Here’s Why Healthcare Finance is So Vital for Doctors

If you are a doctor and have a clinic, you may need funds from time to time to manage different aspects of your establishment. A lack of funds may mean not paying timely Salaries to employees, having cash flow, buying equipment, and more.

And liquidating assets to arrange funds when you need money to buy quality equipment is not a smart idea. It is because you can avail yourself of the option of healthcare finance professionals

Using the healthcare equipment finance facility, a medical professional can go ahead and bring so many different machines. Read on and know more!

What is healthcare equipment finance?

The facility of healthcare equipment finance helps a doctor buy high-quality and expensive machines. They are CT scanners, X-ray machines, MRIs, ECSs, and more. 

With healthcare equipment finance, it is possible for a doctor to equip their practice with the best apparatus available in the market. With all the different machines at a doctor’s clinic, it is possible to provide the best services and treatments to patients and clients. 

What are the benefits of healthcare equipment finance?

Applying for healthcare equipment finance can help a doctor enjoy multiple needs. Let’s take a look: 

  1. A significant amount of up to Rs.150 lakh 

Based on your eligibility and lender’s policies, you can avail of an amount between Rs.3 lakh and Rs.150 lakh for doctors. You can use the loan amount to buy different types of medical equipment. From buying new kits to refurbished diagnostic apparatus, the healthcare equipment finance can suffice all. 

  1. Affordable rate of interest 

The healthcare equipment finance is available at an attractive interest rate. In turn, it can let you repay with savings and not straining your wallets. 

  1. Repay over a flexible tenor 

Once you avail of the healthcare finance professionals’ facility, you don’t have to stress out to repay the loan quickly. You can spread the loan cost over a tenor ranging up to 84 months.     

  1. Easy to meet eligibility norms 

Applying for the healthcare finance professionals does not mean meeting complex eligibility parameters. It is because leading lenders make conditions easier for a doctor to approach the loan without complications. 

  1. Minimal documentation

The required documents required for applying for the healthcare finance professionals is less cumbersome. You can land on your preferred lender’s website and get an idea about what documents to furnish. This way, you can submit all and avoid the chances of rejections at bay. 

What eligibility parameters and documents are needed?

If you need an amount beyond Rs.50 lakh, you need to have a minimum of 2 years of business existence. 

Documents like the last 6 months’ bank account statements showcasing the transactions with a commercial bank are needed. 

If you want to bring advanced and refurbished machines to your clinic, you can simply apply for the healthcare finance professionals online. This way, you can easily give your medical practice the much-needed boost to survive the cut-throat competition.      

Bajaj Finserv offers pre-approved deals on business loans, home loans, personal loans and more. Its purpose is to simplify loan processing. You can check your pre-approved loan offers just by sharing your basic details, such as your name and mobile number.


IITSWEB is the Chief Business Development Officer at IITSWEB, a Magento design and development company headquartered in Redwood City, California. He is a Member of the Magento Association and an Adobe Sales Accredited Magento Commerce professional. Jan is responsible for developing and leading the sales and digital marketing strategies of the company. He is passionate about ecommerce and Magento in particular — throughout the years his articles have been featured on Retail Dive, Hacker Noon, Chief Marketer, Mobile Marketer, TMCnet, and many others.

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