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.
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
Rate of Interest:
Interest rate of Karur Vysya Doctors Loan is 13.50 %.
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