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

Check Useful Features of Medical Equipment Loan

Unlock the borrower-friendly features and benefits of a Medical Equipment Loan to meet your diverse financial needs. Upgrade or purchase new medical equipment to effortlessly enable your dreams.

High Loan Amount

Get a loan amount of up to ₹10 Crore and turn your dreams into reality without any hassle.

Attractive Interest Rates

We offer competitive interest rates starting at just 9.99%* p.a., ensuring access to affordable loans.

Flexible Repayment Tenure

Enjoy a flexible repayment tenure of up to 84 months and plan your finances beforehand without affecting your monthly budget.

Minimal Documentation

Our loan application process is straightforward and requires only a few documents.

No Hidden Charges

Experience 100% transparency from application to disbursal.

Easy Application

Enjoy the benefit of applying for a loan online anytime, anywhere, at your convenience.

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

Frequently Asked Questions

1. What are the documents required for availing a Medical Equipment Loan?

Our documentation process is simple, ensuring that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, including:

  • KYC Documents: Government-issued IDs such as PAN card/Aadhaar card/Driving license/Voter ID/Passport (for self-employed individuals).
    Firm/Company PAN card and other Applicable registrations (for Firm/Company).
  • Bank Account Statement: Bank account statement for the last six months.
  • Qualification Documents: Degree Certificate and Certificate of Practice

 

2. Can I foreclose or prepay my Medical Equipment Loan?

Yes, you can foreclose or prepay your Medical Equipment Loan. At Poonawalla Fincorp, we don’t charge foreclosure fees if you repay the amount from your own sources. However, 4% foreclosure charges are levied along with taxes if you pay from other sources.

3. Will I get my Medical Equipment Loan approved even if I don’t have a good credit history?

No, if you have a bad credit history or defaulted on your previous loan repayments, it would be difficult for you to secure a Medical Equipment Loan.

Happy Customers, Happy Us

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