c
Medical equipment finance, as the name already suggests, is a credit facility which allows medical professionals to secure funding for financing the purchase of expensive medical equipment. As a healthcare professional, imaging machines, diagnostic tools and surgical kits are key to your practice. However, given the high-end costing, some medical professionals, especially those who just began their career, might have to think twice before buying them. That said, keeping the importance of medical equipment in mind, not buying the equipment is not an option. Thus, in such circumstances, medical equipment financing in India can be used as a source of funding.

Below are some advantages of medical equipment finance:-

  1. The loan can be availed as a flexi loan. This means, you would be approved for a certain amount and you can choose to withdraw the whole amount in one go or through multiple transaction. The benefit? You’ll pay interest only for the amount that you use instead of the total loan amount borrowed.

  1. The loan is available at a low interest rate: The primary aim of this credit facility is to entitle easy access to sufficient financial support to eligible medical professionals. Keeping that in mind, it is made sure the interest rates are kept on the lower side to make this facility more affordable and attractive.

The eligibility process is easy to qualify. As said above, the primary purpose of this credit facility is to ensure easy access to sufficient funds, it would only be possible if the eligibility conditions are easy to qualify. The guide defines the basic eligibility criteria for medical equipment finance.