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
|Processing Fee (Non-refundable)||Max. 2% of the loan/facility amount + applicable taxes|
|Cheque Dishonour Charges||INR 750 + applicable taxes (per instance)|
|Charges for Copy of Any Document||INR 500 + applicable taxes (per instance)|
|Repayment Mode Change I Account Swap Charges||INR 500 + applicable taxes (per instance)|
|Charges for Duplicate NOC/No Dues Certificate||INR 500 + applicable taxes (per instance)|
|Charges for copy of Credit Bureau Report (to Customer who has availed Loan/Facility from us)||INR 100 + applicable taxes (per instance for individuals)|
|INR 500 + applicable taxes (per instance for non-individuals)|
|Documentation Charges||Up to INR 6000 + applicable taxes (per instance)|
|Charges specific to Term Loans:|
|Prepayment Charges||Up to 3% of Outstanding amount (plus taxes as applicable) for Term Loan (non-revolving) limits|
|Substitute Interest (Penal Interest)||Up to 3% p.m. (plus taxes as applicable) compounded monthly on the Amount Due but unpaid from the Date of the Amount falling Due till the Date of actual Payment|
|Collection Charges (in case of Default)||Up to 30% (plus taxes as applicable) of cheque/instrument Dishonor Charges plus Substitute Interest|
|Charges for Amortization Schedule/Account Statement||Free once in a financial year. Thereafter, INR 500 + applicable taxes (per instance)|
|● Stamp Duty on Loan Agreement/Overdraft Agreement, Guarantor Agreement, etc., varies from State/UT to State/UT. Stamping Charges, Notarization Charges, Charge Creation on Collateral Security, etc., as per RBI/Statutory Notifications, as applicable.|
|● Charges for other Services which are 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, Reschedulement/Cancellation of 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 and/or groups, if any, shall be applicable to such beneficiaries.|
|● The 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).|
|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.
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