Pre-approval documents for healthcare or medical equipment financing:

Completed application form

Last three years’ income tax returns with balance sheet and profit & loss account for all individual promoters (If a private limited or partnership, then applicable for company as well)

Last six months’ bank statements for all individual promoters (If firm, then applicable for the company as well).

Copy of Memorandum of Association (MOA) for private limited company or copy partnership deed for a partnership firm

KYC documentation for all promoters/firms

Track records of previous/ running loans

Details about the funding requirement/ project reports

Other documents as per funding needs

Post approval / pre-disbursement documents:

Loan agreement duly signed

Post-dated cheques (PDCs) / ECS form / standing instruction (SI) request with security PDCs as applicable

Margin money receipt

Any other documents as per the sanctioned credit facility’s TERMS AND CONDITIONS

Post-disbursement documents:

Original hypothecated invoice in case of healthcare finance equipment loans

Insurance policy duly endorsed in favour of HDFC Bank for the assets given as security to the bank

Bank will do the Asset Verification Report (AVR) within seven days of disbursement. Charges to be borne by the customer

Annual site visits to be done by the bank officials

Delay in submission of documents prescribed under the sanctioned terms will attract penalties / levies as per the bank policy.