Corporation Bank – Corp Doctor Plus Scheme
- If you are registered Medical Practitioner /Physiotherapist you can get the loan
- Interest Rates = 11.65% to 12.40%
- Loans upto Rs.5 crores. (medical equipment – Rs.2.5 crore maximum)
- Professionals managing Medical Diagnostic Centers & Testing Labs
- Third party guarantee is required for loans which are not covered under CGTMSE Scheme.
- Nil Prepayment charges
PNB SANJEEVANI – Doctors loan
- Eligible – Qualified Doctors (Allopathic, Unani, Ayurvedic, Homeopathic) & registered practitioners, having minimum qualification: MBBS/ BAMS/ BDS/ BHMS/BUMS, Individuals/ Partnership/ Ltd Liability Partnership/Pvt. Ltd.Co/Ltd.Co/ Trust.
- Interest Rates starts from 11.85%
- Minimum loan amount is Rs.1 lakh
- Maximum loan amount is need based.
- 7 years maximum repayment period
- up to 20% waiver in processing fee if applied online
Allahabad Bank Loan Scheme for Doctors/ Medical Practitioners
- Purpose: purposes for meeting expenses of professional requirement.
- Eligibility: Individual Doctors & Medical Practitioners. Maximum age: 65 years on date of sanction of loan.
- Maximum loan amount upto Rs.5 lakh
- Interest Rates starts from 14.70%
- Maximum repayment period upto 5 years
- Processing fees – 1.20% of loan amount, minimum Rs.600/-
- Prepayment penalty – 2.20% of outstanding balance.
Canara Bank – Doctor’s Choice
- Purpose: equipment purchase, Setting up of Clinic, X-ray lab, Nursing Home, etc.
- Eligibility: All qualified registered medical practitioners, established practice / experience of minimum 3 years.
- Maximum loan amount Rs.10 lakh
- Repayment options avail upto 7 years
- Interest Rates = 10.40% to 11.65%
We sincerely hope that this article helped you in your efforts in raising the finance for your dental practice. But once you raise the money, you also need to know how to manage the money. Read this article where experienced dentists have explained How to Manage Money for a success in dental career.
