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From day-to-day recoveries to life-changing breakthroughs, the healthcare industry is an empowering force in our society. Focused on meeting the financial needs of this sector, Kotak Healthcare Finance offers a tailored and holistic suite of innovative solutions catering to Hospitals, Laboratories, Diagnostic Centre’s, Nursing Homes, Clinic’s and Self-employed Doctor’s.
Loan amount ranging from INR 10 Lakhs to INR 10 Crores
Standard Loan to Value up to 85%
Loan tenure ranging from 12 to 84 months
Attractive rate of interest
Dedicated Relationship Managers
Quick processing
Nature of fees and charges | Amount of fees and charges |
---|---|
Processing Fee (Non-refundable) | Maximum 2% of the loan / facility amount (Plus Taxes as applicable) |
Cheque dishonor Charges | INR 750/- (Plus Taxes as applicable) per instance. |
Charges for Copy of any Document | INR 500/- (Plus Taxes as applicable) per instance. |
Repayment Mode I Account swap charges | INR 500/- (Plus Taxes as applicable) per instance. |
Charges for Duplicate NOC / No Dues Certificate | INR 200/- (Plus Taxes as applicable) per instance. |
Loan cancellation charges | Loan cancellation charges – Rs 2500 + applicable taxes |
Charges for copy of Credit Bureau Report (to Customer who has availed Loan /Facility from us) | INR 100/- (plus taxes as applicable) per instance for Individuals |
INR 500/- (Plus taxes as applicable) per instance for non-individuals | |
Repossession charges | At actuals + applicable taxes |
Yard charges | At actuals + applicable taxes |
Paper advertisement charges | At actuals + applicable taxes |
Charges incurred in filing legal | At actuals + applicable taxes |
Document Charges | INR 3000/- (plus taxes as applicable) for loans upto Rs 50 Lacs |
INR 6000/- (Plus taxes as applicable) for loans above Rs 50 Lacs | |
Foreclosure/Prepayment Charges | 3% of Principal Outstanding for Non-revolving and 3% of Sanctioned limits for Revolving facilities. |
For Micro & Small (MSE) Borrowers- | |
· Nil charges on fixed rate loans up to 50 lakh (Original Sanctioned limit) | |
· Nil charges on Floating loans | |
Delay or Default in Payment or where amount drawn beyond the Maximum Overdraft Limit and/or the Drawing Power | Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes. |
Charges for Amortisation Schedule/ Account Statement | Free once in a Financial Year. Thereafter, INR 500/- (plus taxes as applicable) per instance |
Charges for Interest Certificate | Free once in Financial year. Therefore, INR 250/- (plus Taxes as applicable) per instance. |
Notes: | |
· Delay/ Non-Creation of Security in favor of the Bank by the Borrower/Security Provider means: | |
· The term non-creation of security shall mean failure of the Borrower/Security Provider to create security in such form and manner as per the agreed terms mentioned in Sanction letter /Facility letters or Facility /Loan Agreements or any other document/instrument to secure the loan/financial facility availed from the Bank and shall also include Non-submission of NOC or Permission to Mortgage from any person/entity/ competent authority as prescribed by the Bank as well as Non-submission of Pari passu letters from other lenders. | |
· In addition to these charges/levies, Bank also reserves the absolute right to withdraw the limits and demand repayment of the facilities from the borrower for any breach of any of the terms and conditions prescribed in the sanction letter or any loan/security document executed in favor of the Bank | |
· For the sake of clarity, it is reiterated that the above list is only indicative in nature and should not be in any manner construed as an exhaustive list at any point of time. | |
· Stamp Duty on Loan Agreement / Overdraft Agreement, Guarantor Agreement, etc., varies from State/UT to State/UT. Stamping Charges, Notarisation Charges, Charge Creation on Collateral Security, etc., as per RBI/Statutory Notifications, as applicable. | |
· Charges for other Services which is not specified above would be specified as applicable when the Customer applies for those Services and the same shall be payable by the Borrower. e.g. Revalidation of Sanction, Change in Collateral, Re-scheduling Loan, Change in EMI Date, Solvency Certificate Issuance Charges, etc., | |
· Taxes / other statutory levies may be charged to the Borrower if applicable as per Government / RBI directives. | |
· Any charges are applicable subject to regulatory/statutory feasibility. Any relaxations available to specific borrower categories / groups, if any, shall be applicable to such beneficiaries. | |
· Bank reserves the right to modify any charges from time to time or to introduce any new charges, as it may deem appropriate and will publish them on the bank’s website (www.kotak.com). |
Document Type | Details |
---|---|
Proof of Identify/Residence/Ownership | Mandatory for all Applicants/Co-applicant/Guarantors |
Proof of Identity: Voter ID Card/Aadhaar Card/Passport/Driving License/PAN Card | |
Proof of Residence: Recent Telephone Bill/Electricity Bill/Property Tax Receipt/Passport/Voter ID Card of Proprietor/Partner/Director (if a company) etc. | |
Ownership Proof: Agreement Copy/Electricity Bill/Maintenance Bill with Share Certificate/Municipal Tax Bill | |
Business Continuity Proof | Shop and Establishment Certificate/Tax registrations - VAT/Service Tax/GST registrations |
Firm Constitution | For a partnership firm: Latest partnership deed, PAN of the firm and office address proof |
For a company: Certificate of incorporation, MOA & AOA, PAN, latest share-holding pattern and office address proof | |
Income Documents | I.T. returns for the last 3 years with computation of income for both business and individuals i.e. partners/directors |
Audited financial statements for the last 3 years along with all schedules & annexure and Tax Audit Report | |
For a company: Auditor's Report, Director's Report is also required | |
Banking | Latest 6 months’ bank statement for all bank accounts related to the business |
Other Documents | Proforma Invoice of equipment, Sanction letters/Repayment tracks for loans, Net worth statements of partners/directors |
Any other document as required for assessment of proposal |
Hospitals, Laboratories, Diagnostic Centre's, Nursing Homes, Clinic's or Self-employed Doctor's can avail a Healthcare Equipment Loan.
You can click on the “Apply Now” tab, share your details and our team will contact you. You can also write to us at [email protected]
Yes, Healthcare Equipment Loan can be availed by a trust or society, provided it has a borrowing clause in trust deed and approval required from charity commissioner (if applicable) in place.
We can offer a loan amount up to INR 10 Crores. Please visit the Features tab of Healthcare Equipment Loans for further details.
You can get a one-stop solution for all of your healthcare related requirements. We have solutions ranging from Healthcare Infrastructure Loan, CC/OD facility, Medical Equipment Loan, Letter of Credit for Import, POS Machine, Loan Against Credit Card receivable, Current Account for hospital/diagnostic centre/nursing home/clinic.
Yes, we offer preferential interest rate, faster processing and doorstep service to our existing bank customers.
Yes, moratorium can be provided under Kotak Healthcare Equipment Loan however interest has to be served during moratorium period.
Healthcare Equipment Loans are offered with a variable rate of interest, linked to EBLR.
Yes, prepayment charges of 3% of outstanding amount (plus taxes as applicable) will be applicable for closing the loan before completing the tenure.
Terms & Conditions apply. Credit at sole discretion of Kotak Mahindra Bank Ltd and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
Please note by login in to the above link and clicking on the “Submit” button, you provide your consent and acceptance to,
At your request, you are being re-directed to a third party site - http://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved