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Doctors Special From P&SB

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 / CC/ OD

Quantum of advance

Maximum quantum under the scheme Rs.1 crore out of which, ODP / CC Hypn. limit ( maximum ) upto Rs.10 lac may be allowed , on merits of each case for meeting expenses like salaries, wages, medicines, consumable items, traveling, short term professional courses etc, after assessment of requirement

Margin

15%

Security

  • Movable Assets: Hypothecation of assets acquired.
  • Immovable Assets: Equitable / legal mortgage of property in the name of self / spouse / major children.

Collateral Security

  • Upto Rs.25 lac - No Collateral required, if covered under CGTMSE
  • Above Rs.25 lac upto Rs.1 crore - Collateral to be taken as per Bank policy.

Rate of Interest

BR + 3.55 = 14.30

Guarantee

  • Upto Rs.25 la : No guarantee required, if covered under CGTMSE. Spouse may preferably be taken as Co-borrower.
  • Above Rs.25 lac and upto Rs.1 crore: 3rd party guarantee of substantial means.
  • Guarantee of owner of property, other than the borrower, should be obtained invariably.

Additional Benefit

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

For Hot Listing (Blocking)
ATM/Rupay Cards
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