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

Upgrade Your Laboratory With a Medical Equipment Loan

Enhance your healthcare facility by upgrading your clinical laboratory. Get a Medical Equipment Loan to purchase or upgrade equipment such as X-ray machines, ultrasound scanners, CT scanners, MRI machines, ECG monitors, etc.
Apply for a Medical Equipment Loan for Laboratory with Poonawalla Fincorp to get up to ₹10 Crore with flexible tenure, attractive interest rates and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Quick
Approval
Competitive
Interest Rate
Online
Application
Minimal
Documentation
No Hidden
Charges

Online Medical Equipment Loan EMI Calculator

Plan your loan repayments using our free online EMI calculator. Simply enter data in the three fields given, and you will know the EMI amount instantly. 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 to Get a Loan for Laboratory

Meet the following eligibility criteria for swift approval:

  • Age: 25 to 65 years
  • Education: MBBS/MDS/MD/MS/BDS
  • 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 eligibility criteria in detail.

Documents Required for a Medical Equipment Loan for Laboratory

Keep the following few documents ready for a hassle-free experience:

  • KYC Documents: PAN card, Aadhaar card, Driving Licence, Passport, etc.
  • Financial Proof: Bank account statement of last six months
  • Qualification Proof: Degree Certificate and Certificate of Practice

Click to know more about documentation in detail.

Interest Rate for Medical Equipment Loan and Other Charges

Access affordable financing with our competitive interest rates. Check our interest rates and charges below:

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. + 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 Medical Equipment Loan for Laboratory

  • Expand or renovate your laboratory
  • Buy expensive medical equipment
  • Import high-end tools
  • Acquire advanced and experimental technologies

Who Can Get a Medical Equipment Loan for Laboratory?

  • Doctors
  • Diagnostic centres
  • Critical care specialists
  • Endocrinologists
  • Family physicians

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. Who should apply for a Medical Equipment Loan for Laboratory?

If you are a qualified healthcare professional looking for funds to upgrade or expand your medical laboratory, you can apply for this loan. You can use the funds to purchase various medical devices and equipment.

2. Do I need to have any qualifications to apply for a Medical Equipment Loan?

Yes, you need to have one of the following degrees and present a degree certificate to avail this loan:

  • MBBS
  • MD
  • MS
  • MDS
  • BDS
  • Other recognised degrees
3. What documents do I need to apply for a Medical Equipment Loan?

You only need to submit a few basic documents, including:

  • KYC Documents: Government-issued IDs like Voter Card, PAN Card, Aadhaar Card, Firm/Company PAN Card and Business Registration Proof.
  • Financial Documents: Six months’ bank account statements
  • Qualification Documents: Certificate of Degree and Practise

T&C Apply*