Medical Equipment Loan Eligibility and Documentation
To avail of Poonawalla Fincorp’s Medical Equipment Loan, you only need to meet our simple eligibility criteria and submit minimum documentation. We ensure a quick, hassle-free, and convenient loan application process that allows you to apply for a Medical Equipment Loan within minutes.
Know Your Eligibility Criteria for a Medical Equipment Loan
| Eligibility Criteria | Requirement |
| Age | The key applicant should be a minimum of 25 years of age at the time of loan application and a maximum of 65 years of age at the time of loan maturity. |
| 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
| Document Category | Requirement |
| KYC Documents |
For Self-employed Professionals:
For Firm/Company:
|
| Bank Account Statement | Operative 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.
Steps to Apply for Poonawalla Fincorp’s Medical Equipment Loan
Apply
Online
Apply Online
Click on ‘Apply Now’ and enter contact details, loan amount, and tenure.
Personal
Details
Personal Details
Enter a few personal details.
Equipment
Details
Equipment Details
Enter technical details of the medical equipment and upload all necessary documents.
Verification
Verification
Your application will then be processed for verification and assessment.
