All you need to know about our medical equipment finance

Medical Equipment Finance can help healthcare businesses purchase or upgrade essential equipment without paying the entire cost upfront. The financing can be used for eligible medical machinery and equipment, subject to applicable assessment.

• Loan amount from Rs. 2 lakh to Rs. 30 crore
• Repayment tenure from 3 months to 120 months
• Interest rate of up to 14.25% per annum
• Financing of up to 100% of equipment value, subject to applicable terms
• Doctors and non-doctor promoters of healthcare facilities can apply
• No collateral or security is required
• Term Loan and Flexi Hybrid Loan options are available
• Approval in 48 hours*, subject to verification and documentation

Before applying, consider the equipment cost, expected business income, EMI and total repayment. You can check your eligibility to understand the available offer.

Last updated: September 2026

Doctors and eligible non-doctor promoters of healthcare facilities can apply for Medical Equipment Finance, subject to the applicable eligibility requirements.

If the lending is to an entity, the entity may be taken as the primary applicant and applicable co-applicant requirements may apply.

Eligibility is assessed using multiple factors. Your credit profile, professional or business background, income, existing obligations and repayment capacity may influence the final offer.

To apply for our medical equipment loan, you need to submit the following documents:

• Individual and business PAN card
• Aadhaar card
• Current account bank statements for the last 6 months
• Business vintage proof
• Degree certificate
• Certificate of practice, if applicable

Medical equipment loan is a convenient and affordable way to finance the purchase of new or refurbished medical equipment for your healthcare business. It can help you improve the quality of your services, increase your revenue and stay ahead of the competition. Whether you need to buy a simple examination table or a sophisticated MRI machine, we have the right loan solution for you. 

The interest rate for Medical Equipment Finance can be up to 14.25% per annum. The applicable rate may vary based on the applicant's financial profile and other lending considerations.

Factors that may influence the applicable rate include:

• Credit profile
• Income and repayment capacity
• Existing financial obligations
• Business profile
• Loan amount
• Selected repayment tenure
• Applicable lending assessment

When evaluating the cost of financing, consider the interest rate along with processing fees, applicable charges, EMI and total repayment amount.

Your EMI depends on the amount borrowed, applicable interest rate and repayment tenure.

EMI = P × R × (1 + R)^N ÷ [(1 + R)^N – 1]

Where:

• P = principal loan amount
• R = monthly interest rate
• N = total number of monthly instalments

For example, suppose Dr. Rohan wants to purchase medical equipment costing Rs. 50 lakh. If he borrows Rs. 50 lakh at an illustrative interest rate of 11% per annum for 36 months, the EMI would be approximately Rs. 1.64 lakh per month.

Use the Medical Equipment Finance EMI Calculator to estimate your instalments and compare repayment scenarios.

Medical Equipment Finance can help healthcare businesses manage large equipment purchases while preserving available business funds.

• Loan of up to Rs. 30 crore

  Get funds from Rs. 2 lakh to Rs. 30 crore through an end-to-end online application process to manage your medical equipment costs.

• Flexible tenures of 3 months to 120 months

  Repay your loan comfortably with extended repayment tenures of 3 months to 120 months

• Approval in 48 hours*

  The 48 hours*disbursal timeframe is an estimate and may vary depending on verification processes, application timing, and additional documentation.

• No hidden charges

  The fees and charges are mentioned upfront in all the loan documents and on this page. We advise you to read them in detail.

• End-to-end online application process

  You can apply for our medical equipment loan from the comfort of your home or from wherever you are.

• Pre-approved offers

  We provide pre-approved offers to select customers. Check your offer by simply entering your mobile number and OTP.

  Bajaj Finance offers loans up to 100% of equipment value.

*Terms and conditions apply

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

Here is the step-by-step process to apply for Bajaj Finance Medical Equipment Finance:

1. Visit the Bajaj Finance Medical Equipment Finance page.
2. Select the option to apply or check your offer
3. Enter your 10-digit mobile number and complete OTP verification
4. Provide your basic personal, professional and financial details
5. Enter the required loan amount
6. Select the available repayment tenure and loan variant
7. Complete KYC and submit the required documents
8. Review the available loan offer and applicable terms
9. Proceed with the application as applicable

The loan amount may be transferred or paid to the relevant manufacturer or dealer after successful verification, depending on the nature of the medical equipment financing. Medical Equipment Finance can help eligible healthcare professionals and facility promoters fund significant equipment purchases while spreading repayment over a selected tenure. Compare the equipment cost, applicable interest rate, EMI, fees and total repayment before proceeding.

Check your Medical Equipment Finance eligibility now and review the available offer.