Hospital Construction Loan
Hospital Construction Loan
This loan can be used by practicing and consultant doctors. They can use this loan to purchase medical equipment, set up clinics, expand existing premises, and do other activities related to the medical profession like hospital construction loan care, physician or dental care, and prescriptions. healthcare means any medical procedure to improve a person’s well-being, health care financing refers to the money required to manage these medical resources.
Features and benefits of business loans for hospitals:
Quick approval: Loan approved within 24 hours with quick online processing.
Flexible tenures: Choose your tenure to repay your loan for up to 96 months according to your comfort.
No collateral required: Obtain a loan for your business without pledging any collateral.
Money in 24 hours: Get your loan amount to your bank account within 24 hours of loan sanction.
Flexible payments: You can choose to pay the interest only in EMIs for the initial months of the hospital construction loan tenure.
What are the eligibility criteria?
The following are the eligibility criteria that are to be met to secure a healthcare business loan:
- You should be a residing citizen of India
- You should hold a degree in any of the following:
- MD/ DM/ MS – Super specialist doctors
- MBBS – graduate doctors
- BHMS/ BAMS – Ayurvedic/ Homeopathic doctors
What are the documents required?
The documents required are few and simple:
- KYC documents
- Ownership proof - office/residence
- 6 months bank statement
- Medical registration documents
- Last 2 years ITR along with P&L statement and balance sheet
- PAN Card required for entity and all Individuals
- Qualification proof - degree certificate or passing certificate
