Any Individual bonafide member of the Bank.

Term Loan

Rs. 10.00 lacs subject to the maximum of 36 times of monthly income of the respective borrower.

25% or above depending upon merit of each case.

For purchase of any medical equipments.

As per bank’s rules from time to time.

As per bank’s rules from time to time.

Upto the maximum of 120 months in suitable monthly instalments.

Hypothecation of the respective equipments financed by the Bank

Equitable mortgage of immovable property or pledge of any other tangible security acceptable to the Bank.

Two sureties of good means to the  satisfaction of Bank, preferably an      employee of any Government or Semi Government department, or Autonomous body or local bodies or Public Sector Undertakings or also of reputed Public limited Companies with at least 3 years of continuous service.

Prospective borrower must be a Graduate or Post Graduate in any branch of Medicine or Surgery from a recognized Indian or foreign university and registered with Indian Medical Association.

Atleast 5 years of working experience as Private Medical Practioner or working in any recognisedHospital of Government or Autonomous body.

Must be a Income Tax payer.

Financed equipments shall be adequately and comprehensively insured with Bank’s clause at the cost of borrower.

Payment direct to the  Vendor for full cost of the Equipment as per Performa Invoice, subject to recovery of margin money from the borrower.

Copies of Invoice and Receipt  to be obtained and kept on record till the liquidation of Bank’s entire dues.