Medical Equipment Loan Interest Rates & Charges

	Interest rate To make your loan repayment affordable, we provide a Medical Equipment Loan at a competitive interest rate.
	Processing fees We levy a minimum fee on loan sanction to handle loan processing and other administrative costs.
	Late payment penalties Defaulting on loan EMIs attracts a penalty and penalty charges are mentioned below: Penal interest: 3% charged on the defaulted EMI amount every month Also, in case of cheque bounce there will be a charge ₹1,000 per bounce, plus taxes as applicable.
	Other charges Kindly check our tariff sheet document to get more details about our other fees and applicable charges.

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	4%-1% of the outstanding loan amount plus taxes
Late Payment Charges	3% per month
Cheque Bounce Charges	₹1000 per bounce plus applicable taxes
Stamp Duty	At actuals
No Other Hidden Charges