Features and benefits of medical equipment loan

Medical Equipment Loan –
Features and Benefits

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

With the rapid advancements in the healthcare sector, professionals in the industry need financial support to purchase new and modern medical equipment, extend their current medical facility, etc. As a medical professional, you can apply for a Medical Equipment Loan with Poonawalla Fincorp, get the funds you need, upgrade your medical facility, and provide the best medical services to your patients.

We offer Medical Equipment Loan at the most competitive interest rate in the market, starting at 9.99% per annum. Our loan comes with many other features and benefits, including:

Benefits of Loan Higher loan amounts
You can get a loan up to ₹10 Crore.
Collateral free loan Convenient Repayment Option
You get a moratorium of up to 6 months. This means you can start paying EMIs after 6 months from the date of approval.
Interest Rates Competitive Interest Rates
Our Medical Equipment Loan interest rates are the most competitive in the market starting at 9.99%, which make your EMIs affordable.
Document Required Logo Minimal Documentation
You need not worry about dealing with complicated paperwork when you apply for a Medical Equipment Loan with us. You must submit only a few basic documents like income proof and KYC. This helps save time and speeds up the loan application process.
Loan Repayment Logo Flexible Loan Tenure
Our Medical Equipment Loan comes with a flexible repayment tenure up to 84 months, allows you to plan your finances better and manage the repayments without affecting your monthly budget.
Loan Approval Logo Quick Disbursal
The loan is disbursed within a few hours of approval, giving a hassle-free borrowing experience.
No Hidden Charges Logo Zero Hidden Charges
We maintain complete transparency in our process and all fees and charges are disclosed. So, you can be assured of not paying any additional charges other than the charges mentioned in the loan offer document.
Easy Process logo Online Process
Our Medical Equipment Loan is processed quickly and efficiently through an online application process, ensuring a seamless borrowing experience for our customers. Once you submit the application, you will be assisted by our representative to facilitate quick processing and disbursal of the loan.

At Poonawalla Fincorp, we have no restrictions on the end-use of Medical Equipment Loan. You can use it to expand the loan for following purposes:

  • Set-up a new medical care facility.
  • Expand your current healthcare facility (clinic, hospitality, laboratory, or diagnostic centre.)
  • Buy a new medical equipment or upgrade technology.

You can apply for a Medical Equipment Loan in three simple steps as mentioned below:

  • Step 1: Click on the ‘Apply Now’ button on our website.
  • Step 2: Enter your details in the application form.
  • Step 3: Upload the documents and submit with the application for further verification.

Once the loan application is assessed and verified, you will receive confirmation from our representative. Simply approve the loan offer and authorise disbursal.

What documents do I need to avail Medical Equipment Loan?

At Poonawalla Fincorp, we have a minimal documentation process for Medical Equipment Loan. Our simple documentation process ensures that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, including:

  • KYC Documents: Government-issued IDs such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport (for self-employed individuals). Firm/Company PAN Card, and other Applicable Registrations (for Firm/Company).
  • Bank Account Statement: Bank account statement for last six months
  • Qualification Documents: Degree Certificate and Certificate of Practice
Can I foreclose or prepay my Medical Equipment Loan?

Yes, you an foreclose or prepay your Medical Equipment Loan. At Poonawalla Fincorp, we don’t levy any foreclosure charges, if you repay the amount from your own sources.

Will I get my Medical Equipment Loan approved even if I don’t have a good credit history?

No. If you have a bad credit history or defaulted on your previous loan payments, it would be difficult for you to get the Medical Equipment Loan.

*Terms & Conditions Apply

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