FINANCE TO DOCTORS / MEDICAL PRACTITIONERS

All Doctors/Medical Practitioners (Individuals, Partnership Firms, Limited Companies, Trusts.

To construct Hospital Building, Hospital cum residence, for setting up nursing home, poly clinics, pathological labs etc.

At Rural Branches - Up to Rs 100 lac

At Semi Urban Branches - Up to Rs 200 lac

At Urban/Metro Branches - Up to Rs 500 lac

Margin

35% in case of construction.

25% on stocks.

30% on receivables.

20% on BG/LC

All Doctors/Medical Practitioners (Individuals, Partnership Firms, Limited Companies, Trusts.

Primary:

Working Capital : Hypothecation of Stocks, Book debts and other current assets.


Term Loan : Equitable mortgage of land and building, if loan is sanctioned towards construction.


Hypothecation over the assets created out of Bank finance.


Collateral:

Up to Rs 10.00 lacs personal guarantee acceptable to Bank.

Above Rs 10.00 lacs suitable collateral security or CGTMSE cover.

Working Capital: On demand subject to review every year.

Term Loan: Max 84 months including 18 months moratorium (Max).