Fees and charges of medical equipment finance
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Affordable financing
Fund expensive medical instruments and equipment by getting an attractive interest rate.
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Lengthy repayment
Divide your expenses into small EMIs spread over a tenor of up to 120 months to keep your outgo manageable.
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Minimal documentation
Submit your basic documents like your KYC and medical registration certificate to get approval.
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Personalised offers
Avail of exclusive pre-approved offers to secure instant healthcare equipment financing.
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Online loan management
Manage your healthcare equipment finance loan through our convenient, 24x7 digital customer portal –My Account.
Medical Equipment Loan
Offering quality treatment requires doctors to invest in specialised, top-notch medical equipment. These include machines like ultrasound units, CT scanners, ECGs, X-ray machines, MRIs, angiography machines, scanners, monitors, and more. With a hassle-free medical equipment loan from Bajaj Finserv offering funds up to Rs. 6 cr, you can easily equip your practice with the best equipment available in the market. Packed with a range of benefits, these healthcare equipment finance loans can be your go-to finance solution when it comes to paying for expensive medical equipment.
You can secure an affordable interest rate and repay the loan over a longer tenor to ensure that your cashflows remain optimal. Obtaining approval is easy as we offer healthcare equipment financing against easy eligibility terms and require basic documentation for verification.
Fees and charges of medical equipment finance
Bajaj Finserv offers some of the lowest medical equipment loan interest rates. Read more about our fees and charges.
Types of Fees |
Charges Applicable |
Rate of interest |
starting 0% to 14% per annum |
Processing fees |
Up to 2.95% (Inclusive of applicable taxes) of the loan amount* |
Stamp Duty payable/ Legal, Repossession and Incidental charges |
The actual stamp duty payable and the actual legal and incidental charges under the applicable law(s) |
Bounce charges |
Rs. 1,500 per bounce |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
| Mandate Rejection Charges | Rs. 450/- per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered. |
Prepayment charges and annual maintenance charges
Part Prepayment Charges |
Nil |
Full Prepayment (Foreclosure) charges |
Nil |
Note: Additional cess will be applicable on all charges in Kerala.
Eligibility criteria for healthcare/ medical equipment finance
Here are the eligibility criteria required to fund your medical equipment purchases
- Diagnostic centre
- Pathology lab centre
- Individual practice
- Speciality or super-speciality hospital
- Nursing home
- Speciality clinics (like skin and dental clinics)
- Dialysis centre
- Endoscopy centre
- IVF centre
Eligibility for credit facility exceeding INR 50 Lacs up to INR 6 Crore
- Business vintage should be a minimum of two years
- Documents required for the loan include ITR, P&L, an audited balance sheet for 2 years and the current account statement for 6 months
