Who is eligible

• Qualified & registered  medical practitioners   
• Para Medical Persons 

Purpose

Scheme 1 :  Purchase of medical equipment , tools, gadgets & medical                     vehicles Including Ambulance vans
                    
Scheme  2 :  Purchase of  premises for setting up clinic /polyclinic/ Pvt                      Nursing Homes / Hospitals          
                    
Scheme 3 :   Furniture & fixtures / Air conditioners /Computers & Other                      office equipment
                    
Scheme 4 :   Cars / Two wheelers 

Scheme 5:    Combination of any of the above 

Security

Main          :    Equitable / Registered Mortgage in case of Property and                         Hypothecation of  Medical Equipment 
  
Guarantors :    Minimum 2 persons acceptable to the Bank.

Margin

• Scheme   1  :    20%  of the cost      
• Scheme   2  :    20 % of the cost
• Scheme   3  :    20 % to 25% of the cost
• Scheme   4  :    10 % for Personal Vehicles
• Scheme   5  :    Depending on the Package Chosen           

Repayment Period 

• 60 EMI’s in case of equipments 
• 84  For Property loan

Rate of Interest    

• 13.5% on reducing balance method making it an effective interest rate.

Special Features 

• Wife /husband/parents/Brother/ sister can be co applicants income of the co applicant will be considered for assessing repayment capacity
  
  
• No processing fees
  
  
• Interest calculated on daily reducing balance
  
  
• No prepayment/commitment  charge levied unless the Liability is taken over by another financial institution  

Quick Links - Loan

Retail

  Vastu Purti
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  AutoAccess
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Deposits

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Current Acc

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