• Open an account Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Home  > Products > Financing > Medical Equipement Financing

Project Financing

Medical Equipment Financing is the loan provided for the purchase of medical equipment by creating hypothecation of same machinery.

Features

  • Fixed rate of interest
  • Term loan on medical equipments.
  • Loan ranging from 5lakhs - 20 crores.
  • Hypothecation of machines.
  • Tenor 12- 84 months
  • LTV Max 85%
  • Quick turnaround time
  • Customized offerings to suit customer needs.
  • Flexibility in tenor and repayment options.

Advantages

  • Quick turn-around time
  • Professional and transparent approach
  • Part payment facility also available.

Need A Loan

* Indicates Mandatory fields

Eligibility

Minimum Age

  • 25 years for Doctor
  • 21 years for other partners/shareholders

Maximum Age

  • 65yrs

Experience

  • Min 3 years for MD/MS/MDS/PG.
  • Min5 years for MBBS/BDS

Service Charges

Processing Fees

From 1% to 2% of the Loan Amount depending upon case to case basis + applicable taxes

Other Charges

Other charges including but not limited to statutory charges such as stamp duty on documentation, Monitoring and Inspection Charges and Quality checking charges etc., as applicable, and any other charges as communicated to the customer from time-to-time by SMC FINANCE are to be payable by the client.

Interest Rate

13%-17%

Foreclosure Charges

2% plus applicable taxes

Documentation

  • Application form.
  • Loan agreement.
  • Mortgage Deed.
  • FATCA Declaration.
  • Basic KYC Documents.
  • Financials.
  • Income documents & Bank statement.
  • Copy of property papers to be mortgaged.

Terms & Conditions

  • The property must be free from any encumbrances.
  • The property must be mortgagble.
  • The loan amount is subject to the valuation of the property.
  • The loan funding depends upon validity of title documents of the said property and its current market value.
  • The Loan to value on residential Property is upto 60%, against commercial property is upto 50% and against industrial / plots (only residential or commercial) is upto 40%.

About SMC

Established in 1990, SMC is one of the leading and well-diversified financial services companies in India offering services across brokerage (across the asset classes of equities (cash and derivatives), commodities and currency), investment banking, wealth management, distribution of third party financial products, research, financing, depository services, insurance broking and clearing services and real estate advisory services to corporate, institutional, high net worth individuals and other retail clients.

serving over
18 Lac
unique clients
Workforce of
3000+
employees
Presence in500+ cities & oversease offices in Dubai
large network of
2,500+ sub-brokers & authorised persons
Cumulative AUM under Mutual Funds 3,000+ crores
*As on 31st March 2018

FAQs

What is Medical Equipment Financing?
In how many years can I repay the loan amount?
Who can be my co-applicant?
When will the loan be disbursed?
Does the Equipment has to be insured?
What kind of security is required?
Can I repay the loan ahead of schedule?

Follow us:

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Comtrade Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Investments and Advisors Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid upto 27/01/2020 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory