FAQ on Healthcare Finance

Who can avail of Healthcare Finance?
Self-employed doctors in the age group of 24 to 65 years(at the end of the loan tenure).
Partnership Firms&Private Ltd.Companies.

How much finance can I avail of?
You can borrow up to 10 crores

What are the tenure options?
Healthcare finance loans range from a minimum of 6 months up to a maximum of 6 years

How long will it take to process the loan?
Loans are processed within 4 working days of completing the documentation.

Do I need a guarantor?
For sole applicant-one adult family member to be co-applicant.
Partners/Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co.respectivel.

Do I have the option of pre-paying the entire loan amount?
Yes.One can pre-pay the loan at any time after 6 months of availing of the loan.Foreclosure charges would be applicable.

How do I repay the loan?
You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan.This payment can be made only once in a financial year subject to a maximum of 25%of the balance outstanding against your loan amount at the start of the financial year.

How do I repay the loan?
Electronic Clearing System(ECS)OR
Post dated cheques(PDCs)

What are the stages involved in availing a loan?
The stages involved are:
Application
Processing
Documentation
Sanctioning of the loan
Disbursement