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Special Loan for Doctors

Special Loan for Doctors
Purpose For purchase of premises for dispensary, dental clinic, or for purchasing equipment, machinery required by medical practitioners
Who can Avail this Loan Any medical practitioner holding a valid degree from a recognised university who is a account holder of our Bank
Loan Features

Repayment Period

84 months for equipment / machinery 

120 months for premises
Rate of Interest

 

Up to 84 months                    : 12%

85 months to 120 months     :  12.50% 

  
Documents required
  1. Duly filled Loan form
  2. Account Statement / Passbook for verification
  3. Other Bank account statement if any
  4. Three Photographs of Borrower & Guarantors
  5. Income proof for last three years 
  6. Ration card of borrower and Guarantors (salaryslip / financial statement of guarantor)
  7. Aadhar card of borrower and Guarantors
  8. Electricity Bill of borrower and Guarantors (point 6,7,8 bring originals for verification)
  9. Profoma Invoice machinery, equipments 
  10. Project report 
  11. Advance payment receipt
  12. Agreement share certificate (in case of resale premises)
  13. NOC from builder / society for mortgaging the premises
  14. CIBIL Report
Charges

      1. Share 2.5% of the Loan amount Rs 1 Lakh
      2. Service Charges 1% of loan amount Min 125/-
      3. Franking – Upto Rs. 5 Lakhs – 0.10% Above Rs. 5 Lakhs – 0.20%
      4. Visit Charges – Rs.300/- to Rs 10000/-
      5. Scrutiny charges – Min – 400/- Max 50000/-
      6. Cibil Report – Consumer – 200/- Commercial - 1500/-
      7. Cersai Report – 200/-
Positive Points
  1. Quick Disbursal
  2. No Pre-payment charges
  3. Flexibility in repayment period
  4. Daily reducing balance
  5. Repayment in addition to fixed instalment can be made without any charges