Medical Equipment Loan Interest Rates & Charges
Know all the applicable charges and cost
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Interest rate
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Processing fees
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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. |
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Other charges
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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 |