Healthcare Business Loan - Business

Features

• Target Group :
  • Hospitals/ Nursing Homes/ Clinics/ Medical Colleges
  • Diagnostic Centres and Pathology Laboratories
  • Eye Centres, ENT Centres, Small and Medium size specialty clients like skin clinics, dental clinics, dialysis centres, endoscopy centres, IVF centres, poly clinics, X-ray labs, Yoga Centres etc.
  • Manufacturers of healthcare products/ permitted drugs/medical equipment’s.
• Facilities Available : 
  • Term Loan and/or Cash Credit
  • Cash Credit facility is capped at Rs. 5 Cr only
  • Capex LC may be provided in respect of domestic/ overseas suppliers within overall Term Loan exposure
• Quantum of loan : 
  • Minimum loan amount: > Rs 10 lacs
  • Maximum loan amount: Rs.50 Cr
• Pricing : 
  • Attractive Interest rates based on rating of the Borrower/ External Rating or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank. EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%) linked (for MSMEs) & 6 months MCLR linked (for Non-MSMEs)
• Borrower’s Margin / Contribution: 25%
• Repayment Period :
  • Cash Credit: Yearly Renewal. Repayable on demand.
  • Term Loan: Maximum period of 10 years including moratorium period. Maximum moratorium 18 months. However, in case of Equipment finance maximum moratorium will be 6 months only.
• Processing Fee/ Upfront Fee : For Cash Credit: 0.33% of the loan amount.
  For Term Loan: 0.75% of loan amount.
• Other Charges: As per Bank Guidelines which will be appraised to the borrower before sanction of loans.
• Special Feature
  • Individuals/ Proprietorship Firms/ Partnership Firms/ Corporates/ Trusts (with powers to borrow) are eligible under this product.
  • Applicant should have minimum 2 years of operations of the diagnostic centre, pathological lab, hospital, nursing home, etc. irrespective of constitution. (Experience certificate/ Registration/ Licences need to be obtained and verified to establish the experience of operations of the proposed activity.)
  • In case of financing to Hospitals/ Nursing Homes/ Clinics, the promoter should have required minimum qualification in the relevant discipline; like MBBS, BDS, BHMS, BAMS.
  • Should have the required approvals/ registrations from the statutory/ regulatory authority.