Union Aarogyam Loan Scheme For Healthcare Sector
Union Bank of India Aarogyam loan Scheme for healthcare Sector – Check eligibility, Loan amount, Interest Rates, Processing fees and Repayment options.
Sl.No | Parameter | Details | ||||||
1. | Eligibility | a. Entities eligible for fresh lending support are:
b. All other units other than hospitals engaged in the manufacture and supply of Healthcare Services. |
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2. | Purpose | Financing under the scheme is for ramping up of COVID related healthcare infrastructure and services in the country. | ||||||
3. | Facility | Term Loan, Cash Credit, Import Letter of Credit, Bank Guarantee. | ||||||
4. | Quantum of Finance | Minimum: Above Rs 10.00 lakh
Maximum: Rs 100.00 Crore. |
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5. | Assessment | As per Loan Policy | ||||||
6. | Margin |
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7. | Charges | Processing Charges & Other Charges – 50% of the applicable charges | ||||||
8. | Interest Rate | As per IC no.2621-2021 dt.24.05.2021 – MSME – Minimum EBLR + 2.00% to 2.50% Others – Minimum MCLR + 2.00% to 2.50% |
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9. | Security | Primary Security – Assets created out of bank finance. Collateral – 25% SARFAESI compliant tangible securities unless covered under CGTMSE. |
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10. | Repayment | Term loan is repayable in 10 years including maximum moratorium period 18 months in case of Construction of Hospital/Nursing/Home/ Clinic and up to 6 months in case of only equipment finance.
Working Capital: On Demand. |