We provide loans for hospitals all over India up to Rs.100 crores or more for various purposes including setting up a new hospital to renovation & acquisition of an existing hospital.
Fund Source India is a pioneer in raising funds for hospitals through our professional approach and the use of digital resources makes it a seamless loan process.
Hospital Loans are available for the following entities:
· Private Hospitals
· Nursing Home
· Diagnostic Centers
· Health Care Centers
· Health Resorts
What is the loan for the hospital?
This is a kind of loan granted to hospitals for multiple purposes, including the construction of a new building, renovation, or increase of machinery facilities and to meet working capital requirements.
Loans for Hospitals can be used for many purposes
- Loan for Hospital Construction: We offer loans for hospital construction all over India. These loans can be utilized for building a new hospital or adding a new block to an existing hospital. We fund up to 75% of a new construction project and 90% of the total cost of the existing infrastructure
- Medical Equipment Finance: This loan allows hospitals and clinics to purchase new medical equipment which can increase their revenue and hospital strength. This equipment can include X-ray machines, CT scans, MRI machines, and sonography machines. This will keep the hospital up to date and to excel in the competition.
- Hospital Renovation Loan: Every hospital requires time-to-time renovations to keep ahead of its competitors, book more profits, and provide better facilities to its patients.
- Working Capital Loan: Every hospital or health center requires financing to meet day-to-day expenses and maintain cash flows. This will include staff salaries, utility bill payments, vendor payments, buying consumables, and more.
- Acquisition Loans: When planning for expansion, it will be easy to acquire already-running hospitals to increase strength and business. So, a hospital acquisition loan is provided to purchase an existing hospital. As a general rule, 70 to 80% is provided as a loan, and the promoters need to contribute the balance.
- Takeover of Existing Loans: We can take over the existing loan facilities and provide additional funds to meet the current funds requirements. We can pay directly to the previous bank/nbfc and all the collateral & security come to us and an additional loan will be paid in the borrower’s current account.
Key Features
- Loan for hospitals running under a Trust/Society or Pvt Ltd Company
- Loan starting from Rs.1 Crore to 100 crores or more
- Available in all major cities
- Hospital land & buildings can be considered collateral for the new loan
- A working capital loan is also provided along with the construction loan
- Loans on additional properties are also available
- Easy onset of process
- Digital collection of documents
- Borrowers having issues with past repayments can also apply
Conditions for the loan:
- Proprietorship firms/ Partnership firms/ Pvt ltd/Ltd/ Corporates and Trust/Society are eligible for this loan
- All approvals required before the application
- For setting a new unit, promoters with MBBS or equivalent qualifications are eligible
- Previous experience in the same line of activity is required in case of setting up new hospitals/clinics
FAQs
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What will be the repayment tenor?
Repayment tenor can be given up to ten years.
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Is the moratorium period available or what is the duration?
Yes, a moratorium period is given and it can be up to six months to one year.
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Does this loan cover the renovation expenses and working capital?
Yes, one can take this loan for renovation purposes along with the working capital requirement.
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Does the borrower need to offer additional collateral or hospital can be offered as collateral?
There will be no need for additional collateral. Hospital property can be taken as collateral.
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What kinds of hospitals are eligible for this loan?
From a multi-bedded clinic to super-specialty hospitals are eligible for this loan.
