Medical Equipment Financing is the loan provided for the purchase of medical equipment by creating hypothecation (HP) of same machinery.
Fixed rate of interest
Term loan on medical equipments.
Loan ranging from 5lakhs – 20 crores.
Hypothecation of machines.
Tenor 12- 84 months
LTV Max 85%
Quick turnaround time
Customized offerings to suit customer needs.
Flexibility in tenor and repayment options.
Quick turn-around time
Professional and transparent approach
Part payment facility also available.
25 years for Doctor
21 years for other partners/shareholders
Min 3 years for MD/MS/MDS/PG.
Min5 years for MBBS/BDS
From 1% to 2% of the Loan Amount depending upon case to case basis + applicable taxes
Other charges including but not limited to statutory charges such as stamp duty on documentation, Monitoring and Inspection Charges and Quality checking charges etc., as applicable, and any other charges as communicated to the customer from time-to-time by SMC FINANCE are to be payable by the client.
2% plus applicable taxes
Basic KYC Documents.
Income documents & Bank statement.
Copy of property papers to be mortgaged.
Terms & Conditions
The property must be free from any encumbrances.
The property must be mortgagble.
The loan amount is subject to the valuation of the property.
The loan funding depends upon validity of title documents of the said property and its current market value.
The Loan to value on residential Property is upto 60%, against commercial property is upto 50% and against industrial / plots (only residential or commercial) is upto 40%.