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| Home >> Personal Banking >> Loan Products >> Doctors Choice |
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Complete solution to cater to the needs of medical practitioners
Purpose:
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Purchase of equipment
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Setting up of Clinic, X-ray lab, Nursing Home, etc.
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Expansion / renovation / modernisation of exiting premises
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Purchase of vehicles, ambulance, computers and other essential equipments
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Meet working capital needs
ELIGIBILITY:
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All qualified registered medical practitioners
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A well established practice / experience of minimum 3 years
LOAN AMOUNT:
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Maximum of Rs.10 lacs (Sub-ceiling of Rs.2 lacs for Working Capital)
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Term Loan (TL): Need Based
- Working Capital (WC):
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25% of previous years’ turnover or
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25% of the expected turnover of current year or
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2 times the Annual Net Income or
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The ceiling amount mentioned above, whichever is less
Margin
SECURITY:
- PRIME : Hypothecation of assets financed by the Bank :
COLLATERAL :
REPAYMENT :
RATE OF INTEREST :
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Please visit our interest rate page for current rates.
For more details, please visit our nearest branch or call to toll free no. 1800 425 0018.
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