V DOCTOR

1

Purpose

• Acquiring premises & expansion /renovation/modernization of existing clinics/hospitals.
• Purchase of medical equipment/ambulance/car/vehicle.

2

Eligibility

• Qualified Registered Medical Practitioners with minimum experience of 1 year.
• Firms/Companies where majority of shareholding is by qualified medical practitioners.
• Trusts engaged in rendering professional medical services.

3

Nature of facility

• Term loan
• Working capital
  

4

Quantum of Loan minimum/maximum.

• Term loan          – Maximum Rs.500.00 lakhs (of which Working Capital  – Maximum Rs.20.00 lakhs)

5

Margin

• 25% for purchase of equipment/ machinery/ vehicles etc.
• 35% for acquisition of premises and/or expansion/renovation/modernization of existing premises.
• 25% on stock in case of working capital limit.

6

Rate of interest

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7

Guarantor

• Personal guarantee of partners/ promoter directors in all cases irrespective of coverage under credit guarantee scheme.

8

Security

• Assets acquired out of bank finance.
• Mortgage of property in case of construction/acquisition of premises, expansion/renovation of existing premises out of bank finance.
• Collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies if not covered under CGTMSE for loans up to Rs.100 lacs.
• For loans above Rs.100 lacs, collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies.   

9

Processing fees/other charges

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10

Repayment

• Working capital – one year (should be renewed on yearly basis).
• Term loan – Maximum of 84 months.

11

Application with checklist

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