How Financial Hands Can India's Healthcare Sector

With recent technological breakthroughs, the medical field in India has become largely dependent on high-tech equipment and software to facilitate ease of treatment. 

While upgrading one’s medical facility or lab with the latest equipment is a necessity, financing their purchase can pose as a problem, since most have a high price tag attached to them.

Nonetheless, medical equipment loans made available by financial institutions in India can act as a convenient solution to fund this expense.

These advances are a type of business loan for doctors that proffer borrowers with several benefits. 

These are high-value loans available at attractive rates of interest, which can help to finance the purchase of equipment like X-ray and ECG machines, angiogram equipment, MSI scanners, etc. that often come attached with heavy import duty. 

Furthermore, these loans also offer borrowers several other advantages like no end-use restrictions, flexible tenor, instant disbursal, easy to meet eligibility criteria and documentation requirements.

Since these credits can be availed by various types of medical practitioners, the eligibility criteria for each such category of individuals also vary. 

Nonetheless, even though these loans are highly accessible, borrowers should ensure that they comply with the eligibility criteria put forth by financial institutions before applying for them.