Healthcare Industry Loan Division

Considering the importance of the Healthcare industry for the country's economy and the industry needs finance for expansion of health care services and for personal needs of physicians, nurses, para medical employees, MAFIL has introduced schemes for financing the following professionals in the health care sector.

Doctors who are M.ch, DM, DNB, MD, MS, MDS/ MBBS/ BDS/BAMS/ BHMS/ DHMS

Govt. / Private hospital nurses, Lab technicians, pharmacists, Other hospital staffs.

MAFIL Financing Hospitals, Clinics, Diagnostic Centre etc. for acquisition of equipment, construction of buildings and working Capital Finance

Under Healthcare Industry Loan Division, we have 1) Personal Loan 2) Loan for purchasing New Equipment’s 3) Loan for Construction of buildings 4 ) Working Capital Finance

Secured and Unsecured Loan for Healthcare Sectors

Personal Loan

Personal Loan for Doctors: It's an unsecured Loan

Targeted Customers

  • Super Specialist Doctors (DM/M. Ch./DNB)
  • Specialist Doctors (MS/MD/DNB)
  • MBBS + Diploma
  • Graduate Doctors (MBBS)
  • Dentist [ BDS/MDS]
  • Ayurveda and Homeopathy Doctors [ BAMS/BHMS]
  • DHMS

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Purpose of Loan

Purpose of Loan

  • House renovation
  • Purchase of Furniture and Fixtures for Homes
  • Personal Financial Requirements
  • Consumer Durables
  • Balance Transfer for Existing loan liabilities
  • Higher Education for self and Children education
  • Marriage Purpose

Doctor Loan Features and Benefits

  • Loan up to 30 lakhs
  • Maximum Loan tenure up to 7 years
  • No Requirement of Collateral
  • Diminishing rate of Interest
  • Door Step service
  • Minimal Documentation

Documents needed

The documents needed to apply for a Personal Loan for Doctors

  • KYC documents (Pan Card / OVD)
  • Medical registration certification
  • Latest 6 Months Bank Statement
  • Two passport Size Photo

Self – Employed Doctors are additionally required to submit Income tax return / Audited Income Statement and have minimum 2 years’ experience

Interest Rates & Processing fees

Doctor Loan Interest Rates & Processing fees

Manappuram Finance offers an affordable rate of interest on Loan for Doctors.

The following fees are applicable on a Personal Loan for Doctors

Type of FeesCharges Applicable
Rate of Interest12.5 % p.a Onwards
Processing fee2% of Loan amount + Applicable Taxes
health care

Personal Loan to Healthcare Staff

Targeted Customers

  • Govt./ Private Nurses
  • Govt./ Private lab technicians
  • Govt./ Private lab Pharmacist
  • Govt./ Private Hospital Staffs like Accountant, PRO, Receptionist, Clerk, Operations Staffs, Marketing Staffs etc.

Purpose of Loan

  • House renovation
  • Purchase of Furniture and Fixtures for Homes
  • Personal Financial Requirements
  • Consumer Durables
  • Balance Transfer for Existing loan liabilities
  • Higher Education for self and Children education
  • Marriage Purpose

Features and Benefits

  • Loan up to 7.5 lakhs
  • Maximum Loan tenure up to 6 years
  • No Requirement of Collateral
  • Diminishing rate of Interest
  • Door Step service
  • Minimal Documentation

Documents needed

The documents needed to apply for Loan

  • KYC documents (Pan Card / OVD)
  • Latest 6 months Bank Statement
  • Two passport Size Photo
  • Last three Months Wage slip/ Salary Certificate

Job Experience

The applicant should have minimum work experience of 6 Months in the Present Job and Total employment experience of 2 years

Interest Rates & Processing fees

Type of FeesCharges Applicable
Rate of Interest16 % p.a Onwards
Processing fee2% of Loan amount + Applicable Taxes

Healthcare Asset Finance

Manappuram Finance limited Financing Hospitals, Clinics, Diagnostic Centre etc. for acquisition of equipment, construction of buildings and working Capital Finance

Targeted Segments

  • Medium and Large Private Hospitals
  • Skin Clinic
  • Dental Clinic
  • Pathology Laborites
  • Eye Centers
  • Diagnostic Centers
  • ENT Centers
  • Dialysis Centers
  • Endoscopy Centers
  • IVF Centers
  • Physiotherapy Centers
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Purpose of Loan

  • Purchase of all types of New Movable Assets
  • Working Capital Finance
  • Loan for construction related to Health Care Sector (Expansion/Diversification)

Eligibility

  • Individuals / Proprietorship
  • Partnership firm
  • Private limited
  • Society
  • Trust
  • Limited Liability Partnership (LLP)
  • One Person Companies

Features and Benefits of Loan

  • Secured loan Up to Rs 30,00,000/-
  • Unsecured Rs 3,00,000/- lakhs
  • Maximum Loan tenure up to 5 years
  • Diminishing rate of Interest
  • Door Step service
  • Minimal Documentation

Documents needed

The documents needed to apply for a Loan

  • KYC documents (Pan Card / OVD)
  • Latest One Year Bank Statement
  • Income tax return / Audited Income Statement and have minimum 2 years’ experience
  • Copy of Registration certificate from the Statutory / Regulatory Authority for hospitals, clinics and labs

Interest Rates & Processing fees

Type of FeesCharges Applicable
Rate of Interest16 % p.a Onwards
Processing fee2.5% of Loan amount + Applicable Taxes
healthcare

Loan for Medical Expenses

It is extremely stressful for one to focus on their loved one's health while worrying about managing finances. Such emergency situations force people to seek help from family and friends for financial assistance. To serve this segment of customers and their financial needs, Manappuram introduced loans for Medical Expenses

Targeted Customers

  • Salaried Persons
  •  
  • Applicant should be son, unmarried daughter, father, mother, brother or spouse of the patient

Purpose of Loan

  • Hospitalization expenses including surgery
  • Medical treatment expenses

Features and Benefits

  • Loan up to 5 lakhs
  • Maximum Loan tenure up to 5 years
  • No Requirement of Collateral
  • Diminishing rate of Interest
  • Door Step service
  • Minimal Documentation

Documents needed

  • KYC documents (Pan Card / OVD)
  • Latest 6 months Bank Statement
  • Two passport Size Photo
  • Last three Months Wage slip/ Salary Certificate
  • A medical report/preform invoice from consulting doctor / Hospital detailing about the disease, treatment and approximate cost of the treatment along with the duly filled in application form

Job Experience

  • Government Employee - Minimum of 6 months’ experience in the job
  • Private Employees - Minimum of one-year experience in the current job and total of two years’ experience

Interest Rates & Processing fees

Manappuram Finance offers an affordable rate of interest on Loan for Medical Expenses.

The following fees are applicable on a Personal Loan for Medical Expenses

Type of FeesCharges Applicable
Rate of Interest17% p.a Onwards
Processing fee2% of Loan amount + Applicable Taxes
health care

Loan Against Property

A special Loan Against Property for Healthcare Professionals, Paramedical staff and self-employed personnel in the Healthcare Sector. Use the loan for any personal requirements (barring speculative and illegal purposes)

Purpose of Loan

  • Any Personal requirements other than for Speculative and illegal purpose.

Features and Benefits

  • Can be availed by salaried Individuals and self-employed professionals in the Healthcare Sector
  • Loan amount up to 15 lakhs
  • Tenure up to 10 years
  • Minimal Documentation and quick Disbursal
  • Easy and transparent process

Interest Rates & Processing fees

Type of FeesCharges Applicable
Rate of Interest11% p.a Onwards
Processing fee2% of Loan amount + Applicable Taxes

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