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Reliance Healthcare Finance

FAQ on Healthcare Finance

Who can avail of Healthcare Finance?Self-employed doctors in the age group of 24 to 65 years(at the end of the loan tenure).Partnership Firms&Private Ltd.Companies.

How much finance can I avail of?

You can borrow up to 10 crores

What are the tenure options?Healthcare finance loans range from a minimum of 6 months up to a maximum of 6 years

How long will it take to process the loan?

Loans are processed within 4 working days of completing the documentation.

Do I need a guarantor?

For sole applicant-one adult family member to be co-applicant.Partners/Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co.respectivel.

Do I have the option of pre-paying the entire loan amount?Yes.One can pre-pay the loan at any time after 6 months of availing of the loan.Foreclosure charges would be applicable.

How do I repay the loan?

You can make part pre-payments of a minimum amount of Rs 50,000 after 6 months from the date of first disbursement of the loan.This payment canbe made only once in a financial year subject to a maximum of 25%of the balance outstanding against your loan amount at the start of the financialyear.

How do I repay the loan?Electronic Clearing System(ECS)ORPost dated cheques(PDCs)

What are the stages involved in availing a loan?The stages involved are:ApplicationProcessing

DocumentationSanctioning of the loanDisbursement

Reliance Healthcare Finance - Fees And Charges

Description of Charges Charges

Loan Processing Charges Upto 2% of loan amount + Service Tax

Non Refundable processing fees (included in processing fees) Rs.1500

Cheque bounce charges Rs.450

Late Payment charges 3% pm on unpaid amount

Cheque swapping charges Rs. 500 per swap

Prepayment charges5 % + ST within 12 months of disbursement,2% + ST thereafter (on the outstanding principle)

Loan cancellation and rebooking charges Rs. 2000

Loan reschedule charges 3% on POS

Loan Statement charges ( per statement) Rs:500

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NOC Issuance charges First - 'Nil', Thereafter Rs 500

Legal / repossession and incidental charges Actuals

Insurance Premium Actuals

Advance EMI Actuals

Service Tax, as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevantregulations of the Government of IndiaTerms and conditions apply.

All loans are disbursed at the sole discretion of Reliance Capital Limited. All information herein is subject to change without notice. Under nocircumstances cash, bearer or blank cheque or kind should be given to any executive in connection with the Loan application. Kindly note that all Postdated cheques and Transaction charge cheques should be crossed and issued in favour of Reliance Capital Limited.

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Reliance Healthcare Finance - Documentation

Application form

Passport copy / PAN Card / Ration card

Office address proof

Passport sized photographs of all applicants / co-applicants

Certified copies of MOA / AOA /Partnership deed

Repayment track record

2 years audited financials

2 yrs ITR of directors/partners

6 months bank statement of main operating account

Professional qualification certificate in case of Doctors

Proforma invoice of the equipment to be purchased.

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Reliance Healthcare Finance - Eligibility

Minimum Age of Applicant: 24 years.

Business / Practice: 3 years.

Residency/Workplace stability.

Doctors/ Non-Doctors

All loans will be at the sole discretion of Reliance Capital Limited.

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Reliance Healthcare Finance - Features And Benefits

Loans to take care of your medical equipment purchase.

Loans for Hospital Infrastructure requirements

Avail of these loans with minimal collateral.

Convenient EMIs.

Higher Loan eligibility.

Flexibility of loan tenor.

Easy repayment option by way of simple EMIs.

Balance Transfer - easily transfer existing medical equipment loans to us from other financiers at attractive interest rates.

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Reliance Healthcare Finance

Give people a bigger chance at life

Increase peoples chance to get the most out of life with Reliance Healthcare Finance.

We understand that acquiring the latest medical technology and cutting-edge hospital equipment is vital for you to provide your patients with the besttreatment possible.

Our healthcare loan and medical equipment loan options come with minimal collateral, convenient EMI payment options based on your chosen tenorand higher loan eligibility. You also have access to a balance transfer facility at attractive interest rates.

Dont just be a healer; be somebodys biggest hope.