1.          

  Eligibility

• Hospitals/Clinics/Nursing Homes/Diagnostic Centres, Pathology labs etc.
• Qualified Medical practitioners in the age group of 25 to 65 years.

2.          

Purpose/Facility

• Term loan for purchase/construction/renovation/expansion/modernization of premises, purchase of new Equipment’s/Ambulances/Solar power etc.
• Working capital for business requirements.
• Financing of refundable deposits (Lower of ‘6 months rent’ or Rs.30.00 Lacs) in case the hospital premises is taken on lease subject to conforming the terms and conditions of the Scheme.

3.          

Quantum

• Maximum: Rs.100.00 Crore (TL + WC)

4.          

Margin

• Equipment – 15%
• Land/Construction/Building/Renovation: 35%

(Cost of land being financed should be restricted to 50% of the Total Project Cost)

5.          

Repayment

• Maximum of 84 months including moratorium of 6 for standalone equipment/s finance and 180 months with moratorium up to 1 year in case of the Project Finance.

6.          

Security

• Primary: Charge on all the assets created out of the Bank finance
• Collateral:
  • NIL if account is covered under CGTMSE.
  • 25% for purchase of Equipment’s in case the account is not covered under CGTMSE.
  • 50% collateral in case the finance is extended for acquisition/purchase of land and construction of hospital premises.
  • No collateral /CGTMSE shall be insisted for standalone equipment finance to established hospitals satisfying the eligibility criteria stipulated by the Bank.
• No Collateral/ CGTMSE coverage shall be insisted for standalone Equipment finance to established hospitals satisfying the eligibility criteria stipulated by the Bank.

7.          

Charges

50% concession in applicable processing charges. Other charges as per extant guidelines of the Bank.