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Eligibility : |
- Individuals /Partnership / Ltd. Co. / Trust.
- Promoters should have minimum Degree of MBBS / BAMS /
GAMS /BDS/ BHMS
They should be registered practitioners.
- Key promoter should be a qualified doctor
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Rate Of Int :
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See the Rate |
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Repayment Period :
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Minimum DSCR 1: 1.5
- Maximum period 3 years to 10 years for Term Loan and
One year for O.D., renewable yearly.
- Maximum moratorium 12 months, (for construction purpose),
(Upto 6 months In other cases)
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Proposal Processing Charge:
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0.5% of Loan Limit.
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Margin :
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- Upto Rs. 25,000/- - NIL
- Above Rs. 25,000/- and upto Rs. 5 lakhs - 10%
- Above Rs. 5 lakhs - 15%
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Max & Min Loan:
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Maximum : Rs. 25.00 lacs
Under SBF Segment :
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Rural & Semi Urban Centers :
- Maximum Rs. 15.00 lacs
- Urban Centers :
- Maximum Rs. 10.00 lacs
Under C & I Segment :
- Loans beyond the ceiling fixed under SBF segment to be considered under C&I Segment for a maximum amount of Rs. 25.00 lacs with sub ceiling for working capital limit Rs. 3.00 lacs. Loan under C&I segment will not qualify for Priority Sector Lending.
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Moratotium : | |
Security : |
Primary –
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Hypothecation / mortgage of Assets financed by the Bank.
Collateral -
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No need for Tangible Collateral Security for loan amount upto Rs. 15 Lakhs for Allopathic professionals and upto Rs. 10 Lakhs for other professionals (Homeopathic, Ayurvedic, Unani etc). Instead, Personal Guarantee/ Third party guarantees with total net worth of guarantors at least twice the loan amount to be taken.
Above Rs. 10 / 15 Lakhs :
- Tangible Collateral Security of atleast 25% and Personal guarantees of promoters or suitable Third Party Guarantee.
For Clean OD
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Suitable Third Party Guarantee worth double the limit sanctioned.
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