Q. What is Healthcare Loan?
A. Healthcare Loan is a credit offered to doctors, clinics, eye focuses, diagnostics focuses and nursing homes and so forth, for buy of medicinal gear, renegotiate on existing sans lien medical equipment or development of existing social insurance offices and so on.
Q. Who can avail Medical Equipment Loan?
Any independently employed doctor with an experience of 3 years
Any organization, trust, society and Pvt Ltd. organization in social insurance administrations
Q. Will I need to open an account with the bank to get this loan?
A. That is a matter of bank approach and some banks may oblige you to open a record with them to take this loan.
Q. What amount of the required sum will I get?
A. The greater part of the times you may not get spread for the whole sum but rather you will in any case get a rate of what you requirement for the whole venture.
Q. Will I get the cash in a single amount?
A. While some banks may give the assets in a single amounts different banks offer it in portions to pay for incredibly.
Q. How would I pay the loan back?
A. The loans can be paid back by means of post-dated checks, electronic freedom or standing directions.
Q. Do these loans accompany letters of credit?
A. Letters of credit are liable to the bank’s arrangements however there are some banks that do offer them with the loan.
Q. Consider the possibility that my record of loan repayment is bad. Will regardless I get the loan?
A. No. The vast majority of the banks demand that you and the co-candidates for the loan have no defaults in the record of loan repayment.
Q. Consider the possibility that I need to take the loan for more than 7 years; would I be able.
A. Yes. Some banks offer residencies of 10 years as well. You can approach them for the loan.
Q. Is it essential for me to have an underwriter?
A. No. The requirement for an underwriter is resolved in view of the sum you need to get and the bank’s approach.