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Financial schemes personalised to suit your professional needs are hard to find. But not anymore! If you are a qualified medical practitioner looking for financial aid to setup or renovate your clinic, look no further than Doctor Plus Scheme offered by State Bank of Hyderabad.
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Objective of SBH Doctor Plus Scheme
State Bank of Hyderabad introduced Doctor Plus scheme to provide financial assistance for:
Purchasing medical equipment.
Set Up new clinics or clinic-cum-residence.
Purchase of assets like ambulance, computers and more.
Set Up drug stores.
Setting up nursing homes, Pathological labs, polyclinic or X-Ray labs etc.
Renovation of existing clinics.
Working capital to run the clinic.
Any other expenses related to medical profession.
Features of SBH Doctor Plus Scheme
Loans up to Rs.10 crores can be sanctioned under Doctor Plus Scheme.
15% loan margin.
No collateral security required for loan amount up to Rs.10 lakhs. New customers have to submit collateral for 50% of loan amount for loan amount above Rs.10 lakhs. Existing customers have to submit collateral for 40% of loan amount for loan amount above Rs.10 lakhs.
Primary security will be hypothecation of assets.
No processing fees will be charged for loan up to Rs.25 lakhs.
This scheme can be availed by individuals, partnership firms, Trusts with powers to borrow or limited companies with qualified doctors as key promoters.
Any qualified medical professional with minimum qualification to practice medicine like MBBS, BAMS, GAMS or other related courses from any government recognised institutions.
Dentists with BDS qualification from any government recognised institutions.
Any individual above 25 years and below 60 years.
Fees and Charges
No processing fee for loans up to Rs.25 lakhs. For loan amount above Rs.25 lakhs to below Rs.1 crore, processing fee of Rs.250 per lakh is charged. For loan amount above Rs.1 crore, fee of Rs.200 per lakh is charged. Minimum processing fee charged is Rs.50, 000 and maximum is Rs.2 lakh.
For loan amount up to Rs.2 lakh, no up-front fee is charged. For loans above Rs.2 lakh, 0.50% to 0.75% fee is charged depending on the loan amount.
How to apply for SBH Doctor Plus Scheme?
Visit State Bank of Hyderabad website or walk into a bank to apply for Doctor Plus Scheme. You can also visit BankBazaar website to apply for this scheme instantly. BankBazaar.com also allows you to compare schemes offered by different banks to take the right decision.
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The credit limit offered by State bank of Hyderabad is 75,000. Actually, it is not sufficient for me, planning to upgrade my limit. It is a life time free card. There are some reward points and cash back offers are available for my card. I had no issues with the SBH with regards to my credit card.
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PARMESHWAR ASHOK TELANGE
Reviewed on Apr 07, 2017
I use a credit card of SBH Bank. I had been using the card for about a year now. There is no cash back offers on the card. There are reward points. But I have not redeemed them yet. The credit limit is very much satisfactory. The services and response is quite satisfactory.
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SUMANTH YARRAM PRASAD
Reviewed on Jun 29, 2016
State Bank of Hyderabad is very good than other public banks. As their customer service and response is satisfactory. No loan offers on my platinum credit card. Nine hundred rupees is the annual charge, I guess. Overall I am satisfied with the bank.
Credit card application process is very lengthy with State Bank of Hyderabad. Since my salary norms did not meet the eligibility criteria, they are not able to sanction the credit card to me. The salary drawn by the applicant must be above 25K. They are collecting the mandatory documents as per the bank norms.