Unlock the potential of your healthcare facility with our Medical Equipment Loan. Designed for doctors, diagnostic centres, specialty clinics, nursing homes, and small to medium hospitals, our financing solutions empower you to acquire the latest medical technology. Whether you need ECG machines, MRI scanners, CT scanners, ultrasound machines, or advanced equipment like PET CT scans and linear accelerators we have you covered. Our loans cater to both Indian and imported high-end medical devices, enabling your practice to excel in fields such as radiology, cardiology, gynaecology, and ophthalmology.
Equip your facility with state-of-the-art technology and elevate your patient care with our tailored financing options to cater specific needs of the healthcare sector, our Medical equipment loan helps you to set up or upgrade your existing health care facility with modern medical equipment.
Type | Medical Equipment Loans |
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Nature of Facility | Term Loan |
Purpose | For purchase of Medical Equipments |
Funding Range | Minimum: Above Rs. 3 lacs Maximum: Upto Rs. 10 cr |
Features | Doorstep service, Minimum documentation & Quick processing |
Pricing | Competitive pricing linked to External Benchmark |
High loans to Value | 85% |
Repayment period | Loan is repayable in 1 – 7 years (including moratorium) |
Balance Transfer/Top-up | Takeover of Existing loan with additional finance |
Refurbished Equip. Finance | Loan facility also available for refurbished medical equipment through IBL authorised vendors |
DESCRIPTION | CHARGES |
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Rate of Interest | Interest Rate linked to MCLR or EBLR based on customer classification |
Non-Refundable loan Processing Charge | Upto 2% of Loan amount |
Prepayment Fees (Pre-closure or Part Payment) | 4% plus applicable taxes |
Delay EMI Payment Charges | 2% + GST on total overdue (P+I) or 100 + GST whichever is higher (Cash basis - non Ageing / on non-payment within 3 days of Due date) |
No Due Certificate/ No Objection Certificate (NOC) | NIL |
Duplicate No Due Certificate/ No Objection Certificate (NOC) | Rs.200/- plus applicable taxes |
Charges for dishonor of PDC / ECS /SI | Rs. 500/- plus applicable taxes |
PDC Swapping/Repayment mode change Charges | Rs. 500/- plus applicable taxes, per event |
Duplicate Statement Charges | Rs. 500/- plus applicable taxes, per event |
Loan Cancellation Charges | Rs. 5000/- plus applicable taxes plus interest for period of loan utilized |
Duties, Taxes | As per state/Applicable laws |
Legal Charges | As per actuals wherever applicable |
Interest Rate – Q2 2024-25 | ||
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Minimum | Maximum | Mean |
9.00% | 11.1% | 9.46% |
APR – Q2 2024-25 | |
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Minimum | Maximum |
9.00% | 11.1% |
Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.