Get Medical Equipment Loan at Competitive Interest Rates
Medical Equipment Loan could be taken by any individual who runs a clinic, owns a hospital or a diagnostic centre to upgrade their clinic/diagnostic centre/hospital or buy new equipment to provide better healthcare service. However, upgrading the infrastructure facility in your healthcare centre can be expensive, and you would need a lot of money.
Keeping in mind the healthcare professional’s financial needs, at Poonawalla Fincorp, we offer Medical Equipment Loan at the most competitive interest rates.
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Also, in case of cheque bounce, you must pay a penalty of ₹500 per bounce, plus applicable taxes. |
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Things to Know About Medical Equipment Loan Prepayment
Prepaying a loan means you repay a part of the outstanding principal amount before the end of the actual loan tenure. This is a smart way to reduce the EMI amount and save interest payments. However, you must remember the following things before prepaying a Medical Equipment Loan.
- Prepay the loan only with your own funds.
- Refer to the EMI schedule for the outstanding amount and prepay accordingly.
- Prepay the loan only if you can afford the additional expense.
- With Poonawalla Fincorp, you don’t incur any prepayment charges.
Medical Equipment Loan Foreclosure Guidelines
Foreclosing a loan means paying off the outstanding amount in a single payment. Like prepayment, foreclosing the loans allows you to save a significant amount on interest payments. However, before you foreclose a Medical Equipment Loan, consider the following guidelines:
- Do a thorough cost-benefit analysis to know how much you will save. You can use the online calculators to get accurate results.
- Assess your current financial situation to know if you can afford to foreclose the loan and its impact on your medical practice.
Frequently Asked Questions
At Poonawalla Fincorp, we offer Medical Equipment Loan to all healthcare practitioners. If you are a self-employed doctor, or dentist or own a diagnostic centre or laboratory, you can get Medical Equipment at the most affordable interest rates, starting at 9.99% p.a. and get the funds you need.
At Poonawalla Fincorp, you can get a Medical Equipment Loan of up to ₹10 Crore. Assess your loan needs and choose the right loan amount accordingly. This will help you repay the amount easily without stressing your finances.
The EMI on your Medical Equipment Loan will depend on the amount you borrow. Using the EMI calculator, you can calculate the exact amount on your Medical Equipment Loan. Just enter basic details like interest rate, loan amount and tenure in the calculator, and it will give you accurate results instantly.
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