- For Purchase of sophisticated equipment like brand-new electro
medical, diagnostic, X-ray Machines, MRI etc. including operation
theatre, air conditioners, generators, Ambulance for Clinic/Hospital etc
& also Equipment for Scanning centers/Polyclinic/ Laboratories etc
and other machinery to be installed at hospital premises.
- For Acquistion of premises and/or for setting-up of clinic/hospital in
own site or purchase of site and constuction of hospital/Clinic thereon,
furnishing and cost of medicines. Expansion/Renovation/Modernisation
of existing premises.
- All practicing qualified
medical practitioners holding
a recognized graduate degree
with minimum practicing
experience of one year in the
age group of 25 years to 65
years in any branch of medical
- Exit Age of the applicant/co-
applicant for the
loan/advance should not cross
70 years in case of individuals.
Firms engaged in medical profession
(including Companies / LLP /
Partnerships / Trusts / Society) in
which atleast 50% of stake holding
should be of medical practitioners
(Except Trust/ Society) where age of
medical practitioners will be
considered. For Trusts/Society At
least one of the trustees / members
of the Society must be a medical
||Nature offacility & Quantum of Advance
||Term loan/Working Capital
Minimum –Rs.5.00 lakh
Maximum – Rs.500.00 lakh
||Assessment and Margin
- Term loan:
-For Purchase of Equipment & Vehicle:15%
-For Construction / Acquisition of premises (Including / Expansion /
Renovation / Modernization of Existing premises):35%
Wherever the loan is for Purchase of Site and Construction of Hospital/
Clinic, financing the Cost of Land/ Site shall be restricted to 30% of the
Total Project Cost.
- Working Capital: Upto 25%*
||Rate of Interest
||Term loan : Maximum 120 Equated Monthly Installments (EMI).
For new construction – Maximum 180 months period including 24 months
Working Capital : Limit review/renew for every 2 years.
|1.00% of loan + GST
||0.50% p.a + GST
- Loans Covered under CGTMSE
|Primary Security in the form of Hypothecation / Charge of assets purchased / created out of bank’s finance.
||Eligible Loans upto Rs.50.00 Lakhs to be covered under CGTMSE, as applicable. Hybrid Model of CGTMSE may also be utilized.
- Loans with out CGTMSE coverage
- a) In case of purchase of equipment/machinery/vehicles etc:
|Hypothecation of assets purchased / created out of bank’s finance (irrespective of quantum of loan)
||Minimum Collateral requirement is 40% of the loan amount.
- b) Acquisition /Expansion / renovation of premises:
|Mortgage of land and building
for which advance is given, in
case of acquisition and
mortgage of land and building
where expansion / renovation
||MinimumCollateral requirement is 30% of the loan
authority may stipulate
hypothecation of existing /
future movable assets as
security on a case to case
basis over and above the
mortgage of land and
||In case of Mortgage of Land &
Building (in the subject
scheme), Primary Security
Value over and above our Bank
Finance may be considered for
Collateral Security Coverage.
||2.00% over & above exisiting ROI
|Personal guarantee of all co-owners of the security to be obtained.
- - Personal Guarantee of all partners in their individual capacities in case of finance to partnership firms.
- - Personal Guarantee of Directors / Trustees/ members in case of finance to Ltd Company / Trust / Society.
- In case of third party collateral, Personal guarantee of third party is mandatory.
||Mode of Disbursement
|Total cost including margin to be paid
directly to the dealer / supplier of
goods / machineries / civil
contractor/seller of property and
stamped receipt to be obtained and
held on record.
||Through CC/OD limit account.
||Comprehensive insurance of the primary/collateral Security with bank clause
should be obtained.