Frequently asked questions
It's a good idea to figure out your EMIs before applying for medical equipment finance. Although you can do it manually, a medical equipment finance EMI calculator might assist you in finding a more precise number. You only need to choose the loan amount, tenure, and interest rate to find out the exact EMI.
Using an EMI calculator is quick and easy. The loan amount, repayment period, and interest rate can all be changed using the slider. Once you have chosen these three elements, your EMI will be shown on the screen. EMI calculator is freely accessible and can be used anytime.
Doctors and other individuals who run healthcare facilities can get a Bajaj Finserv Medical Equipment Finance to buy medical equipment.
You can apply for medical equipment finance of up to Rs. 6 crore. The loan can be comfortably repaid over a lengthy period of up to 7 years.
If you miss your EMI payment for any reason, you will have to pay EMI bounce charges. Since the EMIs stay the same, the tenure will also get longer. Please remember that skipping EMIs affects your creditworthiness and could hurt your credit score.