Karur Vysya Bank- Doctors Loan

Purpose of Loan:

Finance is available for any professional development purpose including purchase of machineries / equipments / apparatus / other tools, furnishing of consultation room, purchase of A/C etc.

Eligibility:

The bank is providing credit facilities to finance the urgent need of doctors / dentists who are re in continuous practice and not at present enjoying any credit facility with any bank. 

Quantum of Loan:

Repayment of Loan:

Repayment period is at a maximum of 5 years.

Security of Loan:

Hypothecation of existing equipment machineries etc. and any other machineries equipment to be purchased out of the bank loan would be required as security.

Rate of Interest:

Interest rate of Karur Vysya Doctors Loan is 13.50 %.

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Karur Vysya Bank- Professional Loan

Purpose of Loan:

• To acquire machinery / equipment / apparatus / computers / tools / vehicle / furniture and other Office equipments.

• To finance foreign business trips/seminars/conferences.

Eligibility:

Individuals / Proprietorships / Partnership firms like; Doctors, Dentists, Chartered Accountants, Lawyers, Chartered Engineers, Architects.

Quantum of Loan:

Loan available up to Rs 15,00,000/- with a margin of 20%.

Rate of Interest:

Interest rate of Karur Vysya Professional Loan is 13.50 %.

Repayment of Loan:

Repayable in 60 monthly installments (EMI’s)

Guarantor:

• Personal guarantee of all partners in partnership firms.

• Personal guarantee of the title holders if he is not the borrower of borrowing firm.

• Other persons with good means wherever collateral is not available.

For more information: Website