Catholic Syrian Bank Doctor Loans | Scheme | Security
Catholic Syrian Bank provides finance to Doctors, Hospitals and Nursing home to buy hospital equipments, build new hospitals, renovate or expand the existing ones.
Who can avail this scheme ?
Doctors, small hospitals, nursing home etc., which are organised as private/public limited companies, partnership/proprietary concerns, or trusts which have facilities for diagnosis and treatment of indoor as well as outdoor patient with 10 or more beds.
Areas covered under project cost
| v | Land & Building. |
| v | Equipments required for medical treatment. |
| v | Office equipments etc. |
Quantum Period
The quantum will be assessed depending upon individual project requirements commercial viability of the scheme, capacity of the parties to repay the advance and the amount of surplus cash generated out of the scheme.
| v | A minimum margin of 25% will have to be maintained. |
Repayment Period
The period of repayment will be assessed depending on the project, its income-generating capacity and the repaying capacity of the applicant .
| v | Maximum repayment period is 8 years. |
Security
Assets created out of the credit facilities and other securities deemed necessary depending upon merits of each individual case
General
In case the promoters themselves are not doctors,the project should have back-up services of atleast one post graduate doctor (M.S,M.D, etc.) The hopital should be willing to provide medical services at concessional rates to patients from low income groups.
