For Medical equipment
¨ This facility is to be allowed normally against the new equipment’s required by the Doctor/Hospital for their clinic.
¨ Margin against new equipment's as per bank policy.
¨ Maximum Repayment period against new equipment’s may be allowed up to 7 years
¨ Loan against old equipment’s may also be considered on case to case basis, keeping in view the cost of similar new equipment’s , cost and useful life of old equipment’s etc..
¨ Margin against old equipment’s as per bank policy.
¨ Valuation report from Our Bank’s approved Valuer is Mandatory for old medical equipment.
