Hospital Mortgage Loan

Hospital Mortgage Loan

  • What is Hospital Mortgage Loan?
  • Aaradhya Group Team can help you meet the financial requirements for setting up of new Nursing Home/Hospital including Pathological Laboratory, Expansion/renovation/modernization of existing Nursing Home/ Hospital including Pathological Laboratory, purchase of medical diagnostic equipments, office equipments, viz. computers, air conditioners, office furniture, purchase of ambulance etc and to meet working capital requirements.

  • Benefits
    • No requirement of guarantors or collateral
    • Fast turnaround with loan approval in as quick as a few hours
    • Low interest rates compared to rates offered to other self employed professionals
    • End use can include construction of clinic, renovation or purchasing various equipment for medical use
    • Loan tenure can be as long as 5 years
    • Option of fixed and floating interest rate
    • Flexible repayment tenure options available
    • Minimum documentation with approval based on basic KYC, quick background checks, CIBIL score and income proofs

  • Document Required
    • Signed Application Form
    • Education Qualification Certificate
    • Identity Proof (PAN)
    • Residential Address Proof
    • Latest 6 months salary slip for salaried
    • Last 6 months bank statement
    • Last 2 years ITR
    • Copy of Memorandum of Association (MOA) for Private Limited Company or Copy of Partnership Deed for a Partnership Firm
    • Original hypothecated Invoice in case of Medical Equipment Finance Loans
    • Insurance Policy duly endorsed in favour of the bank for the assets given as security to the bank
    For Salaried Persons For Self Employed/Professionals
    Filled Application form Filled Application form
    Identity Proof (PAN CARD) Identity Proof
    Qualification Proof Address Proof
    Own house proof Qualification Proof
    Latest 3 months Pay- slips Last 2 years Income Tax Returns
    2 Passport Size color Photographs Professional/Self employed existence proof for more than 3 years
    Address proof 2 Passport Size color Photographs
    6 months Bank Statements 6 months Bank Statements

  • List of Document Required to be Submitted for an Hospital Mortgage Loan:
    • A duly-filled loan application form
    • Three passport size photographs of the applicant
    • A government issued photo identity proof (Voter ID, passport, driving license, etc.)
    • Proof of residence (telephone bills or electricity bills would suffice)
    • For non-salaried applicants, proof of business is required
    • Bank statement for the past six months
    • Statement of personal liabilities
    • Personal assets statement
    • Signature identification from the present banking institution
    • Documents required for the guarantor
    • Statement for personal assets and liabilities
    • Two passport size photographs
    • Identity proof (Voter ID, passport, driving license, etc.)
    • Proof of the current and permanent residence
    • Address of the firm, in case the guarantor is self employed
    • Signature identification from the present banking institution