Get a Medical Equipment Loan up to ₹10 Crore
Medical Equipment Loan caters to the financial needs of healthcare practitioners like doctors, dentists, etc. It provides a viable financial solution to help set up and/or upgrade a hospital, clinic, and diagnostic centre with the latest technology and advanced equipment needed to provide excellent medical services.
At Poonawalla Fincorp, we offer Medical Equipment Loan of up to ₹10 Crore with no hidden charges. Get a hassle-free with minimal documentation, simple eligibility criteria, and flexible EMIs. Apply now!
Features and Benefits of Medical Equipment Loan
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Instant Disbursal
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Minimal Documentation
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Zero hidden charges
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Flexible EMIs
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No End Usage Restriction
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Easy Application
- Instant Disbursal : Get the loan directly into your bank account after verification.
- Minimal Documentation : Provide your KYC documents and address proof.
- Zero hidden charges : All fees and charges are disclosed.
- Flexible EMIs : Repay the loan at your convenience with a loan tenure of up to 84 months.
- No End Usage Restriction : Use the loan to meet any financial requirement.
- Easy Application : Just hit the ‘Apply Now’ button to get a Medical Equipment Loan!
Eligibility Criteria
Our Medical Equipment Loan criteria are minimum, so you get maximum benefits.
- Age : Between 25 and 65 years.
- Work Experience : Provide your KYC documents and address proof.
Note : The eligibility mentioned above list is indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
Documents Required
Our simple documentation process ensures that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, including:
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KYC Documents (Self-employed)
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KYC Documents (Firm/Company)
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Bank Account Statement
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Qualification Documents
- KYC Documents (Self-employed) : PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- KYC Documents (Firm/Company) : Other Applicable Registrations.
- Bank Account Statement : Bank account statement for the last six months.
- Qualification Documents : Degree Certificate and Certificate of Practice.
Note : The above-mentioned loan documents list is indicative. Additional documents may be required during loan processing.
Medical Equipment Loan Interest Rates & Charges
When you apply for a Medical Equipment Loan, you must know the associated charges to get a clear picture of the overall borrowing cost.
| Interest rate | The interest rate is competitive, starting at 9.99% p.a. |
| Processing fees | You pay minimal loan processing fee and other administrative expenses. |
| Default Charges | Every time you default the EMI payment, you pay a 24% per annum penalty. Also, in case of a cheque bounce, you must pay a ₹500 penalty. |
| No Other Hidden Charges | |
EMI Calculator
When applying for a Medical Equipment Loan, you must know the applicable EMIs and plan your finances accordingly. An online Medical Equipment Loan EMI calculator helps compute the monthly outgo. Enter three essential details:
- Loan Amount
- Loan Tenure
- Interest Rate
The calculator will instantly show the exact EMI amount on your selected loan amount and tenure.
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EMI Amount = *
Apply for a Medical Equipment Loan Online in 4 Easy Steps
Apply
Online
Apply Online
Click on ‘Apply Now’ and enter contact details, loan amount, and tenure.
Personal
Details
Personal Details
Enter a few personal details.
Equipment
Details
Equipment Details
Enter technical details of the medical equipment and upload all necessary documents.
Verification
Verification
Your application will then be processed for verification and assessment.
Frequently Asked Questions
With Poonawalla Fincorp, you can get a Medical Equipment Loan up to ₹10 Crore. You can use the amount to buy new equipment, upgrade your medical practice facility, etc.
No, you need not pay any application fee for getting a Medical Equipment Loan. However, you must pay a minimum processing fee after you get the sanction.
A Medical Equipment Loan is specifically offered to healthcare professionals who wish to set up a new clinic, upgrade their existing medical facility, or buy new medical equipment to provide better medical service to their patients.
*Terms & Conditions Apply
