Tuesday, July 23, 2019
Finance

Karur Vysya Bank- Doctors Loan

Purpose of Loan:

Finance is available for any professional development purpose including purchase of machineries / equipments / apparatus / other tools, furnishing of consultation room, purchase of A/C etc.

Eligibility:

The bank is providing credit facilities to finance the urgent need of doctors / dentists who are re in continuous practice and not at present enjoying any credit facility with any bank. 

Quantum of Loan:

A maximum loan of Rs.5 lakhs can be availed under this facility.

Repayment of Loan:

Repayment period is at a maximum of 5 years.

Security of Loan:

Hypothecation of existing equipment machineries etc. and any other machineries equipment to be purchased out of the bank loan would be required as security.

Rate of Interest:

Interest rate of Karur Vysya Doctors Loan is 13.50 %.

For more information: Website

Karur Vysya Bank- Professional Loan

Purpose of Loan:

  • To acquire machinery / equipment / apparatus / computers / tools / vehicle / furniture and other Office equipments.

  • To finance foreign business trips/seminars/conferences.

Eligibility:

Individuals / Proprietorships / Partnership firms like; Doctors, Dentists, Chartered Accountants, Lawyers, Chartered Engineers, Architects.

Quantum of Loan:

Loan available up to Rs 15,00,000/- with a margin of 20%.

Rate of Interest:

Interest rate of Karur Vysya Professional Loan is 13.50 %.

Repayment of Loan:

Repayable in 60 monthly installments (EMIís)

Guarantor:

  • Personal guarantee of all partners in partnership firms.

  • Personal guarantee of the title holders if he is not the borrower of borrowing firm.

  • Other persons with good means wherever collateral is not available.

For more information: Website