Healthcare Finance Solutions

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Fees & charges to avail a Healthcare Finance Loan

Particulars	Details
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)
Notes:
● 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).

Documents required to apply for a Healthcare Finance Loan

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
Firm Constitution	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
Other Documents	Any other document as required for assessment of proposal

Frequently Asked Questions

Who can avail Kotak Healthcare Equipment Loan?

Hospitals, Laboratories, Diagnostic Centre's, Nursing Homes, Clinic's or Self-employed Doctor's can avail a Healthcare Equipment Loan.

How can I avail Kotak 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]

Can a trust or society, having a hospital in its name, get a Kotak Healthcare Equipment Loan?

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.

What is the maximum loan amount, tenure and loan to value (LTV) offered under Kotak Healthcare Equipment Loan?

We can offer a loan amount up to INR 10 Crores. Please visit the Features tab of Healthcare Equipment Loans for further details.

What benefit do I get by availing Kotak Healthcare Equipment Loan?

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.

Can I get any benefit if I am an existing Kotak Bank Current Account or Savings Account or other loan customer?

Yes, we offer preferential interest rate, faster processing and doorstep service to our existing bank customers.

I require principal moratorium for 3 months, is it provided under Kotak Healthcare Equipment Loan?

Yes, moratorium can be provided under Kotak Healthcare Equipment Loan however interest has to be served during moratorium period.

Is the interest rate fixed or variable for Kotak Healthcare Equipment Loan?

Healthcare Equipment Loans are offered with a variable rate of interest, linked to EBLR.

Are there any foreclosure charges for Kotak Healthcare Equipment Loan?

Yes, prepayment charges of 3% of outstanding amount (plus taxes as applicable) will be applicable for closing the loan before completing the tenure.

What are the various charges for availing Healthcare Equipment Loan?

You are charged with processing fee for availing the Healthcare Equipment Loan. Please visit the “Fee and Charges” tab for more details.

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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.

Below are the criteria's for availing a Healthcare Finance Loan