We provide loans for hospitals all over India up to Rs.100 crores or more for various purposes, including hospital construction to acquisition of a new hospital & renovation of an existing one.
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.
Types of Hospital Loans
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/Hospital 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 periodic renovations to keep ahead of its competitors, book more profits, and provide better facilities to its patients.
Hospital Working Capital Finance
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.
Hospital 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 of Hospital Loans
- 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
Interest Rates (ROI) for Hospital Finance
Interest rates applicable from 9.5 to 11% (reducing)
Repayment Tenor (Hospital Loan)
Five to ten years
Repayment Method
Equated Monthly Installments (EMI) with the option of a moratorium period
Turnaround Time
15 to 20 days
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.
