Parameters Features
Nature of Facility Term Loan
Purpose For purchase of equipment & funding of ancillary equipment
Target Group Nursing Homes,Diagnostic Centers and Pathology Laboratories,Eye Centers, ENT Centers, Small and Medium size specialty clients like skin clinics, dental clinics, dialysis centers, endoscopy centers, IVF centers, Medical Practitioners
Eligibility Criteria
  • Individuals, Partnerships, Corporate, Trust & Societies
  • ITR is mandatory in all cases
  • Applicant should have minimum 3 years of operations of the diagnostic center, pathological lab, hospital, nursing home, etc. irrespective of constitution.
  • Should have required approvals/registrations from the statutory/regulatory authority
  • Should have tie-up with/employed qualified doctors
Quantum of loan (Min/Max)
  • Minimum: Above Rs. 10 lacs
  • Maximum: Upto Rs. 20 crores
Margin (%) Margin @ 15% uniformly.
Pricing Competitive Pricing Linked to MCLR
Collateral Security
  • No tangible collateral security for loan amounts upto Rs. 2 crores: They are to be covered under CGTMSE. 50% of CGTMSE fees will be borne by the borrower.
  • For loans above Rs 2 crore and upto Rs. 20 crores: Minimum 25% tangible collateral and personal guarantee of promoters.
Repayment Period
  • Term Loan: Loan is repayable in 3-7 years (including moratorium period of 6 months)
  • Repayment to commence after 6 months of first disbursement. Repayment can be equated or customized as per the cash accrual of the unit.
  • Interest to be serviced on a monthly basis during the moratorium period
Processing Fee 50% concession on card rates.
Other Conditions
  • It must be ensured that ancillary equipment is only used for purposes connected with the main activity and cost should not be more than 10% of main equipment (for which financing is done).