doctor-loan

PSB Doctors Special

Purpose	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.
Quantum of Loan	Minimum: Rs 5 Lakhs, Maximum: Rs 5 Crores Working capital facility be restricted to maximum of Rs.20 Lakh.
Margin	Term Loan: (i) 25% for purchase of equipment/machinery/vehicles (ii) 35% for acquisition of premises/expansion/renovation/modernization Working Capital: (i)25% on stocks (ii)40% on book debts Commercial Vehicle 15% of on-road price inclusive of one time road tax, registration & insurance
Security	Hypothecation of assets to be purchased/acquired with the help of Bank’s finance. Mortgage of business premises if financed by the Bank. < Hypothecation of Stocks/book debts
Collateral Security	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
Rate of Interest	Click here
Concession for Women/ST/SC Doctors	ROl concession of 0.20 % may be applicable for Women/ST/SC applicants where: (i) Doctor is sole applicant. (ii)In case of partnership firm/LLP/companies/Trusts, minimum 51% of shareholding/stake is held by the Women/ST/SC doctor(s).
Guarantee	No guarantee required, if covered under CGTMSE. In other cases, guarantee of Spouse/major children/partners/directors/trustees/suitable third party be invariable obtained. Personal guarantee of partners/directors should be invariably taken in all cases irrespective of coverage under credit guarantee scheme. If the owner of the mortgaged property is other than borrower, the guarantee of the property owner must be obtained.
Processing Fee	Click here
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.
Additional Benefits:	Locker Rent Concession: 50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.

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