How to apply for a medical equipment finance
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Frequently asked questions
You can take advantage of our flexible repayment tenures ranging up 3 months to 120 MONTHS
A CIBIL Score of 720 or higher is required to apply for our medical equipment finance.
You do not have to provide any collateral or security such as property or gold ornaments to apply for our medical equipment finance.
You can get a medical equipment finance of up to Rs. 30 crore, which you can repay comfortably over a long tenure of up 3 months to 120 MONTHS
The eligibility criteria are as follows:
Nationality: Indian
Age:
- Minimum: 21 years (at loan application) of Co-Applicant
- Maximum: 95 years (at loan maturity) of Co-Applicant
Entity to be taken as Primary Applicant incase lending is to Entity
If the age requirements for co-applicants are not met, additional co-applicant must be added
If the age of co-applicant is between 21yrs. to 24yrs. An additional co-applicant must be added of age 24yrs and above.
CIBIL Score: 720 or higher
*Higher age limit is applicable at the time of loan maturity.
Yes, a newly graduated doctor may be eligible for medical equipment finance, subject to the lender’s eligibility criteria, professional qualifications, income and repayment capacity. The financing can help purchase essential medical equipment for setting up or expanding a clinic, depending on the lender’s terms.
