How to Apply for Medical Equipment Finance

Apply for medical equipment loan financing of up to Rs. 30 crore, with repayment tenures ranging from 3 months to 120 months, subject to applicable terms and eligibility criteria.

• Loan amount: Medical equipment finance can provide funding of up to Rs. 30 crore for eligible applicants.
• Repayment tenure: Applicants can select a repayment period ranging from 3 months to 120 months.
• Application mode: The application process is online and begins with mobile number and OTP verification.
• Who can apply: Doctors, hospitals, nursing homes, diagnostic centres and medical laboratories may apply, subject to eligibility requirements.
• Disbursal: After successful document verification, the approved loan amount is transferred to the equipment manufacturer or dealer, as applicable.

To begin, click 'APPLY' on this page and complete the OTP-based entry process to apply through Bajaj Finance.

Step-by-step guide to apply for a medical equipment finance

1. Click on the 'APPLY' button on this page.
2. Enter your 10-digit mobile number and OTP.
3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
4. Once you enter all your details, please click on 'PROCEED' to visit the loan selection page.
5. Enter the loan amount that you need.
6. Choose the repayment tenure – you can select tenure options of 3 months to 120 months and click on 'PROCEED'.
7. Complete your KYC and submit your medical equipment finance application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

You must meet the applicable eligibility criteria and submit the required documents to apply for medical equipment finance through Bajaj Finance. Additional documents may be requested during the application process.

Eligibility criteria

• 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: 650 or Higher or higher

  
  

*Higher age limit is applicable at the time of loan maturity.

Documents required

• Individual and business PAN card

• Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card

  If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents.

• Current account bank statements for the last 6 months
• Business vintage proof
• Degree certificate
• Certificate of practice, if applicable
• Recent colour photograph (Mandatory)

*Any additional documents that may be required will be communicated during the loan application process.

Check your eligibility for medical equipment finance and take the next step towards upgrading your medical practice.