Simplified and collateral free bank loan from SBI for registered Dentist who has BDS and above qualification. The details of Dental Doctor Plus of SBI is given below:
Eligibility for availing SBI Dental Doctor Plus bank loan
- Individuals / Partnership firms / Ltd. Co / Trust.
- Promoters should have minimum BDS and should be registered practitioners.
Purpose of Dental Doctor Plus
- To boost the financing to Dental equipment under tie-up arrangement.
- To finance qualified dentists
- For buying equipment
- Any other activities related to Dental profession
Nature of facility
Dental Doctor Plus scheme given as a facility of Term loan
Margin for Dental Doctor Plus
- Up to Rs. 25,000 – NIL
- Over Rs. 25,000 and up to Rs. 5 Lakhs – 10%
- Over Rs. 5 Lakhs and up to Rs. 10 lakhs – 20%
Tenure of Dental Doctor Plus Loan
- Maximum period of 5 to 10 years with maximum moratorium period of 6 months
- For construction purposes the moratorium period is 12 months (can be relaxed upto 24 months at the discretion of an authority one level higher than the sanctioning authority)
Primary security for Dental Doctor Plus
Hypothecation of assets financed by the Bank is required.
Collateral security for Dental Doctor Plus
There is no security for Dental Doctor Plus
Loan amount for Dental Doctor Plus
Maximum of Rs.10 Lakhs. If more fund is required, Doctor plus can be opted for qualified medical practitioners.