Medical Equipment Finance Scheme

Minimum 15 of the margin has to be paid by the customer under medical equipment finance.

Medical equipment finance scheme. Under the scheme banks will give out concessional loans at a maximum end user rate of three per cent for five years to hospitals and medical centers to purchase medical equipment and set up. Applicants applying for an amount that is in between rs. 50 000 and five lacs generally meant for existing business owners looking for growth and proper. Purchase standard medical equipment including ct scanners colour dopplers sonography machines mri machines and x ray machines.

Applicants applying for an amount more than rs. Loans for doctors this is a loan that can be taken by doctors who intend to open their own medical facilities. Most websites only mention the lowest possible rate to draw you in so make sure to call to get actual pricing before jumping in. Asset medical equipment finance.

Business loans for medical stores equipment are offered under following categories. Medical equipment financing loans leasing rates if you don t want to or can t use a bank or dealer you should start researching medical equipment loans or leasing. What security is required by the smc finance. Purchase or set up new premises such as clinics diagnostic centres and hospitals.

50 000 generally start ups or micro business owners. Medical equipment loans are just one type of a loan offered under the umbrella of healthcare loans but they too can be categorised into 3 main types. Balance transfer of existing term loans or working capital. Original invoice to be hypothecated to smc finance and loan cum hypothecation agreement to be signed by the customer.