| Salient Features | To finance qualified medical practitioners for buying equipment, setting up clinic or clinic-cum-residence or nursing homes, setting up X-ray lab, pathological clinics, polyclinics. Setting up Drug/Medical stores, purchase of vehicles, ambulance, computers, expansion/renovation/modernisation of existing premises |
| Eligibility | Individuals/Partnership/Ltd.Co./Trust. Promoters should have minimum MBBS/BAMS/BDS/BHMS & registered practicioners. Key promoters or their spouse should be qualified doctors.
|
| Quantum of Loan | Minimum Rs.1.00 lakh.Maximum Rs.50.00 lakhs |
| Margin | Urban
Upto Rs.5 lakhs-10%.
Above Rs.5 lakhs-20%.
Semi Urban/Rural
Upto Rs. 5 lakhs- 15%.
Above Rs.5 lakhs-15%. |
| Interest Rates | Please see the Interest Rate link on home page |
| Repayment Period | Max period up to 10 years |
| Security | Loans upto Rs 2 lakhs - Hyp of charge over asset created.
Loans above Rs 2 lakhs - Hyp of assets and LIC policy or other collaterals. |
| Master Circular (For updations see the latest circulars) | ADV/125/05-06 dt 22/12/05
ADV/133/05-06 dt 18/01/06 |
| * BPLR = 12.50 % and BASE RATE = 8.00 % | |
