Loan Amount
Up to ₹10 Crore
Loan Tenure
Up to 84 Months
Interest Rate
9.99%* p.a. onwards

Minimum Eligibility for a Medical Equipment Loan

Tailored to meet the financial requirements of healthcare practitioners, proprietors, partners and owners, our Medical Equipment Loan comes with simple eligibility criteria and minimal document requirements.

Eligibility Criteria
Requirement
Age
Between 25 and 65 years.
Work Experience
MBBS/MDS/MD/MS/BDS: Minimum 1 year of post-qualification experience.
Others: Minimum 3 years of post-qualification experience.

Note: The eligibility criteria mentioned above are indicative. Additional requirements may be specified during loan processing by Poonawalla Fincorp.

Documents Required for a Medical Equipment Loan

Submit only the required documents to qualify for a hassle-free Medical Equipment Loan:

  • KYC Documents

    • For Self-employed Professionals:
      • PAN card/Aadhaar card/Driving License/Voter ID/Passport
      • Residence Address Proof: Electricity bill/Rent agreement/Passport
      • Business Address Proof: Electricity bill/Rent agreement
    • For Firm/Company:
      • Business address proof and other applicable registrations
      • Proprietor/Partner/Director: PAN card/Aadhaar card/Driving License/Voter ID/Passport
      • Residence Address Proof: Electricity bill/Rent agreement/Passport

  • Bank Account Statement: Bank account statement from the last 6 months.
  • Qualification Documents: Degree Certificate and Certificate of Practice.

Note: The above-mentioned list of documents is indicative. Additional documents may be required during loan processing.

Medical Equipment Loan EMI Calculator

Calculate your Medical Equipment Loan EMIs to plan your monthly budget. Enter the loan amount, interest rate, tenure to view the EMI.

Optimise Your Medical Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹200000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Medical Equipment Loan in Just 3 Steps

Click on ‘Apply Now’

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your personal, contact, and technical details of the medical equipment.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly

Get exclusive offers thoughtfully customised just for you

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Do I have to make a down payment to get a Medical Equipment Loan?

No, you don’t have to make a downpayment while availing yourself of a loan.

What is the credit score required to be eligible for a Medical Equipment Loan?

A credit score of 750 and above is required to be eligible for a Medical Equipment Loan.

What are the various charges associated with Medical Equipment Loan?

You will be charged a nominal processing fee to avail of a Loan to purchase medical devices from Poonawalla Fincorp.

Happy Customers, Happy Us