Andhra Bank
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Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

Anytimers
 
DOCTOR PLUS
 
DOCTOR PLUS – LOANS TO CATER TO THE CREDIT NEEDS OF QUALIFIED MEDICAL PRACTIONERS INCLUDING DENTAL SURGEONS, PHYSIOTHERAPISTS AND RADIOLOGISTS.
 
  ELIGIBILITY

a) Constitution: Individuals,Firms, Limited Liability Firms, Companies Trusts and Societies engaged in rendering professional medical services. In case of non individual constitution – key promoter should be a qualified medical practitioner.

b)Qualification and Experience:
All practicing qualified medical practitioners holding a recognized graduate degree in any Branch of Medicine/Surgery/Dental Science/ Physiotherapy /Radiology/ Pathology /Diagnostic Imaging etc with a minimum practicing experience of two years.

 
 PURPOSE

To set up clinics, Pathological/X-Ray/ Sonographic /any other Diagnostic Imaging Laboratories /purchase of medical equipment, medical software, computers for hospital purposes. Furnishing of Nursing Homes (construction of Nursing Home is not covered under the scheme) Purchase of Ambulance, Working capital requirement for existing Nursing Home.

 
  NATURE OF FACILITY

Term Loan/Overdraft/both.
 
  MAXIMUM LOAN AMOUNT

Rs.20 Lakhs

75% of the revenue expenditure of the previous year as per Profit and Loss account certified by Chartered Accountant for working capital and 75% of the cost of equipment in case of Term Loan.

No collateral security or Third Party Guarantee.
To be covered under CGTMSE 
 
  RATE OF INTEREST
MCLR (1 year) + 3.30 %
 
  OTHER CHARGES

50% of applicable processing charges / upfront fee.
 
  CGTMSE COVERAGE

The credit facilities under the scheme are eligible to be covered under CGTMSE. At present MICRO and Small (Service) enterprises are eligible for coverage under CGTMSE, where the total investment in equipment at original cost should not exceed Rs. 2 crores. (Original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006).
 
  CGTMSE PREMIUM

CGTMSE premium to be borne by the borrower.
 
  REPAYMENT

Max. 84 months and holiday of 1 year for principal & interest.
For working capital limits (in the nature of Unsecured overdraft) for 1 year – eligible for renewal at the discretion of the Bank.
 
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