Eligibility and documents required for medical equipment loan

Medical Equipment Loan
with festive offers

Attractive interest rates
starting @ 9.99%* p.a.

Flexible-Tenure

Flexible Tenure of
Up to 84 months

Higher-Finance-Amount

Higher Finance Amount
Up to ₹3 crore

Medical Equipment Loan Eligibility & Documentation

Important factors to consider before applying for a loan

Understating your needs we ensure a quick, hassle-free and convenient process of loan application so that you stay focused on your practice. With Poonawalla Fincorp Medical Equipment Loan, you enjoy simple eligibility with minimum documentation process. Want to know about your monthly loan installments? Calculate your Medical Equipment Loan EMI in a few seconds and get started with your loan application.

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Know your Eligibility Criteria

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Criteria Requirement
Eligible Applicant Age Key person should be minimum 25 years at time of loan application and maximum 65 years at loan maturity.
Work Experience MBBS/MDS/MD/MS: Minimum 1 year of post-qualification experience and for others 3 years of post-qualification experience.
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Documents Required for Medical Equipment Loan

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Documents Requirement
KYC Documents

For Self Employed Professionals:

  • PAN Card
  • Aadhaar Card
  • Residence Address Proof: Electricity Bill / Rent Agreement / Passport
  • Business Address Proof: Electricity Bill / Rent Agreement

For Firm / Company:

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

Interest Rate

APR ranging from 9.99% to 11.99% | Minimum processing fees.

Repayment

Flexible repayment tenure from 1 year to 7 years with 5% Foreclosure charges on principal outstanding plus applicable taxes until 6 months.

Example

Loan Amount Rs.30 lakh, Interest Rate: 10%, Tenure: 5 years, equates to EMI of Rs. 63,741 per month.

This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card.
*T&C Apply

Apply for Medical Equipment Loan Online in 5 Easy Steps Arrow Logo

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Apply
Online

Apply Online

Click on Apply Now and fill in the application form

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Submit
Documents

Submit Documents

Provide your KYC and Income documents

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Verification

Verification

Your application will be processed for verification

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Quick
Approval

Quick Approval

Get your loan approval in a quick process

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Instant
Disbursed

Instant Disbursed

That’s it! Your Loan is instantly credited in your account

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Professional Loan for Doctors
Why do doctors need a professional loan?

Medical studies are expensive, and the expense for a doctor continues even after they’ve set up their practice, or when they try to expand their practice. These are the scenarios

Cash Flows
How to manage cash flow in business?

The key to a sustainable business is its financial and cash flow management! Your working capital helps you define a realistic business growth plan, goals and grab the opportunities on your way. Whether you want to scale up the operations, expand the existing structure, purchase state-of-the-art machines and equipment, or need help in maintaining your day-to-day capital, cash flows management plays a crucial rule for all of them.

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