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
Loans for Hospitals can be used for many purposes
- Hospital Infrastructure Finance: Whether planning to launch a new hospital or constructing a new building for expansion, we can extend a finance facility to accommodate both. In the case of the new unit, 20 to 30% needs to be infused by promoters and the balance can be financed.
- 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 of Loans for Hospitals in India
- 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
Also We Provide : Loan For Schools
