Doctors planning to begin their practice or anyone planning to open a hospital will need some equipment to provide treatment and services. But purchasing medical equipment can be expensive, and one might not have the funds they need for it. This is where a medical equipment loan can help. The healthcare sector is expensive, and setting up a medical facility can be expensive.
So, for instance, an X-ray viewer can cost around INR 10,000 to INR 13,000. On the other hand, one MRI machine can cost around INR 1 crore, and examination tables and a 45 to 47-liter oxygen cylinder can cost around INR 12,000 and INR 16,000, respectively. So, to ensure you have the funds to purchase all these things, applying for a healthcare equipment loan is crucial.
When it comes to medical equipment financing, you will come across various types of loans. You can opt for a loan that matches your needs and requirements. Let's check out what these loans are:
These loans are ideal for all doctors who wish to open their medical facilities.
These loans are ideal for private firms, partnership companies, proprietorships, trusts, and many more. These loans come with a higher limit on the loan amount one can easily borrow.
These types of loans are ideal for all dentists, and the loan amount one can borrow will not be higher than the loan for physicians.
Individuals who take loans from medical equipment financing companies will benefit from many features. These are:
When you decide to apply for medical equipment loans, you must submit certain documentation. These documents will help in approving the loan.
Piramal Finance makes it quite easy to apply for a medical equipment loan. All you need to do is carry out the straightforward steps below:
Visit Piramal Finance Medical Equipment Loan page. Read the features and eligibility criteria, and start the application process.
Click on Apply Now
Fill in the required personal details such as Name, Contact Number, Birth Year & Business Loan Amount.
Choose the employment type Salaried OR Self-Employed
Add your monthly income
Select the State and Branch (enter the branch by city) and Submit the medical equipment loan application form..
Wait for a call from the official representative to move ahead with the processes.
After completing all the steps, like scanning, uploading the required documents, and paying the processing fees, wait until your medical equipment loan application is approved.
Now, finding medical finance services has become much easier due to the presence of companies like Piramal Finance. We offer many kinds of loans for physicians, private companies, and dentists, which they can utilize to purchase important medical equipment for running their medical facilities. The loan application process is extremely smooth, and one will not experience any problems when applying for a loan. We ensure our clients get the loan on time with fewer hassles and more convenience.
The medical equipment loans will enable medical facilities and even doctors to purchase medical equipment that is required to provide effective treatment and services to their patients.
Yes, you can apply for these loans online if you fit the criteria given below:
To apply for medical equipment loans, you need to look for trusted websites, such as Piramal Finance, and apply for the loan by filling up the loan application. Be sure to provide all the correct documents, and it will be approved in less than 3 days.
Physicians, nursing homes, dentists, medical labs, physicians specializing in Ayurveda, etc., can easily apply for this loan.
Yes, they do, but it highly depends on the applicant's eligibility criteria.
You will come across several types of medical equipment loans, such as loans for all doctors, loans for all dentists, and loans for all medical companies or facilities.
The medical equipment loan gets disbursed to the dealer or manufacturer to purchase the medical equipment.
When you apply for the medical equipment loan, you will get a loan amount of over INR 10 Lakhs. You can repay the loan without any hassle within 60 months.
If you're looking for a loan account statement, you can easily find it on Piramal Finance's website at the customer's portal. This portal can manage and view the loan account statement anytime and anywhere.
To apply for this loan, you can follow these steps: