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Doctors Special Loan Scheme

 
Purpose Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Scan/ Diagnostic Centers/Physiotherapy centers, Nursing Homes, Sanatorium etc. including furniture fixture and equipments and for purchase of vehicles, ambulances, computers etc.
Eligibility Doctors having minimum qualification MBBS/BDS/BPT or equivalent degree
Constitution of Borrower Individual, Joint borrowers, Proprietorship, Partnership and Company (Pvt/Public ltd) concerns where majority of share holding is by qualified medical practitioners only in case of firms/companies.
Quantum of Finance
  • Maximum Rs. 2 Crore in Urban & Metros areas
  • Maximum Rs.1 Crore in other areas
Type of Credit Term Loan
Margin
  • Upto Rs. 25 Lacs: 15%
  • Above Rs. 25 lacs upto Rs. 1 crore: 20%
  • Above Rs. 1 crore upto Rs. 2 crore: 25%
Rate of Interest Please click here For rate of interest
Processing fee Please click here For Processing fee
Documentation Charges Actual Stamp/ Revenue expenses only
Security

Hypothecation of assets to be purchased/acquired with the help of Bank’s finance.

Mortgage of business premises if financed by the Bank.

Collateral Security

Collateral is invariably required all the cases subject to following exception:

"Cases upto Rs. 1 crore which are covered under CGTMSE"

Repayment

Total repayment is maximum 7 years including Moratorium period.

Maximum moratorium period will be two years including construction period in case of new construction of business premises financed by bank. In all other cases maximum moratorium of one year may be allowed based on the justification and merits of the case.

Prepayment The prepayment facility is allowed without any charges but not within one year of the loan availment.
Guarantee

Upto Rs.1.00 crore:

  • No guarantee required, if covered under CGTMSE.
  • In other cases Spouse may preferably be taken as Co-borrower/Guarantor.

Above Rs.1 crore upto Rs.2 crore:

  • If owner of the mortgaged property is other than borrower, the guarantee of property owner is must.
  • If owner of the mortgaged property is borrower himself, the guarantee of spouse/ major son/ third party with substantial means.
Additional Benefits

Locker Rent Concession

50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.

Housing Loan

As per Housing Loan policy with following benefits subject to Minimum of 1 Year MCLR at any point of time:

  • Concession of 0.25% in Rate of Interest subject to minimum 1 Year MCLR.
  • Waiver of 50% processing charges on applicable charges.

Auto Loan

As per Auto Loan policy with following benefits subject to Minimum of 1 Year MCLR at any point of time:

  • Concession of 0.25% in Rate of Interest subject to minimum 1 Year MCLR.
  • Waiver of 50% processing charges on applicable charges.
  • A letter of undertaking will be taken that Vehicle will also be utilized for clinic purpose, so as to cover the same in Priority Sector viz. a viz. Doctors Scheme.
For Hot Listing (Blocking)
ATM/Rupay Cards ATM/RuPay Card
1800-103-2278
044-47415691/2/3/4/5
For Balance Enquiry
(By Missed Call) 7039035156 (Toll Free)
All India Toll Free 1800-419-8300