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

Access Medical Equipment Loans for Doctors Instantly!

Get a Medical Equipment Loan of up to ₹10 Crore for setting up or upgrading hospitals, clinics and diagnostic centres. Enjoy hassle-free processing, simple eligibility criteria, flexible tenures and quick disbursal with Poonawalla Fincorp’s Medical Equipment Loan. Access seamless financial support with no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Higher Loan
Amount
Competitive
Interest Rate
Online
Application
Minimal
Documentation
Quick
Disbursal
Zero Hidden
Charges

EMI Calculator for Equipment Loan for Doctors

Use our online EMI calculator to determine your EMIs. Enter the loan amount, interest rates, and loan tenure to get instant results. Try now!

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

Eligibility Criteria for a Medical Equipment Loan for Doctors

Fulfil our eligibility criteria to avail the Medical Equipment Loan:

  • Age: 25 to 65 years.
  • Work Experience: Minimum 1 year of post-qualification experience for MBBS/MDS/MD/MS/BDS.
    At least 3 years of post-qualification experience for doctors having medical degrees apart from the ones mentioned above.

Note: The eligibility criteria provided are indicative. Additional eligibility conditions may be required while processing the loan application.

Documents Required for a Medical Equipment Loan for Doctors

Submit the following documents to apply for the loan:

  • KYC Documents
  • Bank Account Statement
  • Qualification Documents

Click to know more about all the documents required

Interest Rate and Charges for Medical Equipment Loan for Doctors

Avail of a Medical Equipment Loan for Doctors at competitive interest rates and nominal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹2 Lakh to ₹10 Crore
Loan Processing Fees
Up to 2%
Loan Tenure
12 to 84 months
Prepayment/Foreclosure Charges

For Full Prepayment/Foreclosure (after payment of 6 EMIs):

  • 0%* If paid from own sources.
  • 4% of the outstanding loan amount plus taxes if paid from other sources

For part-prepayment (after payment of 6 EMIs): Nil

Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonor Charges
₹500 plus applicable taxes
Other Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of Equipment Loan for Doctors

  • Upgrade Medical Equipment
  • Expand Medical Practices
  • Boost Patient Care
  • Streamline Operations
  • Improve Medical Services
  • Meet Working Capital Expenses

Tips for a Successful Medical Equipment Loan Application

  • Check the loan eligibility criteria
  • Know the price, quality and other specifications of medical equipment(s)
  • Check your credit score and repayment history
  • Collect the required documents before applying for the loan

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

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

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Frequently Asked Questions

1. Is medical equipment financing secured or unsecured in nature?

The Medical Equipment Financing for doctors offered by Poonawalla Fincorp is a secured loan.

2. What happens if I default on a Medical Equipment Loan?

Defaulting on a Medical Equipment Loan EMI results in a 24% annual penalty, while bounced cheques incur a ₹500 charge.

3. How to calculate the EMI for your Medical Equipment Loan?

To calculate your EMI amount, you can use the Medical Equipment Loan EMI calculator. Simply enter your desired loan amount, tenure and interest rate to determine your repayment amount.


*T&C apply