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IND HEALTH CARE

 
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Product features of IND Health Care Scheme

S.No Parameters Product Features
1.  

 

Target Group

 

 
  • Hospitals / Nursing Homes / Clinics
  • Diagnostic Centers, Pathology Laboratories, Physiotherapy centers etc
  • Eye treatment Centers, ENT treatment Centers, Small and Medium size specialty clients like skin clinics, dental clinics, dialysis centers, endoscopy centers, IVF    centers, poly clinics, X-ray labs, CT scan Centers, MRI Centers, Ultra sound centers etc.,
  • Qualified Medical Practitioners / Entrepreneurs
2. Purpose
  • For purchase of Medical equipment including ancillary tools & equipment (For dentists, the loan also covers dental implants besides equipment; for orthopaedists, the loan also covers various replacements/ implants for hip/knee/shoulder/spine etc.) – For existing and new customers.
  • For purchase of Medical equipments required for setting up of Diagnostic Centre, Pathology labs, X- ray labs, CT scan Centres, MRI Centres, Ultra sound centres etc and centres including tie-up with professionals – For existing and new customers.
  • For Outright purchase / construction of Building for setting up Diagnostic centres / Nursing Home/ Other Medical facilities
  • Renovation of existing Diagnostic Centre / Hospitals / Nursing home, Rehabilitation centres.
  • Working Capital requirements.
3 Eligibility Existing Units:
  • Individuals/ Proprietorship Firms/ Partnership Firms/ Corporates/ and any other valid legal entities.
  • Promoters or their spouse should be qualified medical practitioners with minimum satisfactory track record of above two years.
  • Entrepreneurs without medical qualifications are also eligible to avail loan under the scheme subject to engagement of suitable professionals with requisite skills / tie-up arrangements with professionals (Medical Practitioners).
  • Net worth of the borrower / existing unit should be positive.
  • CMR of 1 to 4 or equivalent CIC score.
  • In case of CMR 5 or equivalent CIC score / CMR-NA, Credit policy guidelines to be complied.

New Units:

  • Entrepreneurs with experience upto 2 years.
  • New Enterprises with experienced promoters are also eligible.
  • Both existing and new units should have the required approvals/ registrations from the statutory/ regulatory authority.
4. Nature of Facility Fund Based: Working Capital / Term Loan

 

Non-Fund Based : BG/LC.
5. Assessment
Facility Type of Assessment
Working Capital Cash Budget Method
Term Loan Total Cost Less Margin*
NFB – Performance / Financial BG As per extant guidelines.

 

*Assessment will be based on cashflow of the project and compliance to DSCR.
6. Loan Amount
  • Minimum: Above Rs 10.00 Lakhs
  • Maximum Loan Amount: Rs.50.00 Crore including working capital limit maximum up to Rs.5.00 Cr 

No further relaxation will be permitted in respect to maximum loan amount under the scheme.
7. Margin (Promoter’s Contribution)
Facility Margin Requirement
OCC 20% on Stocks & Book Debts
SOD 30 % of EM Property
Term Loan / Machinery 25%
Term Loan Land & Building

(If land is a part of Project)

 30%
BG  (Performance / Financial) 10% / 25%
8. Security Primary Security: Hypothecation / Mortgage of assets created out of loan proceeds.

 

 Collateral Security:

Particulars CMR 1-4 or equivalent

 

other CIC score

 CMR 5 or equivalent other CIC score & CMR-NA customers
Loans eligible for Coverage under CGTMSE o    Nil collateral, if covered under CGTMSE. Guarantee Fee to be borne by borrower.

 

o    Coverage under Hybrid model is also permitted as per extant CGTMSE guidelines

o    In case, the borrower is not willing to cover under CGTMSE, then Minimum 25% coverage of Bank Exposure (FB & NFB) by way of realizable sale value of immovable properties/liquid securities.

 o    Promoter/ Partner have CIBIL score of 730 & above or equivalent other CIC score.

 

o    Additional 10% collateral by way of immovable property/liquid security. i.e 35% (25%+10%)

o    Requirement of additional 10% collateral can be waived by Sanctioning Authority, if the proposed loan is covered under Hybrid model of CGTMSE.
Loans not eligible for CGTMSE Coverage. OCC:

 

Minimum 25% coverage of Bank Exposure (FB & NFB) by way of realizable sale value of immovable properties/liquid securities.

 

 

 o    Promoter/ Partner have CIBIL score of 730 & above or equivalent other CIC score.

 

 

o    Additional 10% collateral by way of immovable property/liquid security in case of OCC.
 

Personal Guarantee:

  • Personal Guarantee of property owner/s whose security has been considered.
  • Corporate Guarantee of group concern/s which had offered the security.
  • Personal Guarantee of Partners / Directors as per extant guidelines.
9. Rate of Interest ROI for Medical equipment / Renovation:

 

a) Accounts having Immovable properties / liquid securities / Hybrid Security:

Rating Repo Prime

 

Spread

 Business Spread Total
A & above 5.25% 2.70% 0.30% 9.25%
BBB 5.25% 2.70% 0.50% 9.45%

 

b) Accounts with CGTMSE Coverage:

Rating Repo Prime

 

Spread

 Business Spread Total
A & above 5.25% 2.70% 0.50% 9.45%
BBB 5.25% 2.70% 0.80% 9.75%

 

ROI for Outright purchase / Construction of Building for setting up Diagnostic Centres / Nursing Home / Other Medical facilities

 

Rating Repo Prime

 

Spread

 Business Spread Total
A & above 5.25% 2.70% 0.60% 9.55%
BBB 5.25% 2.70% 0.80% 9.75%
10. Repayment Period

 

Particulars Max Moratorium Door to Door Tenor
Medical Equipment’s /Machines Up to 6 Months Maximum - 84 Months
Renovation of Diagnostic Centre / Nursing Home / Other Credit facilities
Purchase / Construction for setting up  Diagnostic Centres / Nursing Home / Other Medical facilities Upto 18 Months Maximum - 120 Months

Method of Repayment:

Principal in equal Monthly Instalments.

Equated Monthly Instalments (EMIs)

Negotiated repayment of principal – Ballooning repayment based on repaying capacity.  DSCR to be complied in case of Term Loan.

Interest to be serviced during holiday period.

Working Capital : On Demand
11. Upfront fees / Processing

 

Charges
  • Processing Charges /Upfront Charges – 50% of Card Rate.
  • Documentation charges – 50 % Card Rate
  • Other Charges as per Service Charges Circular.
  • 100% concession in Processing fee , Documentation charges in case of takeover.
12. Take over Guidelines ·         Statement of account of the existing bank for preceding one year to be obtained and verified.

 

·         Sanction letter of existing banker to be obtained to verify the loan repayment is in order as per sanction terms.

·         Accounts should have Standard Asset Classification with the existing banks and recorded net profit after tax in the previous year and at least two years out of last 3 years, unless the account is in operation for less than three years.

·         All facilities of the borrower (instead of select facilities) should be taken over from the existing banks.

·         Repayment terms are same as per existing loan taken over from other banks / financial institutions. i.e. no extension from the original repayment

·         Security of assets charged for the facilities (Primary, Collateral, Personal / Corporate Guarantee) will continue as security to our Bank.

·         Liquidation of liabilities of loan from FIs / banks may be considered, provided those liabilities were / are in order.
13. Prepayment Penalty As per latest service charges circular.
14. Other Conditions 1.    Due Diligence of the Suppliers to be ensured.

2.    Amount should be remitted directly to the dealers / suppliers by means of DD / NEFT / RTGS.

3.    Unit should obtain necessary approvals from the appropriate / statutory/ regulatory authorities as applicable for setting up hospitals, nursing home, clinics etc.

4.    All securities should be adequately insured with Bank Clause – Premium to be borne by the borrower.

5.    Wherever term loan alone is sanctioned, it should be our endeavour to bring current account of borrower into our fold, to ensure that cash flow is captured and risk of default is mitigated

6.    Promoters’ contribution should be brought up front proportionately / or as per sanction terms.

7.    Pre-Release Audit/Legal Audit/ Deva are to be conducted as per extant guidelines of Credit Policy.

8.    Charges to be registered with ROC/other authorities as per extant guidelines.

9.    Compliance to KYC/ AML and other guidelines to be ensured.

10.  Credit Policy guidelines to be complied. Any modifications in the credit policy from time to time will form integral part of the scheme.

11.  Loan should be utilized for the purpose sanctioned and end use to be monitored through unit visits and other credit tools available for monitoring.

12.  Assessment criteria for Working Capital / TL /NFB facilities as per Credit policy. Working Capital assessment will be based on cash budget method.

13.  Common Application for MSMEs and checklist of documents should is available in www.indianbank.bank.in (Navigation : Menu>Products>Loan Products>MSME> 1. Checklist  2. Common Loan application Form

 

(Last modified on:Jul 17, 2026 at 10:34:09 am)