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How to Get A Loan for Medical Equipment?

· Business

Loans for medical equipment can be borrowed by healthcare practitioners without providing any collateral. It backs equipment financing in hospitals, labs, clinics, IVF centers, diagnostic centers, pharmaceutical centers, etc. These loans can thus suitably meet expenses related to equipment financing, working capital requirements, project financing, credit requirements, etc.

Eligible individuals who can avail a loan for doctors include super specialist, post-graduate, specialised diploma, and other PG Diploma (the MBBS degree must be registered with the medical council), MBBS degree holders availing funds immediately after the registration with Medical Council, MDS holders with BDS degree being registered, or BDS/BHMS/BAMS with an experience of at least 2 years from medical registration.

The best way to avail a medical equipment loan is to fulfill the criteria, prepare the documents and fill up the application form online. To apply for the loan online, you need to visit the lender’s portal, fill up the application form, submit the form, wait for the executive’s call, and provide the necessary documents to the representatives.

After the documentation, the amount is sanctioned and credited to your account within 24 hours. Medical practitioners can avail up to Rs.25 lakh through a loan for healthcare financing.

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