LIC |
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Loans
to individuals... |
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Facilities |
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NRI |
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Loan to Registered Medical
Practitioners - Apna Chikitsalaya" NRI: |
This is a Scheme
tailor-made for Registered Medical Practitioners (available at Select Centres). Applicable
to Registered Medical Practitioners holding a Bachelor's Degree in medicine from a
Recognised University, having a minimum of 2 years post-qualification experience and a
minimum net income of Rs.1,00,000/- p.a. as per the latest I.T. Returns. A Firm or Private
Limited Company owned by such Registered Medical Practitioners is also eligible.
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- PURPOSE
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Loans to Registered Medical Practitioners for Purchase/ Construction/ Repairs/ Renovation/
Extension of Nursing Home/ Clinic/ Diagnostic Centre.
AMOUNT
OF LOAN - Rs. 2,00,000 to Rs.50,00,000/- subject to 50% of the cost of the project.
RATE
OF INTEREST - Interest @ 13.50% p.a is calculated on Annual Rests.
TERM
OF LOAN - 5 to 10 Years.
MODE
OF REPAYMENT - By Equated Monthly Instalments (EMI) - Annual Rest Basis.
SECURITY
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1. Equitable Mortgage of Project Land & Structures thereon.
2. One Guarantor.
LIFE
INSURANCE COVER -
Life Insurance Cover is not required but advisable in the interest of the Applicants.
FRONT-END
CHARGES -
Non Refundable Administrative Fee, payable on Sanction of Loan -
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Upto Rs.25,00,000 |
: 1.00% of Loan Sanctioned (Max. Rs.20,000) |
Above Rs.25,00,000 |
: 1.00% of Loan Sanctioned (Max. Rs.25,000) |
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