Interest Rates
Starting at 9.99%* p.a.
Tenure
Up to 84 Months
Hidden Charges
0%

Apply for a Quick Medical Equipment Loan for Hospital

Upgrade your medical infrastructure with advanced medical technology. Invest in the latest medical devices with a Medical Equipment Loan for Hospital from Poonawalla Fincorp. Get equipped to provide the best healthcare services at zero hidden charges and quick loan approval.
Avail of funds up to ₹10 Crore with affordable interest rates, flexible repayment tenure, minimal documentation, and quick disbursal. Apply now!

Why Choose Poonawalla Fincorp

Quick
Approval
Attractive
Interest Rate
Online
Application
Minimal
Documentation
Instant
Disbursal
Zero Hidden
Charges

Check EMI Amount Online With Our EMI Calculator

Estimate your loan EMIs with our easy-to-use EMI calculator. Enter the loan amount, interest rate and tenure to get results in seconds. Try it out!

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 Hospital

Meet our basic eligibility criteria to qualify:

  • 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.

Click to know more about the eligibility criteria in detail.

Documents Required for Medical Equipment Loan for Hospital

Submit only the basic documents to apply for our Medical Equipment Loan:

  • KYC Documents: Voter Card, PAN Card, Aadhaar Card, Passport or Driving License
  • Financial Details: Six-month bank account statement
  • Qualification documents: Certificate of Practice and Degree Certificate

Interest Rate and Charges for Loan for Hospital Devices

We offer Medical Equipment Loans at affordable interest rates and nominal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹2 Lakh - ₹10 Crore
Loan Processing Fees
Up to 2%
Loan Tenure
12 - 84 months
Prepayment/Foreclosure Charges
0%* if paid from own sources.
4% of the outstanding loan amount plus taxes if paid from other sources.
Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonor Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals
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 Hospital Equipment Loan

  • Upgrade hospital infrastructure
  • Purchase the latest equipment
  • Expand hospital facilities
  • Stock medical supplies

Who Can Get a Medical Equipment Loan

  • Doctors
  • Hospitals
  • Clinic owners
  • Diagnostic centres

Tips for Successful Medical Equipment Loan Application

  • Increase your CIBIL score
  • Meet the eligibility criteria
  • Furnish the required documents
  • Reduce your business liabilities
  • Provide profitable financial statements

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. What is a Medical Equipment Loan?

A Medical Equipment Loan allows healthcare professionals to purchase expensive medical equipment (new or refurbished), tools and machinery to provide better services to their patients.

2. How to use the Medical Equipment Loan EMI Calculator?

Follow the given steps to calculate EMIs:

  • Go to the EMI Calculator section on this page.
  • Enter the loan amount, tenure and interest rate to get results.

3. What are the benefits of availing of a Medical Equipment Loan for Hospital?

By availing of a Medical Equipment Loan from Poonawalla Fincorp, you get the following benefits:

  • Fast Approval
  • Zero Hidden Charges
  • Attractive Interest Rates
  • Flexible Repayment Tenure
  • Instant Disbursal
  • Minimal Documentation
T&C Apply*