 |
|
|
 |
 |
|
|
|
|
 |
FAQs |
|
|
|
If you have any queries that are not answered here, please call us or write to us at Healthcare.Financecoordinator@hdfcbank.com.
|
|
|
What is Healthcare Finance?
Healthcare finance is a new product launched by the bank to provide finance to Doctors, Hospitals, Diagnostic Centres, Nursing Homes, Trust, Societies, Ltd companies for purchase of medical equipment.
|
|
What is the process to get a healthcare finance loan?
The customer would need to submit the relevant pre-sanction documents (2 yrs financials including ITR, 6 months bank statements, proforma invoice, ID proof, academic documents). On receipt of the same at the local office the papers would be processed.
|
|
How much time will it take for my loan to be approved?
It would take about 3 - 4 working days after collection of pre-sanction documents.
|
|
What is the quantum of loan sanctioned?
A maximum of 80% of the quotation value/proforma invoice. However it would also depend on the strengths of the case.
|
|
How do I repay the loan?
Repayment through Post Dated Cheques (PDCs), Electronic clearing system (ECS) or standing Instructions (SI).
|
|
How is the interest charged/calculated?
Interest for the loan is charged on a monthly reducing balance method.
|
|
What is monthly reducing balance?
In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the each month.
|
|
Is a personal guarantor a must?
It is not mandatory. It would entirely depend on the strengths of the case.
|
|
Is there any prepayment charge or what happens if I prepay a loan?
There is a prepayment penalty of 4% of the loan outstanding.
|
|
Will I have to submit any collateral?
Collaterals are not mandatory, however it would depend on the loan amount being sanctioned and on the strengths of the case.
|
|
Do I need to open an account with HDFC Bank for servicing the loan?
No, opening account is not necessary.
|
|
Can HDFC Bank open a LC (letter of credit) for me if my loan is approved?
Yes, we can do that.
|
|
Do I have to pay processing fees?
Yes, a maximum of 2% on the loan amount is charged as processing.
|
|
What is the minimum & maximum tenure of the Loan?
The minimum tenure of the loan is 12 months. Maximum tenure would be 60 months.
|
|
| Contact us |
|
|
|
|
|
|
|
|
