Doctor Loan

• Interest Rate / PLR
• Personal Loan
• House Rent Loan
• Short Term Edu. Loan
• Education Loan
• Doctor Loan
• Two Wheeler's Loan
• Car Loan
• Home Loan
• Gold Over Draft
• General Credit Card
• Pensioner Loan

Learn more about our Loan for Doctors Scheme under TMB Retail Loan Products.

This is the scheme which is well utilized by the doctor community to help them expand their scale of operations and provide better care and service to the patients. This loan help in the constructions / procurement of medical equipment in the hospitals / nursing homes etc.

Purpose

To construct hospital building, hospital building cum residence, setting up nursing home, polyclinics etc., for expansion / modernisation of existing hospital premises. To purchase medical equipments, X-ray units, Scanners, Computers etc. To purchase ambulance and other vehicles necessary for the hospital.

Eligibility

Individuals / Partnership Firm / Limited Company / Trust. In case of Partnership firm / Limited Company / Trust, either one of the partners / directors / trustees should be a medical practitioner or they should engage the services of Registered Medical Practitioners in the hospital.

Form of Loan

Working Capital Term Loan (WCTL) / Working Capital Demand Loan (WCDL) / Term Loan (TL) / Demand Loan (DL) / Overdraft (WC).

Loan Quantum

Limit upto maximum of Rs. 15.00 Lakhs (Working Capital Limit upto Rs. 3.00 Lakhs).

Repayment

The repayment of WCTL / WCDL / TL / DL shall be fixed on the basis of Income generation of the borrower and the repayment period shall be upto the maximum of 6 years.

Obtention of Financial Statements

Not Compulsory. If the financial statements are available, a copy of the financial statements shall be analysed. Otherwise the repayment sources may be assessed by the latest IT assessment order or having discreet market enquiry.

Security

• Primary: The assets created out of bank finance.
• Collateral: Collateral security may be insisted wherever necessary.

Insurance

Comprehensive insurance has to be made on all the assets hypothecated to the bank.

Margin

20% for equipment and construction of building.

Rate of Interest

• PLR + 0.00% (13.00% p.a.).
• PLR - Working Capital, Demand Loan & TL.
• Current Prime Lending Rate (PLR) is 13.00% p.a.

Penal Interest

Any irregularity or default in repayment will attract penal interest of 2.00% p.a. over and above the above rate of interest on the balance outstanding.

Processing Charges

As per our Bank Norms.

Documentation

Simple documents as per our Bank Norms.

All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Service Tax on All Service Charges extra wherever applicable.