Welcome to ABL Fincorp
Loan Calculator
List Of Documents
Salaried
Proprietorship
Partnership LLP
PVT LTD Company
Home
About Us
Services
Why Us?
Contact
Home
About Us
Service
Why Us?
Contact
Hospital / Nursing Home / Diagnostic Centre
Home
Hospital / Nursing Home / Diagnostic Centre
Hospital / Nursing Home / Diagnostic Centre
MSME SECTOR
TRADERS SECTOR
MACHINERY & EQUIPMENT FINANCE FOR CONTRACTORS
HOTEL INDUSTRIES
FOOD PROCESSING UNIT, COLD Storage / Cold Chain
EDUCATIONAL INSTITUTE
PROFESSIONALS SCHEME
WOMENS SECTOR
LOAN AGAINST PROPERTY (LAP)
LEASE RENT DISCOUNTING (LRD)
OTHER SERVICES.
Hospital / Nursing Home / Diagnostic Centre
SR.NO.
PARAMETERS
PARTICULERS
1
Group / Sector
To meet the financial requirements for setting up of new/ expansion/ renovation/ modernization of Nursing Home/ Clinic / Hospital / Veterinary Hospital / Infrastructure for Medical Tourism including Pathological Laboratory, Diagnostic centres etc. To purchase medical equipments (including Vehicles, ambulances and Implants) and office equipments, viz. computers, air conditioners, office furniture, etc.
2
Eligibility
a. All practicing qualified medical practitioners holding a recognized graduate degree in any branch of Medicine/ Surgery /Dental Science / Physiotherapy/ Radiology/ Pathology /Diagnostic imaging etc with minimum qualification of : - MBBS - BAMS - BHMS - BDS - BV. Sc & AH OR - Degree in Para medical services like; - X-ray Technology and Radiology - Medical laboratory Technology - Physiotherapy - Optometry of Ophthalmic Technology c. The Repayment period shall not exceed 70 years of age of the applicant unless co-applicant has independent income to service the loan. d. All courses/degrees should be recognized by related statutory/ regulatory authorities in India
3
Type of Facility
Term Loan / Working Capital
4
Quantum of Exposure
a. Depending upon the requirement and as per the project report, maximum quantum of loan will be Rs.20.00 Crore Sub limit for the same are as under: - Working capital will be 25% of the maximum limit subject to celling of Rs. 5.00 Crore. - Term Loan up to Rs.20.00 Crore.
5
Margin
a. Term Loan : Minimum Margin for Term Loans: - For Purchase of Equipment & Vehicle : 15% - Construction / Acquisition of premises (Including/ Expansion/ Renovation / Modernization of Existing premises) : 35% - Wherever the loan is for Purchase of Site and Construction of Hospital/ Clinic, financing the Cost of Land/ Site shall be restricted to 30% of the Total Project Cost. b. Working Capital - Assessment: As per Norms prescribed in the Loan Policy.
6
Rate of Interest
As per bank policy.
7
Repayment/ Moratorium
a. Maximum 84 Equated Monthly Installments (EMI) . b. Moratorium period of Maximum up to 6 months may be permitted within Maximum repayment period of 84 months if required/ requested. Repayment period shall be based on durability and useful life of the asset. c. For new construction – Maximum 180 months period including 24 months Moratorium period. The repayment period should be co-terminus with maximum permissible age (70 years).
8
Primary Security
Prime Security in the form of Hypothecation/ Charge of assets purchased/ Created out of bank’s finance.
9
Collateral Security
a. In case of purchase of equipment / machinery / vehicles etc: Minimum Collateral requirement is 25% of the loan amount. b. Acquisition / Expansion / renovation of premises: Minimum Collateral requirement is 25% of the loan amount. In case of Mortgage of Land & Building (in the subject scheme), Value over and above Bank Finance may be considered for Collateral Security Coverage. d. Guarantee: Personal Guarantee of all co-owners of the security to be obtained. Personal Guarantee of all partners in their individual capacities in case of finance to partnership firms. Personal Guarantee of Directors / Trustees/ members in case of finance to Ltd Company / Trust/ Society. e. CGTMSE Coverage: Eligible Loans up to Rs 2.00 Crore to be covered under CGTMSE, as applicable. Hybrid model of CGTMSE may also be utilized.
Note : Conditions apply. The information provided above is only illustrative and not exhaustive.
We Are The Best Loan Provider
Contact Now
Copyright © ABL Fincorp 2022. All rights reserved.