INTERIORS AND REDECORATION
When opening a new medical office, creating a relaxing atmosphere for your patients is important. It is always nice when the place has been given a boost on the inside, like a waiting room or pantry in the waiting area. Price estimates for such improvements typically start at a lakh.
MODERN EQUIPMENT
An evolving medical practice needs advanced equipment. While modern medical equipment increased patient footfall, you need a brigade of skilled professionals to work with these equipment for the best medical care. Paying for these overhead costs out of your pocket can be overwhelming.
HIRING ADMIN STAFF
Give additional attention to your regular patients. Set up an efficient administrative staff to manage follow-ups with patients, timely reminders, keeping a track of their treatment needs and so on. This might add to your cost, but it is a fundamental upgrade.
Frequently asked questions
A salaried or self-employed doctor can apply for a loan against property as long as you meet our eligibility criteria. Your age, employment status, and city of residence are some of the key criteria.
A self-employed doctor residing in India between 25 years to 85 years is eligible for the loan against property. Other criteria like your income profile, CIBIL Score, and more are also considered during the approval process.
*Terms and conditions apply
A loan against property is a secured loan for which you mortgage your property to a lender in exchange for a substantial loan. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's valuation, and the lender's loan-to-value ratio.
You can repay the borrowed sum over a convenient repayment tenure of up to 15 years.
The CIBIL Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a CIBIL Score of 700 or higher.
