Medical Equipment Loan Interest Rates & Charges
Know all the applicable charges and cost
|Late payment penalties
Defaulting on loan EMIs attracts a penalty and penalty charges are mentioned below:
Also, in case of cheque bounce there will be a charge ₹1,000 per bounce, plus taxes as applicable.
Medical Equipment Loan – Schedule of Charges & Other Features
|Medical Equipment Loan Interest Rates||9.99% p.a onwards|
|Loan Amount||₹1 Lakh - ₹10 Cr|
|Loan Processing Fees||Minimum processing fees|
|Loan Tenure||Up to 84 months|
|Prepayment/Foreclosure Charges||0%* If paid from own sources.
4% of the outstanding loan amount plus taxes if paid from other sources
|Late Payment Charges||3% per month|
|Repayment Instrument Dishonor Charges||₹1000 per bounce plus applicable taxes|
|Stamp Duty||At actuals|
|No Other Hidden Charges|