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

Effortless Funding Solution for Medical Equipment

Upgrade your hospital, clinic, or diagnostic center in just a few clicks. Meet your business needs with a Medical Equipment Loan of up to ₹10 Crore at attractive interest rates with minimal documentation from Poonawalla Fincorp. Get the latest technology and advanced equipment, meet working capital needs and more. Take a step closer to fulfilling your dream with your trusted loan partner.

Why Choose Poonawalla Fincorp

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

Medical Equipment Loan EMI Calculator

Plan your EMIs with our EMI calculator. Calculate the principal amount and interest payable for selected loan tenure and plan your EMIs, ensuring you are well-equipped to manage your monthly budget.

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

Secure a Medical Equipment Loan with our simple eligibility criteria.

  • 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.

Documents Required for a Medical Equipment Loan

Apply for a Medical Equipment Loan online with the following documents:

  • KYC Documents (self-employed, firm/company)
  • Bank Account Statement
  • Qualification documents

Know more about documentation.

Medical Equipment Loan Interest Rate & Charges

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹2 Lakh - ₹10 Cr
Loan Processing Fees
Up to 2%
Loan Tenure
Up to 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

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

What is a Medical Equipment Loan?

A Medical Equipment Loan is specifically offered to healthcare professionals or owners, partners, and proprietors who wish to upgrade their existing medical facilities or buy new medical equipment to provide better medical service to their patients.

What is the maximum Medical Equipment Loan you can avail?

With Poonawalla Fincorp, you can get a loan of up to ₹10 Crore for the purchase of medical devices . You can use the amount to buy new equipment, upgrade your medical practice facility, etc.

Do I have to pay any application fee to get a Medical Equipment Loan online?

No, you do not have to pay any application fee to get a Medical Equipment Loan from Poonawalla Fincorp. However, a nominal processing fee is levied after you get the sanction.