Apply For Secured & Unsecured Healthcare, Hospital & Doctor Loan

(Loans starting from Rs. 10 lacs to Rs. 25 Cr)

Testimonials
Doctor Loan, Hospital Loan, Lab Loan, Medical Equipment Loan for Healthcare Business in India

(Loan From Rs. 10 Lacs to Rs. 25 Crores at Attractive Interest Rates)

Healthcare business is always in need for funds for various purposes. It can be either be for working capital needs to meet day to day operational expenses, up gradation of medical equipments, to meet increased work load or to purchase new premises for hospital or clinic. With our 10+ years of expertise in SME Finance, we understand needs of healthcare business thoroughly & we are better equipped to extend customized solutions for our clients. We arrange Doctor loan up to Rs. 25 Crores for our clients in healthcare business, from our lending partners, with the help of this technology enabled platform.

Following loans are available for Doctors, Hospitals, Clinics & Labs :
  • Doctor Loan in form of unsecured business loan up to Rs. 3 crores.
  • Hospital Loan by mortgage of Hospital Property, Nursing home, Clinic,Commercial property, Residential property, Plots etc up to Rs. 25 crores.
  • Loan for purchase of new or Refurbished medical equipments without security upto Rs.5 crores.
  • Collateral Free Loan against medical equipments, purchased within 12 months upto Rs. 5 crores.
  • Property Purchase loans up to Rs. 25 crores.
  • Purchase or takeover of other Hospital.
  • Loan against rental income from leased properties, also called Lease rental discounting (LRD) up to Rs. 50 crores.
  • Refinance and Debt consolidation loans up to Rs. 25 crores.

Doctor Loan (Unsecured Business loan ):

Unsecured business loans for doctors comes under loan for professionals without security. These loans are provided by banks & financial institutions (mostly private) to doctors, only on the financial assessment & credibility of the business or practice. No property collateral is required. The interest rates, amount of loan sanctioned, loan tenure for doctor loans are specially designed by keeping in mind the professional nature of business. We arrange unsecured business loans for Doctors, hospitals, clinics, labs, Nursing home and other business in healthcare sector, from Rs.10 lacs to 3 crores. Doctor loan can be in form of term loan or overdraft. Repayment period for term loan is normally 36 months 60 months. These funds can be used for any purpose of the business.Time required to arrange such unsecured loans is 3-10 working day.
Get more details on "Unsecured Business Loans"

Hospital Loan :

Hospital loan is a long term secured loan offered by banks & financial institutions to doctors for any of following purposes :

  • Purchase of property for hospital or clinic or Nursing home
  • Purchase / Takeover of existing hospital
  • Loan against mortgage of hospital or clinic property
  • Loan to construct hospital building
  • Loan to purchase Medical equipments

Purchase of property for hospital or clinic or Nursing home

For every Healthcare business, having self owned property is more profitable than rented property, when long term business viability is considered. Also, higher fixed assets for a company are useful for claiming higher depreciation, which results in lowering tax burden. In today's scenario, many financials institutions & private banks are ready to fund purchase of property for doctors, including commercial property, hospital property etc. At SMEFundings.com, we arrange loans from Rs. 25 lacs to Rs.25 crores for purchase of all types of properties for doctors. Properties, which are purchased for investment purpose (further lease out), can also be financed through SMEFundings.com & time required for sanction is 10-15 days.
Get more details on "Property Purchase Loans"

Loan against mortgage of hospital or clinic property

Mortgage loan is the best option to unlock high potential of property to raise loan term & low cost finance. This loan can be availed against various types of properties like Hospital, Industrial, Commercial, Residential, Plots, warehouse, Cold Storage etc, either owned by business or any of the promoters. Each property will give different loan amount, depending upon its - type, usage & current market value. The best part of this loan is that you are not required to physically hand over the property to banker after mortgage, but you can still keep its possession. Only original documents of the property are taken in to custody by banks. Financial loan eligibility will be based on business income & it will play important role in loan sanctions. Finance availed under mortgage loans can be utilised for business expansion, purchase, working capital etc. We arrange mortgage loans for Healthcare industry from Rs 25 lacs to Rs. 25 crores & time required for sanction is 7-15 days.
Get more details on "Mortgage Loans"

Medical Equipment Loans without collateral

Medical equipment loans are availed by Doctors, hospitals, nursing homes, clinics, Pathology labs, Diagnostic centres, IVF clinics, ENT clinics, Dialysis centres, endoscopy centres, medical colleges for purchasing various medical equipment for advancement in health check ups. Medical equipment are the integral part of health care sector, used as most reliable assistance for doctors. These equipment are used for diagnosis of the problem as well as for treatments. Medical equipment finance is provided by various banks and finance institutions for purchase of new or refurbished equipment like CT Scanner, Doppler, Sonography machine, MRI, Ultrasound, ECG, X-Ray ,Ventilators, Dental Equipment & all other equipment used in healthcare sector. Upgraded medical equipment are the most important assets for every hospitals or clinics as it determines how much advanced & quality treatment can be provided to patients. Timely upgrade & maintenance of medical equipment ensures that the hospital stays competitive, advanced, and profitable. At SmeFundings.com, we arrange medical equipment loans without collateral for doctors, hospitals, labs & clinics through our business partners. Application process is highly simplified with our specially designed application form which covers exclusive details to makes analysis of your proposal easy & fast. You are just required to apply online giving details of your finance requirement and we will take it further.
Get more details on "Medical Equipment Loans"

Lease Rental Discounting Loans for Doctors :

Lease rental discounting LRD loan, is comparatively easy way of obtaining finance from banks & NBFCs. This loan is sanctioned based upon the future monthly rental income over a period of time and market valuation the property offered as collateral. It is the consideration between the borrower who owns the premises, the tenant who has taken the said premises on lease and the bank or financial institution which is willing to finance against rent. SMEFundings.com gives you easy access to LRD loan through highly simplified online application form, online documentation & easy loan process for loan from Rs. 25 lacs to Rs. 50 crores & time required for sanction is 7-15 days.
Get more details on "Lease Rental Discounting Loans"

Refinance of Existing loan to reduce obligation & get Top up :

When the cash flow of Healthcare business does not match with repayment schedule, it becomes difficult to repay the loan on time. Sometimes, existing banker can not support Healthcare firms for requirement of extra loans. In such situations, small & medium enterprises can refinance their existing loans, by takeover for higher tenure (10-15 yrs) with lower rate of interest. It will help them to reduce repayment obligation , without affecting credibility. For example: Current outstanding of the loan is Rs. 12 crores, to be repaid in next 3 years i.e. Repayment obligation is Rs.4 cr per year plus interest. Refinance by new finance institution for 12 years with lower interest will give new obligation of Rs.1 crores per year plus interest. Time required for sanction of such loan transfer is 10-20 working days.

Debt Consolidation of various ongoing loans into one loan :

If the business has many loans going on (Project loans / Unsecured Loans /Equipment Loans) of different amounts and different tenures, consolidation all these loans in one loan for easy repayment and possibly making some properties free, is the lucrative option. Also, with such consolidation, repayment obligation can also be lowered & business will save on interest cost. Time required for such loan consolidation is 15-30 working days.

Documents Required for Doctor loan / Hospital Loan :
  • 2 Years Financials with IT Return, Computation
  • Last 12 months Bank Statements
  • Existing Loan Sanctions letters & Loan Statements
  • MOA/ AOA / Partnership Deed / MCA Registration
  • Highest Degree Certificate
  • KYC of Firm & Directors / Partners
  • Property Documents (if required)