Bank | UCO Bank |
Scheme | UCO Doctor Scheme (Revised) |
Description | Term Loan / Cash Credit
· To finance for purchase of various Medical equipment Finance can also be allowed for purchase, construction, addition, alteration, renovation, furnishing of Clinics/Nursing Home/Medical Centers. · Financing towards Working Capital to meet day to day requirement.
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Eligibility | · Individuals, Proprietorship/Partnership firms, Pvt. Ltd. Cos. engaged in providing medical/pathological/ diagnostic services to the society. Veterinary Doctors/ practitioners are not eligible
· The doctor/s practicing for a minimum period of three years. · In case of medical unit, the same must be in existence for a minimum period of three years and earning profit.
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Rate of Interest & Repayment | a) Total Funded Based Exposure upto Rs. 25 Lacs: UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time) b) Total Funded Based Exposure more than Rs. 25 Lacs and upto Rs. 1 Crore: UCO Float Rate+ 2.55% ( UCO Float Rate as applicable from time to time) c) Total Funded Exposure more than Rs. 1 Crore: Based on Internal Rating |
Collateral | Loans upto Rs. 2.00 crore : No Collateral & Third Party Guarantee.
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Composite /loan Limit | · Minimum Rs. 1.00 lakh and Maximum Rs 300.00 lacs(Based on eligibility) amount. |
Margin | |
Detail Link | View Link |