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Professional Loan [Doctors, Advocate and etc.] is available for purchase of building for Clinic,Dispensary,Nursing home, Private hospital,Surgical Instruments, Machinery, Furniture, Fittings etc, Registered Practitioners-Doctors, Surgeons, Pathologists can avail the loan under the scheme.
Applicant details :
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Applicant should have Savings/ current Bank account with the bank.
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Copy of registration Certificate,Degree Certificate.
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Copy of Clinic,Dispensary,Private Hospital registration certificate.
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Copy of Last two years income tax return, Pan Card
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Three Copies of Photoghraphs.
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Address proof - electric bill /telephone bill- land line (any one) As per KYC norms
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Photo proof - Pan card / Voter card / Driving license (Any one) As per KYC norms
Guarantor Details :
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Photograph-two copies
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Last tax bill
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Last income tax return copy
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Address proof - electric bill /telephone bill- land line (any one)As per KYC norms
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Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one)As per KYC norms
Conditions :
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OThe Applicant has to Provide one guarantor.
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Original documents of the property to be submitted to the bank.Registered mortgage of the property to be done in the name of bank.Bank charges will be noted in Association/Society book.
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Valuation of the Property will be required for old property.Bank will give loan of 70% of valuation amount (For old Property)
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Applicant will have to take insurance of the building/machinery/instruments in favour of bank.
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Applicant has to submit quotation for purchase of surgical instruments, machinery, furniture, fittings etc. Bank will keep margin of 30% on quotation amount. Applicant has to deposit margin money with the bank. Bank will issue banker cheque to dealer.
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Loan is to be repaid with interest within 60 mothly equal instalments in case of purchase of surgical instruments/machinery. where as loan for purchase of building for Clinic,dispensary,nursing home,private hospital is to be repaid with interest within 100 monthly equal instalments.
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Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
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Applicant has to take share @2.50% to 5.0%of the limit.
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Processing charges of Rs.1000/- will be levied on sanction.