A customised suite of loans for doctors
You strive to keep our Society Healthy; we will take care of your financial needs. Get the latest medical equipment, renovate or for expanding scale of operations, integrate technology into your practice, maintain your cash flow with Loan to Doctors with Medi-Overdraft scheme from Bharat bank
What is the Purpose of this Loan?
- Purchase/Construction of Hospital Premises, Polyclinics, Consulting Rooms, Nursing Homes etc.
- Expansion/Renovation of Existing Premises.
- Purchase of Medical Equipment’s/Vehicles etc.
- Working capital requirement including stock of medicine
Who can avail for this Loan?
- Individuals, Proprietorship, Partnership Firms, Private Limited companies/Trusts engaged in providing medical / pathological / diagnostic services to the society.
- Applicants / Promoters should have recognized qualification in any branch of medical science like MBBS / BAMS / BDS/ BHMS or any degree / course in physiotherapy / radiology etc.
- In case of Partnership Firm/ limited company/ Trust, either one of the partners/ Director/ trustees should be qualified registered Medical practitioners in the hospital.
How much are you entitled to
Term Loan - Maximum Amount Available under Bank’s Exposure Limit Working Capital – Maximum Rs.500.00 Lac under Bharat Bank Medi Overdraft Scheme.
Repayment
Repayment for Term Loan is Maximum 120 Months
Security
Mortgage of Immoveable Property and medical equipment’s/vehicles proposed to be purchased