AllBank HealthCare

    Purpose :
  • Setting up of Business – To make medical entrepreneur
  • Term Loan : for purchase of tools and equipment for carrying out production process.
  • Passed out Students planning to setup their diagnostic centre in various stream (Medicine, Dental etc.) in India.
  • Students must have completed their course in MBBS/BDS/BAMS/BHMS/BUMS from recognized/approved college.
  • Registration with government authority is must.
  • Minimum Age- 21 Years
  • Applicant/s must have minimum CIBIL Transunion Score of 700 (under version 1.0) or 618 (under Version 2.0).

  • Other Terms & Condition :
  • A copy of latest Lease Agreement/ Rent Agreement will be held in file. Intimation regarding our absolute charge on the primary assets to be sent to the land lord / premises owner by registered post. “Asset Hypothecated to Allahabad Bank” will also be displayed in the premises.
  • Registration for Medical Practitioner with government authority is mandatory. Self attested copy of the same will be obtained prior to sanction of loan.
  • Municipality license, licenses under Shop & Establishment GST and other statutory licenses to be obtained, along with State’s specific own legislation for regulating Clinical Establishments.
    Loan Limit :
  • Term Loan : Need based finance for setting up of business. Maximum Rs.5.00 Lac
  • Margin :
  • For loans up to Rs.1.00 Lac- 10%
  • For loans above Rs.1.00 Lac & up to Rs.5.00 Lac: 20%
  • Rate of Interest*:
  • MCLR + 1.50 %, 0.50% concession to applicant setting up diagnostic centre/clinic in rural areas.

    Primary Security:
  • Hypothecation of Article being purchased from the loan amount.
  • Collateral Security:
  • NIL.
    Repayment Period:
  • In Maximum 84 equated monthly installments with a moratorium of 6 Months