Personal Loan
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Cent Doctor Scheme

Purpose

  • Purchase of equipment, setting up of Clinic, X-ray Lab, Pathological Laboratory, Nursing Home, Poly Clinics etc., clinic-cum-residence, expansion/renovation/modernization of existing premises.
  • Purchase of vehicles, ambulance, computer etc. for medical practitioner.
  • Working Capital requirement including stock of medicine /disposables.

Eligibility

  • Individuals/Partnership/Companies/Trusts.>
  • Applicants / Promoters should have recognized qualification in any branch of medical science like MBBS /BAMS/BDS/BHMS or any recognized degree in Physiotherapy / Radiology etc and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic.
  • Partnership - Out of total partners at least 50% should be qualified and registered medical practitioners.
  • Company - At least 50% of the promoter / directors should be qualified and registered medical practitioners.
  • Trusts - Trusts should be registered and having power to borrow. At least one of the trustees should be qualified medical professional and Registered Medical Practitioner

Quantum of Loan:

  • Minimum - Rs.100,000/-
  • Maximum: Rs.5,00,00,000/-
  • Rural / Semi-Urban areas -Rs 50.00 lakh
    • Working Capital limit of up to Rs. 5 lakh
    • may be considered, if required,
    • within overall limit of Rs.50.00 lakh
  • Urban / Metro Areas - Rs.500.00 lakh
    • Working Capital Limit of up to Rs.10 lakh
    • may be considered, if required, within
    • The overall limit of Rs.500.00 lakh.
  • Margin

    • 25 % against the construction of Nursing Home/Clinic
    • 15 % against equipment

    Security

    • Primary - Hypothecation of assets acquired out of bank finance/ EM of property in case of construction of building.
    • Collateral - No guarantee /collateral for loans up to Rs.100.00 lakh, Which are to be covered under CGTMSE Guarantee only.
    • For loans above Rs.100.00 lakh, collateral up to at - Least 50% of the loan amount to be taken.

    Rate of Interest

    • MCLR+2.25 % for purchase of equipments, Working Capital etc.
    • MCLR+2.50 % for construction loan of Nursing Home / Clinic/ Clinic-cum-residence.

    Guarantee


    For loans above Rs.100.00 lakh, Personal Guarantee of all the Partners, Promoter Directors, Trustees to be taken in case of Partnership, Limited Company and Trust account respectively.

    Repayment Period

    • For purchase of equipment etc., maximum period up to 84 months including moratorium period of 6 months.
    • In case of Loan for construction of Nursing Home / Clinic-cum-residence, period of loan is 10 years maximum including moratorium of 12 months.

    Prepayment Penalty


    If loan is prepaid from own sources or by genuine sale of the unit, no prepayment charges are levied. If loan is taken over by other Bank/FI, prepayment penalty is to be levied @ 1 % on loan outstanding on the date of such take over.

    Processing Charges


    0.5% of loan amount Maximum Rs.10,000/-

    Insurance


    Comprehensive insurance of assets purchased out of bank loan including immovable property, with usual bank clause, preferably through Bancassurance.
For further details please contact our nearest branch or call on the toll free no. 1800 22 1911
Loan type Forms
Application Form 1 for Loan of Rs.5 Crore to Rs.15 Crore Download Word Document Format
Download PDF Format
Application Form 2 for Loan of Rs.15 Crore to Rs.40 Crore Download Word Document Format
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Application Form 3 for Loan of Rs.40 Crore and above Download Word Document Format
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Standardised Common Loan Application Form for Agriculture Credit Download PDF Document Form
Common Application Form (Required for all loan schemes). Download Word Document Format
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Cent Buy Download Word Document Format
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Cent Computer Download Word Document Format
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Cent Liquid Download Word Document Format
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Cent Mortgage Download Word Document Format
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Cent Trade Download Word Document Format
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Cent Vyapari Download Word Document Format
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Housing Loan Application Download Word Document Format
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Cent Home Loan Plus Download Word Document Format
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Cent Suvidha Download Word Document Format
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Cent Vehicle Download Word Document Format
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Cent Vidyarthi Download Word Document Format
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Cent School Download Word Document Format
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Teacher's Loan Download Word Document Format
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Cent Rental Download Word Document Format
Download Word Document Format
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Cent Doctor Download Word Document Format
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Cent Swabhiman Download Word Document Format
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Personal Loan for Pensioners Download Word Document Format
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Personal Loan to Employees of Corporate Sector Download Word Document Format
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Personal Loan to Employees of Non-Corporate Sector Download Word Document Format
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Loan to LIC Agents Download Word Document Format
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Loan to MSEs Download PDF Format
Cent Sahyog (form for upto 10 lakhs) Download PDF Format
Cent Sahyog (form for above 10 lakhs) Download PDF Format
Application for Agricultural Loans Download PDF Format

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