Medical Equipment Loan For Hospital

Medical Equipment Loan for Hospital

Loan up to 3 crores | Minimum documentation | Quick Disbursement

Quick and Easy Medical Equipment Loan for a Hospital

Affordable Interest Rates | High Loan Amount | Instant Processing

Any world-class hospital requires world-class equipment, which needs considerable investment. As a hospital owner, you may not have enough money at your disposal. After all, running a hospital requires funds for other purposes such as paying doctors, other staff, administration requirements, etc. That’s why Poonawalla Fincorp brings you medical equipment loans for hospitals.

Our loans for hospital equipment are easily accessible, have a high loan amount, are available at affordable interest rates, flexible tenures and with no hidden charges. You can use the funds from the loan to expand an existing hospital or upgrade your existing equipment. You can also use the money from our equipment loan for hospitals to improve the technology in your hospital and get the best machinery from around the world.

Getting an equipment loan for a hospital project from Poonawalla Fincorp is an uncomplicated and quick process. All you need to do is check your eligibility, submit a few documents for verification, and have the medical equipment loan for a hospital approved instantly.

Uses of a Loan for Hospital Equipment

    Medical equipment loan for a hospital is a loan that is specifically granted to purchase medical equipment for a hospital. This can include the latest imaging tools, diagnostics technology, oxygen cylinders, hospital beds, and any other equipment required to run a hospital. With Poonawalla Fincorp’s equipment loan for hospitals, you can upgrade to a state-of-the-art hospital facility. Here’s how you can use the funds from the loan:
  • To expand your hospital facilities
  • To buy new equipment
  • To import high-end tools
  • To upgrade your existing hospital equipment
  • To purchase office furniture or other additions to your hospital

Flexible Repayment | Hassle-Free Process | Online Disbursement

Upgrading a hospital can be a long and arduous affair. Poonawalla Fincorp’s loan to expand a hospital makes this process easier. You can be assured of high loan amounts to purchase any equipment you need, enjoy a hassle-free experience and complete the entire process online.

    The most attractive features of Poonawalla Fincorp’s medical equipment loan for a hospital are:
  • Sizeable loan amount of up to ₹3 crores
  • Loan tenure of up to 84 months
  • Affordable interest rates depending on credit score
  • Principal moratorium of up to 2 years
  • Straightforward documentation
  • Zero hidden charges
  • Complete online process
  • Fast processing and disbursal
  • Easy 5-step loan application process
    To get a medical equipment loan for a hospital from Poonawalla Fincorp, you need to meet certain basic requirements, which include:
  • Age limit for the key applicant
  • Indian citizenship of the key applicant
  • Necessary educational qualifications
  • Minimum work experience as a doctor

Documents Required for a Medical Equipment Loan for Hospitals

    To get an equipment loan for a hospital project, you will need the following documents:
  • KYC documents such as PAN Card of the hospital, business address proof, etc.
  • Bank account statements
  • Certificate of practice

Why should I take a medical equipment loan for a hospital?
The best hospitals need the best equipment and infrastructure. With a loan for hospital equipment, you can upgrade the equipment in your existing hospital. Poonawalla Fincorp offers medical equipment loans for hospitals at affordable rates and high loan amounts.

What is the duration of a medical equipment loan for a hospital?
Medical equipment loans for hospitals are available for a maximum tenure of 84 months or seven years at Poonawalla Fincorp. The long duration ensures you have enough time to pay off your dues.

Who can apply for a loan to expand a hospital?
Any key medical practitioner can avail of healthcare equipment loan for hospitals. If registered as a business, the hospital can also avail of the loan.

What documents are required to avail of a medical equipment loan for a hospital?
You will need to submit KYC documents, bank statements and a certificate of practice to avail of the loan.

Why should I apply for a loan for hospital equipment with Poonawalla Fincorp?
Applying for a medical equipment loan for a hospital with Poonawalla Fincorp is easy, convenient and hassle-free. You can apply for the loan online and get quick approval. Documentation requirements are also minimal. The loan amount is high, interest rates are affordable, and there are no hidden charges.

How to apply for a hospital equipment loan with Poonawalla Fincorp?
You can apply for a medical equipment loan for a hospital with Poonawalla Fincorp offline or online. Visit the nearest branch for offline assistance. Log in to the company’s website and fill in the application form online if you want to apply for the loan at your convenience.

Interest Rate

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

Repayment

Flexible repayment tenure from 1 year to 7 years.

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

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