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Medical Equipment Finance eligibility and documents

Read on to know the criteria required to get our medical equipment finance.

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For loans exceeding Rs. 2 lakh and up to Rs. 15 crore

  • Business vintage of a minimum of 2 years
  • Documents including income tax returns (ITR), profit and loss (P&L) statement, an audited balance sheet for the last 2 years, and a current account bank statement for 6 months

Work experience

  • Doctors – A minimum of 1 year of post-qualification experience for MBBS/ MD and higher degrees
  • Other professionals – A minimum of 3 years of post-qualification experience
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Frequently asked questions

What is the maximum tenure to repay the medical equipment finance?

You can take advantage of our flexible repayment tenures ranging up to 120 months

What is the CIBIL Score required to be eligible for medical equipment finance?

A CIBIL Score of 720 or higher is required to apply for our medical equipment finance.

Do I need to provide any security to get a medical equipment finance?

You do not have to provide any collateral or security such as property or gold ornaments to apply for our medical equipment finance.

What is the maximum amount of medical equipment finance that I can get?

You can get a medical equipment finance of up to Rs. 15 crore, which you can repay comfortably over a long tenure of up to 120 months.

What are the eligibility criteria for getting medical equipment finance?

The eligibility criteria are as follows:

Nationality: Indian

Age: 18 years to 95 years*

CIBIL Score: 720 or higher

*Age should be 95 years or less at the end of the loan tenure.

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