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Magma Fincorp offers Zero Collateral Loans upto Rs. 30 Lakhs for Self Employed Doctors

FEATURES AND BENEFITS

  • Loans without any primary or collateral security requirements
  • Loan – Rs. 2 lakhs to 30 lakhs*
  • Loan Tenure – 12 to 60 months

* depends on sourcing location

WHO IS ELIGIBLE ?

  • Self Employed Doctors who are practicing on their own
  • Clinics / Nursing Homes / Hospitals where 60% of the directors / partners are qualified doctors
  • Allopathic doctors with valid IMA accredited degree
  • Post Graduate Doctors (MD/DM/MS/MCH/MDS) with Minimum 5 years of post qualification experience
  • Graduate Doctors (MBBS/BDS) with Minimum 8 years of post qualification experience

Self-Employed Doctors:

  • Self-Employed Doctors who own a clinic/nursing home/hospital
  • With an income from consultancy/salary income

Companies and Firms Companies:

  • Min 60% of directors to be qualified doctors and owning a clinic/nursing home/hospital

Firms:

  • Min 60% of partners to be qualified doctors and owning a clinic/nursing home/hospital

ELIGIBILITY 

  • At least 4 years basis Certificate of Practice
  • Minimum age 25 years and maximum age 65 years at loan maturity
  • Clear banking and loan payment history.
  • Positive net worth in last 2 years
  • Good credit rating in CIBIL

DOCUMENTATION

  • KYC documents
  • Company Financials
  • 6 months Banking
  • Property Ownership proof
  • Qualification proof
  • Certificate of Practice
  • IMA registration certificate