Loan for Medical Colleges
We offer loans for medical colleges, which help promoters, trusts, and societies to build and develop world-class medical education infrastructure.
Setting up a medical college is one of the most capital-intensive ventures in the education and healthcare sector. From acquiring land and constructing academic buildings to developing hospitals, hostels, laboratories, and purchasing advanced medical equipment, the investment requirements are substantial.
We also offer such loans to trusts or institutions that have credit issues in their past or present, which restrict them from obtaining loans from the conventional banking system.
A Medical College Loan Can Be Used For:
- Construction of academic blocks, hospitals, hostels, and staff housing
- Renovation of old infrastructure
- Medical equipment and laboratory setup
- Teaching aids, simulation labs, and libraries
- Furniture, fixtures, and IT infrastructure
- Pre-operative expenses and initial working capital
Who is Eligible to Apply for a Medical College Loan?
It is typically available for:
Educational trusts and societies
Private limited companies and LLPs
University-affiliated institutions
Existing medical colleges planning expansion or upgrades/renovation
Types of Loans Available for Medical Colleges
Project Finance Loans
Expansion and Modernization Loans
Renovation Loans
Equipment Financing
Loan for Medical College NPA Accounts
Some of the Key Features
Loan Amount
Starting from Rs.5 Crores to any higher amount required. A general policy of 80:20 means a maximum of 80% can be financed, and 20% needs to be the promoter’s contribution of the total project cost.
Tenure
5 years to 15 years
Moratorium Period
Often provided during construction and initial operational years
Interest Rates
As per the market standard, it also depends upon the size and viability of the project, and the credit profile of promoters
Location
Loans for medical colleges are available all across India
