| |
| Eligibility |
- Any
qualified medic having a degree or diploma
|
|
|
| Purpose Of Loan |
- Purchase / Renovate Clinic
|
|
- Purchase
Medical Equipment
|
|
|
|
|
| Sanction
Limit |
- 75%
of the Agreement Value/Estimate for premises
|
|
- 75%
of the value of the equipment
|
|
- 75%
of the estimate for vehicle
|
|
|
|
|
Repayment period |
|
|
|
|
|
| Rate
of interest |
|
|
- Calculated
on the daily reducing balance of the loan
|
|
|
| Security |
|
|
- Hypothecation
of equipment or vehicle to be purchased
|
|
|
|
- Any
other security that may be deemed necessary by the bank
|
|
|
| Documents
Required |
- Proof
of Residence - Xerox copy of Ration Card/Electricity Bill/Telephone
Bill
|
|
- Copy
of Degree/Diploma Certificate
|
|
- For
new premises
- Agreement Value
|
|
- For
old premises
- estimate
|
|
- For
vehicle - Invoice/Valuation Certificate
|
|
|
