Loans - Dhanvantari Loan

Title	Description
Purpose	For Construction of hospital. ppurchase of hospital equipments, machinary.
Limit of loan:	75% of cost of purchasing item. Maximum Rs.7 crore.
Eligibility:	Degree Certificate & other documents.
Rate Of Interest	10 %
Repayment Period	5 to 15 years
Security	Item to be purchased & two guarantors Additional collateral security.
Other Charges	Valuation fees-As applicable Processing fee-Up to 50 laks-1% above 50 lakh-1/2%
Documents	Equipments, machinery quotation Two guarantor (property holders, Income proof) Last three years profit & loss A/c, balance sheet & IT returns. Photographs, identity proof, age proof, photo proof, residence proof of borrower & guarantor.(as per KYC norms) Extract, building plan & permission, estimate, search report, Copies of original purchase deeds/extract etc.