Margin
Minimum @ 25% on the assets considered eligible for loan.

Maximum Loan Permissible
As per our individual exposure norms.

Rate Of Interest
@ 14.50% p.a. on EMI basis.

Tenure
Maximum 84 months in Equated Monthly Installments including maximum 12 months moratorium period. Interest during moratorium period will be charged on monthly rests.

Checlist Of Documents, Papers etc to be forwarded alongwith Application Form

• Prescribed Application Form
• Project Report
• Registration certificate by Indian / Maharashtra Medical Council and / or Dental Council of India.
• Qualification Certificate
• Bank Statement of the borrower for last 6 months
• Net Worth form of the borrower and the guarantor(s) along with copies of I.T. returns for last 3 years & latest personal Balance sheet
• Xerox copies of property documents existing and/or proposed to be purchased which is offered as security either prime or collateral
• Estimates/ proforma invoices for the assets to be purchased
• Copies of any other security/ies offered as collateral security

Security
Prime: Hypothecation of medical equipments, apparatus, furniture & fixtures, vehicles etc. and mortgage of immovable property acquired out of the loan.
Collateral: As per our norms.

Personal Guarantee
Two guarantors with satisfactory net worth.

Share Holding
The borrowers/guarantors should become regular members of our bank. The borrowers should purchase share of our bank to the extent of 2.5 % of the total credit limit. The guarantor/s should purchase minimum 40 shares of our bank.