

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
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
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.