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Running a hospital, clinic, or nursing home is a task that requires funding for the services to operate smoothly. The inexorable process of saving lives requires up-to-date and superior technology to offer dextrous services to society. Therefore hospitals are the first place that needs to have cash reserves for collateral growth.
A hospital loan is a type of business loan that extends financial services specific to your capital requirements and business infrastructure. From financing medical equipment, staff salaries, and utilities, to infrastructure or construction loans, all needs of a healthcare business can be satisfied with this type of loan. As a result, you can confidently move forward with your plans to improve or expand your hospital, secure in the knowledge that you have the funding you need to make your vision a reality.
If you have a project set for hospital construction, rehabilitation, acquisition, refinancing, or all of the mentioned, we have it all. Not all bankers and NBFCs offer loans to hospitals, but with the right lender and offer, you are sure to reserve some capital on your loan for your next project, thus saving resources and maintaining positive cash flow.
We offer competitive rates and flexible repayment terms, so you can focus on what’s important: providing quality care for your patients. Contact us today to learn more about our MSME loan for hospitals and how we can help you grow your business.
Zero-Collateral Options
Find zero-collateral hospital loan options on an MSME loan for hospitals up to 30 lakhs to ensure the safety of your assets without losing the liability of your personal favorites.
Hospital Working Capital
A hospital loan acts as a type of loan that can be used for any of your business needs from clearing debts, abridging gaps, expanding infrastructure, renovating spaces, adding equipment, paying staff, and extending business opportunities to the overall growth of your healthcare establishment.
Minimal Documentation Process
The minimal documentation process on the loan type will help business owners avail of a hospital loan quickly and with ease.Â
Quick Disbursal
Get your MSME loan for hospitals approved quickly within a few minutes to a few hours and get your funds deposited to your bank account within 24 hours of approval, everything online.
High LTV
Desirable profile owners can get an MSME loan for hospitals of up to 100 crores with Loanz360 financial partners.
Flexible Repayment Facility
There are several tenor options available on the hospital loan type and the business owners can choose their tenor of up to 8 years, some extending to 10, depending on their requirements, budget, and other economical aspects.
Pre-Approved Offers
A personalized hospital loan can be offered to doctors or business owners seeking the loan and they can get pre-approved loans on the requirement with faster approvals and fewer efforts, ensuring they do not overdraw on their budget.
Easy Access
Access your account from anywhere through a customer portal and manage your accounts with ease without having to visit the bank or NBFC for any loan-related details.
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Term Loan: A term loan is the entirety of the loan to be paid over the set intervals for the amount borrowed with interest in full.
Flexi Loan: Flexi loan unlike term loan has a cash limit. The borrower can withdraw any amount from the cash limit and may pay only for the amount used rather than the entirety of the available funds.
Medical Equipment Loan: Purchase or lease anything from EKG/ECG machines, ventilators, color dopplers, sterilizers, stretchers, and MRI machines, to CT scanners and X-ray equipment.
Overdraft Loan: Merchant establishment also known as ME-OD facility is a type of overdraft facility provided over working capital limits that acts similar to a Flexi loan but is added to the finance when the bank account is zeroed on capital.
Working Capital: A working capital loan similar to a business working capital will fund daily operational requirements of the hospital from purchasing inventory to maintaining other everyday expenses.
Infrastructure Loan: From constructing a new lab facility or expanding an existing facility, to a new hospital, every infrastructural need can be fulfilled with this type of loan, with balance transfer options available.
Type of Business: Medical Institute/Super Speciality Hospital/Speciality Hospital (Any)/Diagnostic Center/Dialysis Center/Pathology Lab/Pharmacy/Large Medical Equipment Dealers/Speciality Clinics (Any)/Nursing Home/IVF Center
Type By Ownership: Private LTD/Partnership/Individual/Govt.
Nationality: Resident of India
Residence: ~ 3 – 5 years of continued tenancy at current office (or) residence
Income: Regular & Stable Monthly Income (Can add other income sources to increase eligibility)
Credit/CIBIL Score: Any profile (Credit score ~ 700 or above has a higher chance of getting a quick and instant loan with high funding at lower interest rates)
Business Vintage: 3 years and above (Business should not be blacklisted)
Note: The eligibility criteria mentioned above are generic and may vary from lender to lender. Please reach out to us at Loanz360 for a personalized eligibility chart.
KYC Documents (Authorized Signatories Of All Promoters/Firms): Passport/Voter ID/Aadhar Card/Driving License/PAN Card/Rent(or)Utility Bills(Accepted As Address Proof)
Income Proof: Latest 3 years ITR with C.A certified balance sheet and profit loss account statement, Latest 6 months bank statements, applicable for all individual promoters and the company (if firm)/Memorandum of Association(MOA)/Copy of Partnership Deed (As Applicable)
Additional Documents: Medical Registration Certificate, Details of existing or previous loans
Interest rates on a hospital loan depend on the type of loan, amount sanctioned, collateral, tenor, and other parameters of the loan. The Term and Flexi loans offer different benefits to the borrowers with Flexi loans offering borrowers an overdraft limit to utilize funds as they wish and only repay on the sum utilized rather than the sanctioned limit on the loan.Â
Instant cash or working capital options are available to provide much-needed funding alternatives to business owners (purchasers/vendors) without funds and the loan starts as low as 10% at Loanz360, with our financial partners flexible to negotiate offers while continuously working towards helping you get multiple advantages and deals on the loan.
We are partnered with leading financiers such as Yes Bank, Bajaj Finserv, IndusInd, ICICI, Tata Capital, HDFC, Bank of Baroda, Hero Fincorp, and more to bring you the best deals on your raised bills or invoices with low or zero security guarantee.
Note:Â Contact Loanz360 to discuss options. The interest rates may vary subject to conditions.
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