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Indian Bank

IB Doctor Plus

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.

Collateral
  • Loans upto Rs 2 lakhs – hypothecation of charge over asset created.
  • Loans above Rs 2 lakhs – hypothecation of assets and LIC policy or other collaterals.

 

Composite /loan Limit Minimum Rs.1.00 lakh and Maximum Rs.50.00 lakhs.
Margin Margin of Loan:

Urban :

  • Upto Rs.5 lakhs-10%.
  • Above Rs.5 lakhs-20%.
Semi Urban / Rural :

  • Upto Rs.5 lakhs- 15%.
  • Above Rs.5 lakhs-15%.

 

 

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