INTERIORS AND REDECORATION
When you start a new practice, you need to make sure that your clinic looks plush. Good interiors, elegant decor, and basic amenities like a washroom, and pantry are some prerequisites. These additions can cost a few lakhs.
MODERN EQUIPMENT
Upgrading with modern equipment is the smartest way to enhance your healthcare offerings. You will also need well-trained staff who will operate these machines. All these things can cost you tens of lakhs each and every single month.
STOCKING THE PHARMACY
These days, almost all hospitals and other medical facilities have their own pharmacies for a variety of reasons. By maintaining a well-stocked pharmacy, you can save your patients time and effort, which is always appreciated.
Frequently asked questions
It is recommended that you choose a loan against property balance transfer when your present loan against property lending terms are no longer feasible for you. Transferring your loan against property balance to a different lender may entitle you to competitive interest rates, longer repayment tenure and a top-up loan.
Anyone with an existing loan against property can apply for a balance transfer with us. Your age, employment status, and city of residence are some of the key criteria to apply for the loan.
A self-employed doctor, who is an Indian citizen residing in India, between the age group of 25 years to 85 years is eligible for the balance transfer. Additionally, you must hold an MBBS or subsequent higher degree. You should also have a business continuity of over 5 years in your current practice.
*Terms and conditions apply
If you are planning to apply for a loan against property balance transfer, you must be ready with some basic paperwork. A self-employed doctor should have their KYC documents, proof of income (P&L statement and ITR), property documents like title deeds, account statements for the past 6 months, and proof of medical practice existence, handy.
You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years*.