Eligibility and documents required for medical equipment loan

Medical Equipment Loan Eligibility Criteria and Required Documents

Loan up to 10 Crore | Simple Eligibility Criteria | Flexible Repayment Tenure

Medical Equipment Loan Eligibility and Documentation

To avail of Poonawalla Fincorp’s Medical Equipment Loan, you only need to meet our simple eligibility criteria and submit minimum documentation. We ensure a quick, hassle-free, and convenient loan application process that allows you to apply for a Medical Equipment Loan within minutes.

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Know Your Eligibility Criteria for a Medical Equipment Loan

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Eligibility Criteria Requirement
Age The key applicant should be a minimum of 25 years of age at the time of loan application and a maximum of 65 years of age at the time of loan maturity.
Work Experience MBBS/MDS/MD/MS/BDS: Minimum 1 year of post-qualification experience.
Others: Minimum 3 years of post-qualification experience.

Note: The eligibility criteria mentioned above are indicative. Additional requirements may be specified during loan processing by Poonawalla Fincorp.

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Documents Required for a Medical Equipment Loan

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Document Category Requirement
KYC Documents

For Self-employed Professionals:

  • PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Residence Address Proof: Electricity Bill/Rent Agreement/Passport
  • Business Address Proof: Electricity Bill/Rent Agreement

For Firm/Company:

  • Business Address Proof and Other Applicable Registrations
  • Proprietor/Partner/Director: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Residence Address Proof: Electricity Bill/Rent Agreement/Passport
Bank Account Statement Operative bank account statement from the last 6 months.
Qualification Documents Degree Certificate and Certificate of Practice.

Note: The above-mentioned list of documents is indicative. Additional documents may be required during loan processing.

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Apply Online

Click on ‘Apply Now’ and enter contact details, loan amount, and tenure.

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Personal Details

Enter a few personal details.

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Equipment Details

Enter technical details of the medical equipment and upload all necessary documents.

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Your application will then be processed for verification and assessment.

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