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Punjab and Sind Bank

Doctor’s Special

Bank Punjab and Sind Bank
Scheme Doctor’s Special
Description Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Scan/ Diagnostic Centers/ Physiotherapy centers, Nursing Homes, Sanatorium etc. including furniture fixture and equipments and for purchase of vehicles, ambulances, computers etc.
Eligibility Medical Practitioners registered with statutory bodies like, MCI, DCI,CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/BAMS or equivalent professional degree.

 

Rate of Interest & Repayment Rs. 5 Lakh to Rs. 2 Crore – 8.00%

Above Rs. 02 Crore to Rs. 05 Crore – 8.50%

Repayment: For Term Loan: Maximum 7 years including moratorium period of 2 years/construction period in case of new construction.
For Working Capital: Repayable on demand.

Collateral Upto Rs 10 Lakhs: No third party guarantee/collateral security is required and the same shall be covered under CGTSME.
Above Rs 10 Lakhs to Rs 200 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure. Or else the loan may be covered under CGTMSE.

Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure

 

Composite /loan Limit Minimum: Rs 5 Lakhs,
Maximum: Rs 5 Crores
Margin 25% for purchase of equipment/machinery/vehicles
35% for acquisition of premises/expansion/renovation/modernization

25% on stocks

40% on book debts

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