Naini Health Care Scheme (Loan for Medical Equipments or Working Capital Requirement)

Purpose

To finance for purchase of various surgical equipment, construction, addition, alteration, renovation, furnishing of Clinics / Nursing Home / Medical Centers (Including Land for Clinics / Nursing Home / Medical Centers and to meet out working capital requirement of the hospital/ nursing home etc.

Eligibility:

Any individual having a Bachelors/Master’s Degree in the field of Medical Sciences like MBBS/ MS/ MD/ BDS/ MDS from a University recognized by Medical Council of India / Government of India

OR

Any Company, Society or Firm engaged in Medical Services, provided at least one of its Directors/ Members/ Partners possesses above qualification.

Experience :

2 years practical experience as a practicing doctor (in the case of loans to individuals).

Maximum Amount of Finance :

Term Loan: Up to Rs. 400.00 lakhs

Overdraft: Up to Rs. 50.00 lakhs

Total Amount of facility: Up to Rs. 450.00 lakhs

Margin :

15% to 50% depending upon purpose of loan

Features :

Credit Facility in form of term loan and overdraft.

Repayment period of 120 months for term loans and 12 months for OD (subject to annual review).

NO Collateral security required for credit facility up to Rs.10.00Lakh

No Pre-payment/Pre-closure Charges shall be levied if repaid from own sources or internal cash accruals.