Medical Equipment Loan
Ashwini Finance’s Medical Equipment Loan empowers healthcare providers to invest in essential medical technology. This financing solution supports improved patient care, operational efficiency, and sustainable growth while ensuring financial stability.
Eligibility
- Minimum Age – 21 years
- Assessment of your income and standard of living
- Stability of residence
- Your Money Margin in Proposed Equipment
- Your equity in the proposed vehicle
- Established cash flow by way of salary income or business income of self-employed professionals
- Prior credit history, if any, should be satisfactory
- Credit norms, as applicable
List of Documents
- Loan Application Form
- Identity proof.
- Address proof.
- IT Return Latest 3 Years
- Latest Bank Statement (Minimum 6 months – Maximum 1 Year)
- Guarantor Documents if Applicable
- Other relevant documents.
Loan Margin & Financing Structure
Top Features of Medical Equipment Loan
Enjoy attractive offers, zero pre-closure charges, and flexible down payment options. Experience financing that adapts to your needs, not the other way around.
Top Features of Medical Equipment Loan
Enjoy attractive offers, zero pre-closure charges, and flexible down payment options. Experience financing that adapts to your needs, not the other way around.
Frequently Asked Questions
A medical equipment loan helps healthcare providers or individuals finance the purchase of medical devices or equipment. The loan is repaid in monthly installments with an interest rate based on the loan amount and tenure.
Eligibility typically requires a valid business license (for healthcare providers), proof of income or revenue, and a good credit score. Individuals may need additional documentation like medical need verification.
The loan amount depends on the cost of the equipment, the applicant’s income, and repayment capacity. Lenders usually finance a major portion of the equipment cost.