Scribd Logo
Upload

Welcome to Scribd!

  • 103 views

    Baroda Loan To DOCTORS PDF

    Uploaded by

    Arun Ravindra Bharat Bodanki
    This document outlines the features of a loan program for doctors offered by Baroda bank. The loan can be used for setting up or expanding medical clinics, purchasing equipment, vehicles, and for working capital. Individual doctors, medical firms, and companies are eligible if they have the proper qualifications. Interest rates start at the bank's MCLR rate plus a spread. Security includes life insurance policies, bonds, bank deposits, and land and building documents depending on the loan amount. The repayment period is 12 months for overdraft and up to 60 months for term loans.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Baroda Loan To DOCTORS PDF

    Uploaded by

    Arun Ravindra Bharat Bodanki
    103 views1 page
    This document outlines the features of a loan program for doctors offered by Baroda bank. The loan can be used for setting up or expanding medical clinics, purchasing equipment, vehicles, and for working capital. Individual doctors, medical firms, and companies are eligible if they have the proper qualifications. Interest rates start at the bank's MCLR rate plus a spread. Security includes life insurance policies, bonds, bank deposits, and land and building documents depending on the loan amount. The repayment period is 12 months for overdraft and up to 60 months for term loans.

    Original Title

    Baroda loan to DOCTORS.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document outlines the features of a loan program for doctors offered by Baroda bank. The loan can be used for setting up or expanding medical clinics, purchasing equipment, vehicles, and for working capital. Individual doctors, medical firms, and companies are eligible if they have the proper qualifications. Interest rates start at the bank's MCLR rate plus a spread. Security includes life insurance policies, bonds, bank deposits, and land and building documents depending on the loan amount. The repayment period is 12 months for overdraft and up to 60 months for term loans.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    103 views1 page

    Baroda Loan To DOCTORS PDF

    Uploaded by

    Arun Ravindra Bharat Bodanki
    This document outlines the features of a loan program for doctors offered by Baroda bank. The loan can be used for setting up or expanding medical clinics, purchasing equipment, vehicles, and for working capital. Individual doctors, medical firms, and companies are eligible if they have the proper qualifications. Interest rates start at the bank's MCLR rate plus a spread. Security includes life insurance policies, bonds, bank deposits, and land and building documents depending on the loan amount. The repayment period is 12 months for overdraft and up to 60 months for term loans.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    BARODA LOAN TO DOCTORS

    FEATURES PARTICULARS
     Demand
    Nature  Term Loan
     Overdraft
     Development of clinic / Clinic-cum-residence, Nursing Home, Pathological Laboratory.
     Purchase of medical / diagnostic equipments.
     Setting up of operation theatre.
     Purchase of office equipments viz. computers, fax, airconditioners and furniture etc.
    Purpose
     Purchase of car, ambulance, etc.
     Expansion/ renovation/ modernization of existing premises/Clinic/ Nursing Home.
     Outright purchase of premises for clinic/ nursing home, ready for possession.
     Working Capital requirement including stock of medicines.
    Min : 50000
    Max : R/SU - 15 lakhs (max 1 lakh for W/c )
    Limit
    M/U – 50 lakhs (max 3 lakhs for W/c)
    (Min period of establishment 3 years for loan of Rs.5 lakhs and above.)
     Individuals, Proprietorship/ Partnership firms, Private Limited companies engaged in
    providing medical / pathological/diagnostic services to the society.
     Applicants/Promoters should have recognized qualification in any branch of medical
    Eligibility
    science like MBBS / BAMS / BDS or any degree/ course in physiotherapy/ radiology etc.
     In case of Private Limited Company, the object clause should be verified for having the
    objective of providing medical services to the community.
    Upto 2 lakhs : MCLR + SP + 3.00%
    Rate of Interest
    Above 2 lakhs : MCLR + SP + 2.50%
    Penal Interest 2% on overdue amount
    Upto 5 lakhs (without collateral) 25%
    Margin on
    Others 15%
    Project cost
    Working capital NIL
    Credit Limit As per project finance need and repaying capacity based on expected income.
    assessment For W/C : 10% of projected gross income
    Upto 5 lakhs NIL
    L&B Valuation at least once in 3 yrs from 50%
    Security
    (excl agri land) approved valuer.
    &
    Above 5 lakhs LIC In the name of applicant only. 15%
    Margin
    NSC/Govt. Bonds 15%
    In the name of app/co.app/gaurantor
    Bank FDRs 10%
    Overdraft for working capital : 12 months
    Period
    Demand/Term Loan : 60 months incl 6 m moratorium.
    Charges 0.35%, subject to max of 15000+GST (unified processing charges)
    Scheme Codes LA151 , OD009
    (For further details please refer circular no.BCC:BR:107/455 dated 01.09.2015)

    You might also like