Having the right equipment can go a long way in the success of your medical practice. It is a must-have to provide your patients with quality treatment, and in the process enjoy higher profitability. However, medical equipment can cost an arm and a leg, so in order to fund the best equipment, using healthcare finance is a smart move. Healthcare finance is a specialised funding solution, a professional loan variant, that lets you tackle this facet of your business with ease.
When shopping around for the right healthcare finance or medical practice loan, look beyond just the loan amount. Top lenders like Bajaj Finserv not only offer high-value Healthcare Financing, but also offer other value-added features. Here are the reasons why you should avail the Bajaj Finserv’s Healthcare Finance.
Meet simple eligibility criteria
To avail Bajaj Finserv Healthcare Finance, you don’t have to abide by a lengthy list of eligibility terms. It is enough that you meet the simple eligibility criteria as per your degree and qualification.
- If you are an MS, MD, DM or doctor with a super-specialisation, you only need qualification, not experience.
- If you are an MBBS doctor, you need to have experience of at least 2 years.
- If you are a dentist with a BDS and/or MDS degree, you need to have experience of at least 5 years.
- If you are an Ayurvedic and homeopathic doctor with BAMS or BHMS degree respectively, you need to have experience of at least 6 years and also must own a house or clinic of your own.
- If you are a homoeopathic doctor, you need to have experience of at least 15 years and own a house or clinic too.
Get instant approval and quick disbursal
Bajaj Finserv understands your pressing need for a high-value amount, so it offers instant approval for your application and quick disbursal of funds. Once you meet the aforementioned eligibility criteria, gather the necessary documents that prove your eligibility. You just have to submit simple KYC documents, financial documents, and your medical registration certificate. By doing this, you can expedite the processing of your medical practice loan application and receive funds in your account within 24 hours.
Avail a high-value unsecured loan
Since funding a healthcare facility demands a significant amount, Bajaj Finserv Healthcare Finance offers high-value loans of up to Rs.30 lakh at affordable interest rates. Further, you don’t need to pledge any collateral to avail a medical practice loan. This means you can easily fund equipment purchase, diagnostic centre construction or even medical software purchase without any financial strain.
Enjoy convenient repayment
To ease the responsibility of repayment, Bajaj Finserv offers flexible tenors spanning from 12 to 96 months with your Doctor Loan. You can also choose to make a part-prepayment on your outstanding loan amount before the tenor ends, without incurring any extra charges. This also helps reduce your total interest obligation considerably.
Choose the Flexi Loan facility for easy management
To manage your finances better, you can choose the Flexi Loan facility basis which you can make withdrawals from your sanction as and when the need arises. What’s more, you only have to pay interest on the utilised amount and not the entire sanction. You can also pay interest-only EMIs and repay at the principal at the end of the tenor, thereby making cash flow management easier, and saving up to 45% in the process.
On considering just how effective a healthcare finance loan is, don’t hesitate to check your pre-approved offer from Bajaj Finserv in order to expedite financing. By choosing the right customised deal, you work your way towards a successful medical practice without worrying about fund shortages.