|i||Eligibility||Any Individual bonafide member of the Bank.|
|ii||Type of facility||Term Loan|
|iii||Maximum Limit||Rs. 200.00 Lakh|
25% or above depending upon merit of each case.
|v||Purpose||For purchase of any medical equipments.|
|vi||Rate of Interest||As per bank’s rules|
|vii||Other charges||As per bank’s rules from time to time.|
|viii||Repayment||Up-to the maximum of 120 months in suitable monthly instalments.|
|ix||Primary Security||Hypothecation of the respective equipments financed by the Bank|
|x||Collateral Security||Registered mortgage of immovable property.|
|xi||Sureties||Two sureties of good means to the satisfaction of Bank, preferably an employee of any Government or Semi Government department, or Autonomous body or local bodies or Public Sector Undertakings or also of reputed Public limited Companies with at least 3 years of continuous service.|
a) Prospective borrower must be a Graduate or Post Graduate in any branch of Medicine or Surgery from a recognized Indian or foreign university and registered with Indian Medical Association.
The Vaish Cooperative Adarsh Bank Ltd.
Address: H.O.3, Netaji Subhash Marg, Darya Ganj
Phone: + 011 28832058/28834059/