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Features of Terkar Capital’s Medical Equipment Loans

  • Loan Amount Range: Terkar Capital provides medical equipment loans ranging from ₹25 Lakhs to ₹100 Crores. This wide range caters to diverse needs, from small clinics purchasing diagnostic tools to large hospitals investing in advanced machinery like MRI or CT scanners. The flexibility in loan size ensures healthcare providers can finance equipment of varying costs, supporting both small-scale upgrades and large-scale expansions.
  • Competitive Interest Rates: Interest rates start at 9.5% per annum for INR loans, with USD loans linked to SIBOR + 300 basis points. These rates are subject to the applicant’s financial profile and market conditions. Competitive rates help healthcare providers manage repayment costs effectively, making it easier to invest in modern equipment without straining operational budgets.
  • Flexible Loan Tenure: Terkar Capital offers flexible loan tenure ranging from 3 to 5 years, extendable up to 15 years for larger projects. This flexibility provides borrowers with the ability to select a repayment period that aligns with their cash flow and business needs, ensuring manageable EMIs throughout the loan tenure.
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    • Minimal Documentation: Terkar Capital offers a streamlined application process with minimal documentation, making it easier for healthcare providers to apply for loans quickly and efficiently. Required documents typically include financial statements, business registration, and proof of medical qualifications (for individual professionals).
    • Collateral-Free Options: Many loans are available without the need for additional collateral. The medical equipment itself often serves as collateral, reducing the need for healthcare providers to pledge other assets. This makes the loan more accessible to smaller healthcare providers and individual medical practitioners.
    • Flexible Repayment Tenure: Repayment periods range from 3 to 5 years, offering flexibility to align with the healthcare provider’s cash flow and revenue generation. For larger projects or structured financing, tenures can extend up to 5 to 15 years, particularly under healthcare project finance options. This allows borrowers to spread repayments over a longer period, reducing monthly financial burdens.
    • Quick Turnaround Time (TAT): Funds can be disbursed in as little as 3-4 days, ensuring healthcare providers can quickly acquire equipment to meet urgent needs or capitalize on growth opportunities. For MSME healthcare loans, approval can be completed in 48-72 hours with a streamlined process, minimizing delays in upgrading facilities.
    • Collateral Flexibility: Terkar Capital offers both secured and unsecured loan options. Unsecured loans are available for smaller amounts or eligible borrowers, eliminating the need to pledge assets. For secured loans, the medical equipment itself may serve as collateral, reducing the need for additional assets. Collateral requirements vary based on the loan structure and project size.
    • Tailored Financing Solutions: Loans are customized to meet the specific needs of healthcare providers, whether for purchasing new equipment, upgrading existing technology, or refinancing current machinery. Terkar Capital conducts a financial SWOT analysis to assess the borrower’s financial health and design funding strategies that align with their operational goals. This ensures the loan terms are practical and sustainable.
    • Hassle-Free Application Process: The application process is designed to be efficient and streamlined. It begins with a consultation with Terkar Capital’s financial experts, who guide applicants through eligibility checks and documentation. The team assists with paperwork, ensuring all required documents are in order to expedite approvals. This reduces the administrative burden on healthcare providers.
    • Minimal Documentation: Required documents include:
      • Company Documents: PAN Card, Certificate of Incorporation, Udyam Certificate, GST Certificate, Rent Agreement, or Electricity Bill.
      • KYC Documents: Aadhaar, PAN, Passport, or Voter ID of promoters/directors.
      • Financial Documents: Bank statements (last 6–12 months), audited financial statements, and ITR for the past 2–3 years.
      • Medical Registration Certificate for professionals.
      Additional documents may be requested based on the lender’s requirements, but Terkar Capital simplifies the process by coordinating with financial institutions.
    • Eligibility Criteria: Eligible applicants include hospitals, clinics, diagnostic centers, pathology labs, pharmacies, medical device manufacturers, and healthcare startups. Applicants must demonstrate a stable financial history, a viable business plan, and the ability to repay the loan. For doctors, a recognized medical degree (e.g., MBBS, MD, MS) and registration with the respective medical council are required, along with 1–5 years of professional experience. A good CIBIL score (preferably 700 or above) enhances approval chances.
    • Support for Diverse Equipment: Loans can finance a wide range of medical equipment, including X-ray machines, MRI machines, CT scanners, hospital beds, dental instruments, optometry instruments, surgical tools, and more. Financing supports both new and refurbished equipment, enabling healthcare providers to enhance patient care with the latest technology.
    • No Foreclosure Penalties: Terkar Capital’s doctor loan programs, which include medical equipment financing, often feature no foreclosure penalties, allowing borrowers to repay early without additional costs. However, prepayment charges may vary based on the lender and loan agreement.
    • Free CIBIL Score Check: Terkar Capital offers a free CIBIL score check to help applicants assess their creditworthiness before applying. This helps identify any credit issues early and improves loan approval chances.
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Benefits of Medical Equipment Loans from Terkar Capital

  • Access to Advanced Technology: Loans enable healthcare providers to acquire cutting-edge medical equipment, such as MRI machines, CT scanners, X-ray machines, surgical tools, or diagnostic devices, without the need for large upfront capital. Upgrading to modern equipment enhances diagnostic accuracy and treatment capabilities, improving patient outcomes and attracting more patients.
  • Preserves Working Capital: Financing equipment through loans allows healthcare providers to conserve cash reserves for other critical expenses, such as hiring skilled staff, expanding facilities, or covering operational costs. This ensures financial flexibility and supports day-to-day operations without straining budgets.
    • Flexible and Affordable Repayments: Terkar Capital offers repayment tenures ranging from 3 to 5 years (and up to 5 to 15 years for larger projects), allowing borrowers to align repayments with their cash flow and revenue cycles.
    • Quick Access to Funds: With a turnaround time of 3-4 days for disbursal, providers can quickly acquire equipment to meet urgent needs, seize growth opportunities, or replace outdated machinery.
    • Customized Financing Solutions: Loans are tailored to the specific needs of healthcare providers, whether for purchasing new equipment, upgrading existing technology, or refinancing current assets.
    • No Need for Large Upfront Investment: Medical equipment loans eliminate the need for significant upfront payments, making it easier for small clinics, startups, or individual practitioners to invest in high-cost equipment.
    • Collateral Flexibility: Terkar Capital offers both secured and unsecured loan options. For secured loans, the equipment itself can often serve as collateral, reducing the need to pledge additional assets.
    • Boosts Practice Growth and Competitiveness: Modern equipment enhances the quality of services, attracting more patients and increasing revenue potential.
    • Tax Benefits: Interest paid on medical equipment loans may be tax-deductible as a business expense (subject to local tax regulations), reducing the overall cost of borrowing.
    • No Foreclosure Penalties (in Some Cases): Terkar Capital’s doctor loan programs, which include medical equipment financing, often feature no foreclosure penalties, allowing borrowers to repay loans early without additional costs.
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How to Apply for a Medical Equipment Loan with Terkar Capital

  • Step 1: Assess Your Requirements
    1. Determine the equipment you need (e.g., MRI, X-ray, hospital beds, dental instruments) and estimate the cost.
    2. Calculate the loan amount required (Terkar Capital offers loans ranging from ₹25 Lakhs to ₹100 Crores).
    3. Plan your repayment based on your cash flow and choose a suitable tenure (typically 3 to 5 years, extendable for larger projects).
  • Step 2: Check Eligibility
    1. Confirm eligibility: Hospitals, clinics, diagnostic centers, medical device manufacturers, healthcare startups, and individual doctors (with valid degrees and registration).
    2. Check key eligibility criteria: Stable financial history, repayment ability, professional experience, and a good CIBIL score (700+).
  • Step 3: Contact Terkar Capital
    1. Reach out through Terkar Capital’s official website or contact them via phone or email.
    2. Schedule a consultation with Terkar Capital’s financial experts.
    3. Terkar Capital will conduct a financial SWOT analysis to recommend tailored loan options.
    4. Locations: Terkar Capital operates in cities like Pune, Mumbai, Hyderabad, Delhi, Bengaluru, Chennai, and Kolkata, making it easy to connect.
  • Step 4: Gather Required Documents
    1. For Companies: PAN Card, Certificate of Incorporation, Udyam Certificate (for MSMEs), GST Certificate, Rent Agreement/Utility Bill (proof of business address).
    2. KYC Documents: Aadhaar, PAN, Passport, or Voter ID of promoters/directors.
    3. Financial Documents: Bank statements (last 6-12 months), Audited financial statements, Income Tax Returns for the last 2-3 years.
    4. For Medical Professionals: Medical Registration Certificate, Proof of qualifications (MBBS, MD, MS, etc.).
    5. Additional Documents: Equipment quotation/invoice, business plan/project details for large-scale financing.
  • Step 5: Submit the Loan Application
    1. Work with Terkar Capital to complete the loan application form.
    2. Submit documents digitally (via email or online portal) or in person at their office.
    3. Terkar Capital’s team will review documents and submit your application to their network of 100+ financial institutions for approval.
    4. Financial SWOT analysis will help strengthen your application and secure competitive terms.
  • Step 6: Loan Approval and Processing
    1. The lender will assess your application based on creditworthiness, repayment capacity, and equipment value.
    2. Approval times: MSME healthcare loans within 48-72 hours; standard medical equipment loans within 3-4 days.
    3. Once approved, you will receive a loan offer with details of the amount, interest rate, repayment terms, etc.
  • Step 7: Accept the Loan Offer
    1. Review the loan terms carefully (interest rate, repayment schedule, collateral, etc.).
    2. Sign the loan agreement and complete any final formalities.
  • Step 8: Repayment and Ongoing Support
    1. Begin loan repayments as per the agreed schedule (monthly, quarterly, or customized EMIs).
    2. No foreclosure penalties: Some loans may offer no penalty for early repayment (verify with lender).
    3. Terkar Capital provides ongoing support for any queries or assistance during the loan tenure.

Eligibility Criteria for Terkar Capital Medical Equipment Loan

  • Eligible Applicants:
    • Healthcare Institutions: Hospitals, clinics, diagnostic centers, pathology labs, pharmacies, and medical device manufacturers.
    • Healthcare Startups: New ventures with a viable business plan in the healthcare sector.
    • Medical Professionals: Doctors (MBBS, MD, MS, BDS, MDS) and certified healthcare practitioners like physiotherapists or optometrists (subject to lender approval).
  • Professional Qualifications (For Individual Doctors):
    • Recognized medical degree from an accredited institution (e.g., MBBS, MD, BDS).
    • Valid medical registration with the Medical Council of India or a State/Dental Council.
    • 1–5 years of experience (can vary; new practitioners may need a co-applicant or strong plan).
  • Financial Stability:
    • Consistent revenue/income stream and ability to repay the loan.
    • Positive cash flow and profitability (or clear path to profitability for startups).
    • Good CIBIL score (700+ preferred); free CIBIL check available.
    • Healthy debt-to-income ratio for repayment capacity.
  • Business or Practice Requirements:
    • Viable business plan describing operational improvements, patient care enhancements, or revenue generation through the equipment.
    • 1–3 years of operational history preferred; strong promoter experience may substitute for new setups.
    • Compliance with legal and regulatory norms: GST registration, Udyam registration, and relevant licenses.
  • Documentation:
    • For Companies: PAN, Certificate of Incorporation, Udyam and GST Certificates, proof of business address.
    • KYC Documents: Aadhaar, PAN, Passport, or Voter ID of promoters or individual applicants.
    • Financial Documents: Last 6–12 months of bank statements, audited balance sheet and profit & loss statements, ITRs for the last 2–3 years.
    • Medical Professionals: Medical registration certificates and qualification proofs.
    • Additional: Equipment quotation/invoice, business plan/project report if applicable.
  • Loan Amount and Purpose:
    • Loan range: ₹25 Lakhs to ₹100 Crores (based on profile and requirements).
    • Used for purchasing or refinancing medical equipment (MRI, X-ray, hospital beds, dental tools, etc.).
    • Both new and refurbished equipment may be considered.
    • Collateral may include the equipment itself for secured loans. Unsecured options available for eligible profiles.
  • Other Considerations:
    • Age: Individual applicants should be between 25–65 years (may vary).
    • Location: Services available across India, with strong presence in cities like Pune, Mumbai, Hyderabad, Delhi, Bengaluru, Chennai, and Kolkata.
    • Repayment Capacity: Must be demonstrated via existing income, projections, or financial strength.
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Documents Required forTerkar Capital Medical Equipment Loan

  • Company/Business Documents (For Healthcare Institutions and Startups):
    • PAN Card of the business or entity applying for the loan
    • Certificate of Incorporation (for registered companies)
    • Udyam Certificate (for MSME registration)
    • GST Certificate
    • Proof of Business Address: Rent Agreement or Utility Bill (not older than 3 months)
    • MOA and AOA (for companies)
    • Partnership Deed (for partnership firms)
    • Shop and Establishment License (if applicable)
  • KYC Documents (For Promoters/Directors or Individual Applicants):
    • Identity Proof (any one): Aadhaar, PAN, Passport, or Voter ID
    • Address Proof (any one): Aadhaar (if not used as ID), Passport, Utility Bill, or Rent Agreement
    • Recent passport-size photograph
  • Financial Documents:
    • Bank Statements (last 6–12 months of personal or business accounts)
    • Audited Financials: Balance Sheet & Profit & Loss Statement (last 2–3 years)
    • Income Tax Returns (last 2–3 years with computation of income)
    • Projected Financials (for startups or large loan applicants)
  • Medical Professional Documents (For Individual Doctors or Practitioners):
    • Medical Registration Certificate (MCI/State Council/DCI/etc.)
    • Proof of Qualifications (MBBS, MD, BDS, etc.)
    • Experience Proof: Certificates or appointment letters showing 1–5 years of experience
  • Equipment and Loan-Specific Documents:
    • Quotation or Proforma Invoice from the equipment supplier
    • Detailed Business Plan or Project Report (if applicable)
    • Loan Application Form (provided by SMC Finance/Terkar Capital)

Factors Affecting Terkar Capital Medical Equipment Loan Approval

  • Creditworthiness and CIBIL Score: A CIBIL score of 700+ is preferred for better interest rates and faster approvals. Terkar Capital offers free credit score checks and guidance on profile improvement.
  • Financial Stability and Repayment Capacity: Stable income, positive cash flow, and low debt-to-income ratio support eligibility. Financial documents such as ITRs, audited statements, and bank records are reviewed.
  • Professional Qualifications and Experience: Valid medical qualifications (e.g., MBBS, BDS) and 1–5 years of experience are critical for individual professionals; operational history matters for institutions.
  • Purpose and Type of Equipment: Equipment must be medically relevant. Both new and refurbished items are eligible with proper quotations. Project reports showcasing revenue potential improve chances.
  • Loan Amount and Tenure: Loans range from ₹25 Lakhs to ₹100 Crores with flexible tenure (3–15 years). The amount must align with equipment cost and repayment capacity.
  • Collateral and Security: Equipment is typically hypothecated. High-value loans may need additional property or assets as collateral. Unsecured loans are available for eligible applicants.
  • Documentation: KYC, business registration, financials, professional and equipment-related documents are mandatory. Missing paperwork may delay processing.
  • Business Plan and Revenue Potential: A strong plan highlighting ROI from the equipment and projected income strengthens the application, especially for startups or high-value machinery.
  • Interest Rates and Market Conditions: Rates start from 9.5% p.a. for INR and SIBOR + 300 bps for USD. Collateral and credit profile influence final rates.
  • Lender Policies and Terkar Capital Network: With access to 100+ institutions, Terkar Capital ensures matched financing solutions based on lender policies and SWOT analysis.
  • Operational and Legal Compliance: Valid GST, Udyam, medical licenses, and regulatory adherence are required. Legal issues can impact approval.
  • Turnaround Time and Urgency: Standard MSME loans are approved within 48–72 hours and disbursed in 3–4 days, supporting urgent equipment needs.

Frequently Asked Questions (FAQs) About Medical Equipment Loans from Terkar Capital

What is a medical equipment loan?
A medical equipment loan is a specialized financing option that allows healthcare providers to purchase or refinance medical equipment, such as MRI machines, CT scanners, X-ray machines, hospital beds, or diagnostic tools, without depleting their working capital. Terkar Capital offers tailored loans to meet the unique needs of the healthcare industry.
Who is eligible for a medical equipment loan from Terkar Capital?
  • Healthcare Institutions: Hospitals, clinics, diagnostic centers, pathology labs, pharmacies, and medical device manufacturers.
  • Healthcare Startups: New ventures with a viable business plan.
  • Medical Professionals: Doctors with recognized qualifications (e.g., MBBS, MD, MS, BDS) and valid registration with the Medical Council of India or state councils.
Requirements include:
  • Stable financial history and repayment capacity
  • A good CIBIL score (preferably 700 or above)
  • Professional experience (typically 1–5 years)
  • Valid business registrations (e.g., GST, Udyam for MSMEs)
What types of medical equipment can be financed?
  • Diagnostic equipment (MRI, CT scanners, X-ray machines, ultrasound machines)
  • Surgical tools and hospital beds
  • Dental instruments and optometry tools
  • Pathology lab equipment and telemedicine solutions
Both new and refurbished equipment are eligible, subject to lender approval.
What is the loan amount and repayment tenure?
Loan Amount: ₹25 Lakhs to ₹100 Crores, based on equipment cost and financial profile.
Repayment Tenure: 3 to 5 years typically; extendable up to 15 years for large-scale or structured financing.
Flexible repayment options are available to align with your cash flow.
What are the interest rates for medical equipment loans?
  • INR Loans: Starting at 9.5% per annum, subject to credit profile and market conditions.
  • USD Loans: Linked to SIBOR + 300 basis points.
Rates may vary based on loan size, tenure, CIBIL score, and collateral. Terkar Capital’s network of 100+ institutions ensures competitive options.
What documents are required to apply?
  • Company Documents: PAN, Certificate of Incorporation, GST, Udyam, Rent Agreement or Electricity Bill
  • KYC Documents: Aadhar, PAN, Passport, or Voter ID for promoters/directors
  • Financial Documents: Bank statements (6–12 months), audited financials, and ITR (2–3 years)
  • Medical Documents: Medical Registration Certificate, qualifications (MBBS, MD, etc.)
  • Equipment Documents: Quotation or invoice from the supplier
Terkar Capital assists with document preparation to ensure compliance.
How long does it take to get the loan approved and disbursed?
Approval: 48–72 hours for MSME loans; 3–4 days for standard loans.
Disbursal: Within 3–4 days of signing the agreement.
Is collateral required for the loan?
  • Secured Loans: Equipment may serve as collateral; additional assets may be required for high-value cases.
  • Unsecured Loans: Available for eligible applicants with strong credit profiles, eliminating the need for collateral.
Terkar Capital provides flexible options based on loan size and applicant financials.
Can startups or new practitioners apply for a medical equipment loan?
Yes, they can apply by:
  • Submitting a viable business plan showing equipment-based revenue
  • Having a strong credit profile or experienced co-applicant
  • Meeting specific lender requirements (e.g., financial projections, basic collateral)
Are there any foreclosure penalties?
Many of Terkar Capital’s doctor loan programs allow foreclosure without penalty. However, prepayment terms vary, so applicants should confirm details before signing the loan agreement.

List of Terkar Capital Medical Equipment Loans

  • Terkar Capital Secured Medical Equipment Loans
  • Terkar Capital Unsecured Medical Equipment Loans
  • Terkar Capital MSME Healthcare Equipment Loans
  • Terkar Capital Doctor’s Professional Loans for Equipment
  • Terkar Capital Healthcare Project Finance for Equipment
  • Terkar Capital Refinancing Loans for Existing Equipment
  • Terkar Capital Term Loans for Medical Equipment
  • Terkar Capital Structured Equipment Financing
  • Terkar Capital Working Capital Loans for Equipment Purchases
  • Terkar Capital Customized Equipment Leasing Solutions