Personal Loans » Consumers Loan Scheme » Medical Equipment Loan
Medical Equipment Loan
A personal loan scheme meant for professionals (Practicing Physician) only to support their small-scale purchase of different medical equipment, tools and small machineries for installation at their chamber.
Any Bangladeshi in the following profession as self employed or salaried people: Practicing Physician/Surgeon.
For purchase of items to support professional needs of above customer segment (e.g. purchase of X-ray machine, medical beds, ultra- sonogram machine, mechanical tools, or set up of chamber on a small scale etc)
Monthly net income must be 3 times of loan installment.
Maximum loan size will be Tk.5 Lac
Installment Size per Lac
Tk. 3,505/- per Lac
Loan to Price Ratio
Financing 75% of the cost of the item is allowed
Hypothecation over purchased assets.
Comprehensive insurance over assets (Policy must be renewed every year and copy of the policy must be submitted to the bank)
Post dated cheques for each monthly installment
One undated cheque for full loan value including full interest to be taken in advance.
Personal Guarantee of spouse/parents and an individual having minimum solvency/income not less than that of the borrower supported by income proof.
Penal interest shall be charged @ 2% over the normal rate on the defaulted installments.
Equal Monthly Instalment
Wherever possible, payment to be made by issuing Payment Order in vendors name
Verification of Personal Details and Quotation/span>
Details of an applicant to be verified by a third party before an approval is accorded.
Letter from employer with details of employment and salary
Borrower and Guarantors (if any) details (addresses – both present and permanent, all telephone numbers of residence, office & mobile no.)
Personal net-worth statement
Quotation of the item to be purchased
Substantiation of Income
Proper substantiation of income will be mandatory.
All or any of the following original / true copy of original (accepted only after seeing the originals) documents are accepted for the purpose:
Last Tax Return
Bank Statements for minimum last 6 months
Personal Net-Worth Statement
Any other document that may stand as a proof of income
For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at [email protected]