres/ pathological laboratories/ diagnostic centres, professional tools, computers, UPS, software, books.
For purchase of Ambulance/ Utility Vehicles.
Working Capital requirement for meeting recurring expenses, stock of medicines / consumables etc.

Nature of Facility & Repayment

Fund based & Non-Fund based.

For Business Premises: Term Loan

Maximum period of 10 years excluding moratorium period.
Maximum moratorium 18 months for purposes where construction in involved. The moratorium can be extended upto 24 months in need based cases, where construction of building is also proposed along with purchase of plot, subject to ensuring viability of the project.

For Equipment Purchase: Term Loan

Repayable in 5-10 years including moratorium period of maximum 12 months depending upon the cash accrual of the unit and life of the equipment.
Equipment financing by Import of machinery through LC permitted. LC limit can be allowed as a sub-limit of Term Loan within overall limits.

Vehicle Loan: Term loan repayable in 8 years with moratorium of maximum 2 months for ambulance, vans and other utility vehicles.

Maximum moratorium 6 months for purposes other than the above.

FOR MORE INFORMATION

Please send ‘SME’ to 7669021290

Just give a missed call on 8010968334

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Individuals & Firms / Companies / Trusts / LLP/ Society engaged in providing medical pathological / diagnostic services where minimum 51% of shareholding / stake is held by qualified doctors.

Proponent should be professionally qualified in the age group of 25 to 70 years with minimum qualification of a degree from a recognized statutory body such as:

MBBS (Bachelor of Medicines and Bachelor of Surgery)
B.H.M.S (Bachelor of Homeopathic medicine and Surgery)
BDS (Bachelor of Dental Surgery)
BAMS (Bachelor of Ayurvedic medicines and Surgery)
BUMS (Bachelor of Unani medicines and surgery)
BPT (Bachelor of Physiotherapy)
BOT (Bachelor of Occupational Therapy)

FOR MORE INFORMATION

Please send ‘SME’ to 7669021290

Just give a missed call on 8010968334

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Primary

Hypothecation of assets acquired out of Bank Finance
Equitable Mortgage of property in case of construction/acquisition/ renovation.

Collateral

For loans up to Rs.5.00 Cr , minimum 20% collateral security OR FACR greater than 1.15.
For loans above Rs.5.00 Cr, minimum 10% collateral security OR FACR greater than 1.15.