NKGSB was established by a great visionary Sheth Shantaram Mangesh Kulkarni on 26th September, 1917. The Bank has not only grown in size of deposits and advances, but has multiplied its net worth making the institution financially sound and fundamentally strong. Medifina A red carpet is the name of the loan offered for medical professionals.
Purpose – The loan offers Equipment Finance, Refinance / Used Asset Finance, Funding for Imported Equipment, Hospital Infrastructure Finance.
Eligibility – Professional Medical practitioner
Quantum of loan – Maximum 100 % of vehicle value, Maximum 90 % of Equipments & Premises value
Documentation – In addition to the basic documents, the borrower has to submit documents such as degree or Professional Medical Certificate, Vehicle- Proforma Invoice of an authorised dealer, Equipment/Computer- Estimate / Quotation
Premises – Copy of Agreement or allotment letter, chain of Agreements in case of re-sale, NOC from Society, share Certificate of the society in the name of seller, Leave & license agreement if the applicant is currently staying on rent
Security – Mortgage of assets financed
Surety – 2 Guarantor’s
Repayment – Maximum 10yrs Including Moratorium period
Pre – payment – No charges for repayment through own source
Just like the other personal loan the medical professional loan also offers attractive interest rate with simple documentation processes.