Skip to Content

Eligibility

The loan offerings are available to the following institutions:

  • Customers having minimum 5 years of relevant business experience.
  • Infra funding to hospitals, Pathology Labs, Diagnostic Centre, Nursing Home, Clinics, Self Employment Doctor, Partnership firm , Limited companies ( Private and public Limited ) Society & Trusts.
  • Infra funding to hospitals, Pathology Labs, Diagnostic Centre, Nursing Home, Clinics, Self Employment Doctor, Partnership firm , Limited companies ( Private and public Limited ) Society & Trusts.
  • An established hospital expanding the current set up (Bed Capacity) or setting up a new unit (brown field) can be considered with appropriate security coverage.

Product Parameters (including Eligibility)

Parameters Description
Minimum Loan INR 25,00,000
Maximum Loan INR 15,00,00,000
Loan Tenure Minimum – 36 months, Maximum- 96 months
Loan Borrowers Hospitals, Pathology Labs, Diagnostic Center, Nursing Home, Clinics, Self Employment Doctor, Partnership firm , Limited companies ( Private and public Limited ) Society & Trusts
Co-applicants In case of Private/ Public Limited companies, directors with atleast 51% stake to be taken as co-applicant. For public limited companies, norms for funding to public limited companies to be followed.
In case of trusts/societies, the main trustee working as Chairman/ Secretary should be roped in as a co-applicant.
One of the directors/partners/trustees should be a doctor.
Corporate Guarantee of the existing company in case the existing company is setting up a new unit with different name (Entity).
Business vintage Minimum 5 year in the current business
Collateral loan to value Maximum 70% (Self occupied Residential Property)
Repayment mode Primary mode: NACH- National Automated Clearing House
PDC One PDC for initial 1st Emi banking
Primary security and collateral Mortgage of Property – In favour of Reliance Commercial Finance Limited
End use of funds Business Expansion, Debt Consolidation etc. The end use of the loan shall not be used for any speculation, illegal activities, litigation or any other nefarious activities
Eligible collateral Residential Property, Commercial Property and Industrial Property
EMI cycle Any of the dates – 1st/5th/10th of month

Apply Now

Text to Identify Refresh CAPTCHA Refresh CAPTCHA
Fields marked with * are mandatory