Eligibility and documents required for medical equipment loan

Eligibility & Documents for Medical Equipment Loan

Loan up to 10 Crore | Attractive Interest Rate | Flexible Tenure

Medical Equipment Loan Eligibility & Documentation

Important Factors to Consider Before Applying for a Loan

We ensure a quick, hassle-free, and convenient process of loan application so that you can focus on your business. With Poonawalla Fincorp Medical Equipment Loan, you can enjoy simple eligibility criteria with a minimum documentation process.

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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 and for others 3 years of post-qualification experience.

Note: The above-mentioned eligibility list is indicative. Additional eligibility criteria may be required 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
  • 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 for the last 6 months.
Qualification Documents Degree Certificate and Certificate of Practice.

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

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