CvN
  • Business
    • Finance
    • Bit Coin
    • Crypto currency
    • Real Estate
    • trading
  • How To
  • Marketing
    • SEO
    • SMM
    • Social Media
  • Technology
  • Entertainment
  • Education
  • Health & Fitness
  • Home Decor
Write For us
No Result
View All Result
CvN
  • Business
    • Finance
    • Bit Coin
    • Crypto currency
    • Real Estate
    • trading
  • How To
  • Marketing
    • SEO
    • SMM
    • Social Media
  • Technology
  • Entertainment
  • Education
  • Health & Fitness
  • Home Decor
Write For us
No Result
View All Result
CvN
No Result
View All Result
Home Finance

Invest In Healthcare and Serve for your Country with Doctor Loan Facility

Share on FacebookShare on Twitter

Table of Contents

  • Usability of doctor Loans Facility
    • 1.   Starting a new clinic
    • 2.   Upgrading equipment 
    • 3.   Renovate the existing practices with Doctor Loan
      • 4.    Expanding existing practices

India’s healthcare sector is expanding at a CAGR of 16%-17% and is expected to reach US$ 372 billion by 2022. Additionally, the market for medical equipment in this country is also on the rise. It is expected to reach US$ 11 billion by the end of the same year. Data like these portray the enormity of the healthcare sector in this country. The same also suggests that it is the right time to invest in this sector.

Financial institutions across the country are offering doctor loans to medical professionals to encourage them to invest and improve the healthcare system even further.  Doctor loans consist of both secured (loan against property, home loan) and unsecured (business loans, personal loans) advances.

Medical practitioners can avail such credits to fulfill their various needs such as establishing a clinic, modernizing their existing one or purchase equipment, etc.

Usability of doctor Loans Facility

1.   Starting a new clinic

Apart from the extensive public medical system of India, the size of private healthcare in this country is also significant. Such private clinics have an essential role in India’s healthcare system. More often than not, these are the ones that provide critical treatment to a majority of patients.

Hence, doctors also become keen on opening their practice due to the wide possibilities it offers. However, it requires a substantial initial investment to start a medical practice.

Thus, financial institutions in the country are offering credit at affordable terms to encourage doctors to open clinics and provide medical support to their local communities.

One such example of credit is a loan against property offered under the umbrella of doctor loans. Individuals can borrow up to Rs.2 crore at a competitive interest rate to start their medical practice. Furthermore, it has a flexible tenor of up to 18 years which makes the repayment easy.

2.   Upgrading equipment 

Modern and new age equipment are required to provide better services to the patients. However, such modern technology does not come cheap.

To arrange this corpus, doctors can opt for either a business loan or a loan against property. With the former, they can avail a considerable amount of up to Rs.37 lakh and upgrade their medical equipment today.

3.   Renovate the existing practices with Doctor Loan

To comply with the rapid growth of the healthcare sector, existing clinics need to reinvigorate their position to be able to attract more patients. A quick renovation of it can help in this cause.

Healthcare professional can avail business loans or personal loans available as a part of doctor loans for this matter. The credit amount can go up to Rs.37 lakh, and the interest rate is attractive.

Moreover, these have a tenor of up to 96 months, making the repayment affordable. Additionally, the quick disbursal nature of this financial product makes it easy to avail.

4.    Expanding existing practices

Medical practitioners can also invest and expand their existing clinics or hospitals. They can apply for a secured loan to purchase or lease a property to expand their services.

They can avail up to Rs.2 crore for this purpose at a competitive interest rate. The tenor of this loan is up to 18 years, making it more affordable to repay. Additionally, lenders offer top-up loans for fulfilling further requirements.

Prominent NBFCs like Bajaj Finserv bring such loans to aid medical practitioners in investing in this sector and provide better healthcare services.

The company is offering various Bajaj physician loans at attractive interest rate, flexible tenor, part pre-payment facility and quick disbursal.

Furthermore, the NBFC also brings pre-approved offers to make the loan application process hassle-free and less time-consuming. These offers are available on a host of financial products like business loans, personal loans, etc. Loan applicants can check their pre-approved offers by submitting their essential contact details.

The healthcare sector in India is showing great promise and is expected to grow even further. With financial institutions offering affordable doctor loans to help healthcare professionals to invest in this sector, it is the right time to invest in this sector and serve their country.

Also Read:

  • Critical Things You Need Before Getting a Truck Loan
  • How Can a Business Loan Stop Your Debts From Spiraling?
  • What Are Small Loans and How Can They Benefit You?
  • Trend about SBI Gold Loan
  • Invest In Healthcare and Serve for your Country with Doctor Loan Facility
admin

admin

Related Posts

Should I Bother with Insurance for my New Business?
Finance

Should I Bother with Insurance for my New Business?

March 30, 2021
Stages of Money Laundering and How to Combat Launderers
Finance

Stages of Money Laundering and How to Combat Launderers

December 15, 2020
business Loan
Business

How Can a Business Loan Stop Your Debts From Spiraling?

March 7, 2021
Truck finance (2)
Loan

Critical Things You Need Before Getting a Truck Loan

March 7, 2021
top-9-reasons-to-apply-for-a-personal-loan
Finance

What Are Small Loans and How Can They Benefit You?

March 7, 2021
CARGO-SHIP-BLUE-56a9a77e5f9b58b7d0fdb427
Business

Measures taken by the Indian Government to boost exports in India

September 10, 2020
Next Post
Best Places To Visit In The Us In April

Best Places To Visit In The Us In April | Travel Guide

Comments 1

  1. Pingback: Best Places To Visit In The Us In April | Travel Guide - Cognovision

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

How Technology Can Help You Make Online Money

How Technology Can Help You Make Money Online

April 19, 2021
Amazon affiliate keywords research (2)

12 Expert Amazon Keywords Research Tips to Increased Sales and Rankings

April 19, 2021
ADVERTISEMENT

Get your latest updates on technology, Bitcoin, finance, education, health, entertainment, etc. follow our news latter to get weekly update

Follow Us

Get Started

  • Resources

  • Promotions

About

  • About us

  • Privacy Policy

  • Contact us

  • sitemap

Subscribe Now


No Result
View All Result
  • Contact US
    • About Us
    • Privacy Policy
  • Business
  • Bit Coin
  • Education
  • Health & Fitness
  • Marketing
  • Write For us – Author Guidelines
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.