Loan to Registered Medical Practitioners - Apna Chikitsalaya" NRI:

This is a Scheme tailor-made for Registered Medical Practitioners (available at Select Centres). Applicable to Registered Medical Practitioners holding a Bachelor's Degree in medicine from a Recognised University, having a minimum of 2 years post-qualification experience and a minimum net income of Rs.1,00,000/- p.a. as per the latest I.T. Returns. A Firm or Private Limited Company owned by such Registered Medical Practitioners is also eligible.

• PURPOSE -
  Loans to Registered Medical Practitioners for Purchase/ Construction/ Repairs/ Renovation/ Extension of Nursing Home/ Clinic/ Diagnostic Centre.

• AMOUNT OF LOAN - Rs. 2,00,000 to Rs.50,00,000/- subject to 50% of the cost of the project.

• RATE OF INTEREST - Interest @ 13.50% p.a is calculated on Annual Rests.

• TERM OF LOAN - 5 to 10 Years.

• MODE OF REPAYMENT - By Equated Monthly Instalments (EMI) - Annual Rest Basis.

• SECURITY -
  1. Equitable Mortgage of Project Land & Structures thereon.
  2. One Guarantor.

• LIFE INSURANCE COVER -
  Life Insurance Cover is not required but advisable in the interest of the Applicants.

• FRONT-END CHARGES -
  Non Refundable Administrative Fee, payable on Sanction of Loan -