Healthcare Equipment Finance/Medical Equipment Loan

Healthcare Equipment Finance/Medical Equipment Loan

Medical Equipment Loan

Healthcare financing is a financial instrument that helps applicants avail of funds to improve the healthcare system by upgrading the available treatment facility.

Offering quality treatment to patients requires doctors to invest in specialized, top-notch medical equipment. From various kinds of machines like ultrasound machines, CT scanners, ECGs, X-ray machines, MRIs, angiomachines, and more, to scanners or monitors. With a hassle-free medical equipment loan from Bajaj Finserv offering funds up to Rs.150 lakh, you can easily equip your practice with the best equipment available in the market. Packed with a range of benefits, these healthcare equipment finance loans can be your go-to finance solution when it comes to paying for expensive medical equipment.

Healthcare/Medical Equipment Finance: Features and Benefits

  • Money-in-bank

    Loans up to Rs.150 lakh

    We take care of funding needs from Rs.3 lakh to Rs.150 lakh for doctors looking to purchase medical equipment. Whether you are buying new or refurbished diagnostic implements and machines, we can provide you with the healthcare equipment finance loan required for your purchase.

  • Money-in-bank

    Affordable medical equipment financing

    Fund the cost of expensive instruments easily with an affordable interest rate on your medical equipment loan.

  • Money-in-bank

    Repay over a long tenor

    Divide all your expenses into affordable EMIs that can be repaid over a tenor ranging from 3 to 96 months.

  • Money-in-bank

    Minimal documentation

    Healthcare practitioners can easily qualify for a medical equipment loan after meeting our easy eligibility criteria and submitting minimal documents.

  • Money-in-bank

    Offers personalised for you

    Healthcare finance professionals can get exclusive pre-approved offers up to Rs.45 lakh, which you can avail of by submitting only your PAN card, Aadhar card, medical degree certificate and medical registration certificate.

  • Money-in-bank

    Manage your loan online

    Access your healthcare equipment finance loan information at the touch of a button with an easy-to-use online account.

Healthcare/Medical Equipment Finance- Fees and Charges

Bajaj Finserv offers the lowest medical equipment loan interest rates. Read more about our latest rate of interest, and view the complete list of fees and charges below.

Types of Fees Charges Applicable
Rate of interest 10.49% to 16%
Processing fees 1%-2% of the sanctioned loan amount, plus applicable taxes
Stamp Duty payable/Legal, Repossession and Incidental Charges The actual stamp duty payable and the actual legal and incidental charges under the applicable law(s)
Bounce charges Rs.3000 (Inclusive of applicable taxes)
Penal interest Any delay in payment of Monthly Instalment/EMI shall attract penal interest at the rate of 2% per month on the Monthly Instalment/EMI outstanding, from the date of default until the receipt of Monthly Instalment/EMI.
Document/statement charges for statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/other documents Download your e-statements/letters/certificates at no extra cost by logging into customer portal – Experia.

You can get a physical copy of your statements/letters/certificates/other documents from any of our branches at a nominal charge of Rs.50/- (Inclusive of applicable taxes) per document.
Stamp Duty At actuals. (as per State)

Prepayment Charges and Annual Maintenance charges
Part-Prepayment charges Nil
Full Prepayment (Foreclosure) charges Nil
For Hybrid Flexi loan AMC charges 0.25 to 0.5% plus applicable taxes on the total withdrawable amount during the initial tenor.

0.25% plus applicable taxes on the total withdrawable amount during the subsequent tenor.

Note: Additional cess will be applicable on all charges in accordance with the state specific laws.

Healthcare/Medical Equipment Finance- Eligibility Criteria

To fund your medical equipment purchases, your business must be one of the following:

- Diagnostic centre
- Pathology lab centre
- Individual practice
- Specialty or super specialty hospital
- Nursing home
- Specialty clinic (like skin and dental clinics)
- Dialysis centre
- Endoscopy centre
- IVF centre

In addition, you need:

- Minimum 2 years of business vintage for a loan exceeding Rs.50 lakh
- Bank statements of at least 6 months, of an account with a commercial bank that has the majority of your banking transactions

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