Quick and Easy Medical Equipment Loan for Dentists
Being a dentist is an expensive profession. The whole process requires a lot of money, from studying for your BDS to setting up your dental practice. For those who need a little helping hand, we at Poonawalla Fincorp offer medical equipment loans for dentists.
You can use the online loan for dentists to purchase sophisticated tools and equipment for your dental practice, ranging from drills and burs, dental lasers and imaging systems to dental chairs and other accessories for your clinic.
With a high loan amount, easy documentation requirements and processing and quick disbursal, our dental practice loans can be just the right choice to upgrade your dental clinic. Every step of the loan for dental equipment is designed to make the process effortless, quick and hassle-free. You can use our EMI calculator to estimate your EMI payments, complete the application online, submit your documents and get dental equipment financing in no time.
Uses of Dental Equipment Financing
- There are many ways that you can use a loan for dental equipment. The large sum sanctioned allows you to set up state-of-the-art dental clinics and expand your practice. You can use our dental practice loans for:
- Upgrading equipment in your existing clinic
- Renovating your dental clinic
- Expanding your dental clinic
- Introducing new technology
- Improving operational systems
Features & Benefits
Minimum Processing Fees | Flexible Tenure | Structured Repayment
A loan to set up a dental clinic that will help you purchase new equipment or upgrade your existing one should be affordable, easy to access and easy to repay. While structuring our medical equipment loan for dentists, we have considered all requirements. Dental equipment financing from Poonawalla Fincorp is among the best in the market, with an easy application process, quick processing, fast disbursal, simple documentation requirements, and flexible repayment tenure for a hassle-free borrowing experience.
- Here are the top features of Poonawalla Fincorp’s loan for dental equipment:
- High loan amount of up to ₹10 Crore
- Structured repayment option
- Principal moratorium of up to 2 years
- 84-month loan period
- Quick disbursal
- Affordable interest rates
- Straightforward documentation requirements
- Free of hidden charges
- Choice of online process
- Simple 5-step loan application process
Eligibility Criteria for a Medical Equipment Loan for a Dentist
The eligibility criteria for a Poonawalla Fincorp loan for dental equipment are minimal and reasonable. There are no complicated requirements. The whole process of availing of a dental practice loan has been made as simple and convenient as possible so that there are no obstacles to achieving your dream.
- All loan applicants have to qualify under four basic criteria, which are as follows:
- Educational qualification
- Work experience
If you qualify under these basic heads, you can get a loan for dental equipment quickly. Moreover, if you have a good CIBIL score and clean credit history, availing of the loan will become even easier. You can get better rates on your dental practice loans with a better credit score. Go to the Apply Now option on our website and begin your loan application process.
Documents Required for a Medical Equipment Loan for a Dentist
Before you can apply for a dental equipment loan, you will have to submit certain documents so that we can verify and process your loan. If all the required documents are in order, your loan application process will become smooth and hassle-free.
- To apply for a loan for a dental clinic to purchase equipment, you will need the following documents:
- KYC documents such as PAN Card, Aadhar Card, Business Address Proof, etc.
- Bank account statements
- Qualification documents
Frequently Asked Questions
What is a medical equipment loan for dentists?
A medical equipment loan for dentists is a long-term loan sanctioned specifically to purchase dental equipment. The equipment and tools purchased can be for upgrading a dental clinic. Poonawalla Fincorp’s dental equipment financing is extremely simple to apply for, has quick disbursals and allows you to get funds to finance your dreams.
When is it a good time to take a medical equipment loan as a dentist?
If you have a dental clinic of your own and want to upgrade your equipment, introduce new technology or change the furnishings in your clinic, you can consider a loan for dental clinics offered specifically for purchasing equipment.
How is a dental equipment loan better than a personal loan?
The interest rates for a personal loan are considerably higher than taking out a medical equipment loan. The tenure may also be shorter. If you are certain that you want to use the loan amount to upgrade the equipment in your dental clinic, it is better to go for dental equipment financing rather than taking out a personal loan.
Is a dental equipment loan a secured or an unsecured loan?
A secured loan is a loan against which there is collateral required. Unsecured loans require no collateral. Dental equipment loans are usually secured loans. The expensive equipment you purchase for your dental clinic is considered collateral and can be seized if you fail to repay your loan.
How to apply for a dental equipment loan with Poonawalla Fincorp?
Applying for dental equipment financing with Poonawalla Fincorp is simple. The whole process can be completed online in five simple steps:
- Step 1: Go to the Apply Now option on the medical equipment loan page and fill in the application form.
- Step 2: Submit all required documents.
- Step 3: Wait until your documents have been verified.
- Step 4: After verification, your loan amount will be processed.
- Step 5: Your loan will be credited to your bank account.