| 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 & registered practitioners.
|
| Amount 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 | Maximum period up to 120 months including moratorium period of
3 months
|
| Security | Loan up to Rs.10 lakhs Hypothecation of assets created out of loan. No collateral security / third party guarantee and to be covered under CGTMSE.
Loans above Rs.10 lakhs
Hypothecation of assets created out of loan and LIC policy assigned in favour of Bank for short fall in security
(or) other collateral security |
| 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 |
| 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 and BASE RATE - Available in Home Page | |
