‘Business Loan for doctors’, is a loan for Consultants and Practicing Doctors working in a government / private clinic or a hospital. If you are planning to expand your scale of operations to provide better service and treatment facilities, this Medical Loan for Doctors by Analytical is something for you. It ties together multiple benefits along with quick approvals and a low rate of interest. The advance is available for projects related to setting up / expansion of nursing home / hospital / clinic and pathological lab etc.
- The loan would be for either for day to day business or setting up new clinic or hospital, purchase of medical equipment or upgradation of the existing equipment or machinery.
- All medical practitioners or doctors can avail this option
It has benefits of purchasing brand new Electro medical and other sophisticated equipment that includes
- Operation theatre equipment
- Air conditioners
- Personal computer and accessories with software for diagnosis and ups system.
- Purchase of equipment, machinery and any other items that are needed to start clinic in the area of operation of the Branch.
- For acquiring premises for setting up of clinic, furnishing and cost of medicines if any to be procured.
- Purchase of ambulance for Hospital or Clinic.
- Purchase of vehicle for use by Doctor Promoter or Doctor Employees, when taken along with loan for other purposes that are, premises, equipment etc. which is called composite loan.
- Expansion or renovation or Modernisation of existing Hospital or Nursing Home Premises.
- Equipment for scanning centers or poly clinic or Pathological laboratory or Diagnostic center or Physiotherapy center set up by Radiologists or qualified doctors.
The loan is available for following purposes :
- Development of clinic / Clinic-cum-residence, Nursing Home, Pathological Laboratory.
- Purchase of medical / diagnostic equipments.
- Setting up of operation theatre.
- Purchase of office equipments viz. computers, fax, air-conditioners and furniture etc.
- Purchase of car, ambulance, etc.
- Expansion/ renovation/ modernization of existing premises/ Clinic/ Nursing Home.
- Working Capital requirement including stock of medicines
Medical Loan Interest Rates :
- The floating interest rate ranges from 11.40 per cent to 12.65 per cent.
- Fixed interest rate is 9.65 per cent
Medical Loan Eligibility :
- All medical practitioners or doctors
- Minimum Qualification: MBBS or BAMS or BDS or BHMS.
Medical Loans Document Checklist :
Applicant Requirements :
- Gross monthly salary slips
- Form 16 acknowledgement of last 2 years and latest 3 pay slips
- Last 3 months latest salary credit bank statements
- Education Qualification Certificates
- Identity Proof
- Address Proof
- Own Property Proof (Either office/Residence)
Check out our Medical Loan options here