Bank | Indian Bank | ||
Scheme | IB Doctor Plus | ||
Description | 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. | ||
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. | ||
Rate of Interest & Repayment | Interest: WC- BPLR-1.25 TL (equip)-BPLR+TP-1.75 TL (bldg) – BPLR+TP-0.75
Repayment Period: Maximum period up to 10 years. |
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Collateral |
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Composite /loan Limit | Minimum Rs.1.00 lakh and Maximum Rs.50.00 lakhs. | ||
Margin | Margin of Loan:
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Detail Link | View Link |