|Eligibility||Individuals/Partnership/Ltd.Co./Trust. Promoters should have minimum MBBS/BAMS/BDS/BHMS & registered practicioners. Key promoters or their spouse should be qualified doctors & registered practitioners.
|Amount of Loan||Minimum Rs.1.00 lakh.Maximum Rs.50.00 lakhs|
Upto Rs.5 lakhs-10%.
Above Rs.5 lakhs-20%.
Upto Rs. 5 lakhs- 15%.
Above Rs.5 lakhs-15%.
|Interest Rates||Please see the Interest Rate link on home page|
|Repayment||Maximum period up to 120 months including moratorium period of
|Security||Loan up to Rs.10 lakhs Hypothecation of assets created out of loan. No collateral security / third party guarantee and to be covered under CGTMSE.|
Loans above Rs.10 lakhs
Hypothecation of assets created out of loan and LIC policy assigned in favour of Bank for short fall in security
(or) other collateral security
|Salient Features||To finance qualified medical practitioners for buying equipment, setting up clinic or clinic-cum-residence or nursing homes, setting up X-ray lab, pathological clinics, polyclinics. Setting up Drug/Medical stores, purchase of vehicles, ambulance, computers, expansion/renovation/modernisation of existing premises|
|Master Circular (For updations see the latest circulars)||ADV/125/05-06 dt 22/12/05|
ADV/133/05-06 dt 18/01/06
|* BPLR and BASE RATE - Available in Home Page|| |