Online Medical Product - axis bank
Online Medical Product - axis

AXIS BANK

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Eligibility

Business Vintage: Minimum 2 years in current profession

Business Income: Minimum business income of Rs. 5 Lakhs

Age: Minimum 21 years at the time of loan application
           Maximum 65 years at the end of loan tenure

Residence/Office Stability:

  • Either office or residential property is to be owned
  • Residence stability should be of at least 12 months
  • Office stability should be of at least 24 months

Documentation

KYC Documents

Duly filled in application form signed by the customer

Relevant financial documents

Bank account statement of last 6 months

PAN card/Form 60

Degree certificate & registration certificate with MCI or State Medical Council

Pro forma invoice/ Quotation of equipment or machinery being purchased

Commercial

Loan processing charges: Up to 1% + Applicable Taxes

Part Pre-payment Charges: NA

Foreclosure charges: 2.00% of principal outstanding

Penal interest: 2.00% p.a additional on existing rate of interest

Cheque Bounce Charges: Rs. 500/- per instance + Applicable Taxes

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