DOCTOR'S SPECIAL


Eligibility Doctors having minimum qualification MBBS / BDS.
Purpose

Setting up / acquiring / renovation / expansion of clinics, Hospitals / Pathological / Clinical labs , Scan / Diagnostic Centers , Nursing Homes, Sanatorium etc and purchase of vehicles, ambulances, computers etc.
Type of credit

Term Loan
Quantum of advance Maximum upto Rs. 1 crore
Margin 15%
Security (i) Movable Assets : Hypothecation of assets acquired.
(ii) Immovable Assets : Equitable / legal mortgage of property in the name of self / spouse / major children.
Collateral Security : (i) Upto Rs.25 lac – NIL if covered under CGTMSE scheme of SIDBI for coverage of cases upto Rs. 1 crore after payment of guarantee fee.
(ii) Rs.25 lac upto Rs.1 crore – Collateral required.
Rate of interest

(i) Upto Rs.25 lac : BPLR-3.00% (Floor rate 10.50% p.a)
(ii) Rs.25 lac upto Rs.1 crore : BPLR-2.50% (Floor rate 11.0% p.a)

* No processing charges for loan sanctioned upto 31.03.10
Guarantee
  • Upto Rs.25 lac: NIL if covered under CGTMSE
  • Spouse may be taken as co borrower
  • Rs.25 lac and upto Rs.1 crore : 3rd party guarantee of substantial means
Repayment Total repayment in maximum 5 to 7 years. Post dated cheques to be obtained.
Prepayment The prepayment facility is allowed. No charges beyond one year.
Additional Benefit 50% concession on locker rent for self or spouse for first two years, who avail loan under this scheme.

* for details please contact our nearest branch.