Tuesday, November 19, 2019
Finance

Catholic Syrian Bank- Advance to Doctors & Hospitals

Catholic Syrian Bank provides finance to Doctors, Hospitals and Nursing home to buy hospital equipments, build new hospitals, renovate or expand the existing ones.

Eligibility of Loan:

Doctors, small hospitals, nursing home etc., which are organized as private/public limited companies, partnership/proprietary concerns, or trusts which have facilities for diagnosis and treatment of indoor as well as outdoor patient with 10 or more beds.

Quantum of Loan:

The quantum will be assessed depending upon individual project requirements commercial viability of the scheme, capacity of the parties to repay the advance and the amount of surplus cash generated out of the scheme. 

Margin of Loan:

A minimum margin of 25% will have to be maintained for this loan.

Repayment Period:

The period of repayment will be assessed depending on the project, its income-generating capacity and the repaying capacity of the applicant. Maximum repayment period is 10 years.

Security:

Assets created out of the credit facilities and other securities deemed necessary depending upon merits of each individual case is considered as security of loan.

For more information: Website