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Baroda Arogyadham Loan

  • Features
  • Eligibility
  • Terms and Conditions
  • Interest Rates and Charges
Purpose
  • Setting up/purchase of ready possession of new clinics/hospitals, etc.
  • Expansion/renovation/modernization of existing hospitals/facilities.
  • Purchase of new medical diagnostic equipment/office equipment.
  • To meet working capital requirements including stocks of medicines.
  • All MSMEs are regulatory and expanded.
  • Exclusion: Real estate projects are not eligible.
  • Promoters/owners should not be HUF.

Note: At least one of the promoters/director (non-individual)/doctors should have requisite qualification in any branch of medical science.

Nature of Facility

Demand/term loan, overdraft, L/C, B/G


Limit

Minimum: Rs. 5 crores


Maximum:

Rural Rs. 0.25 crore
Semi-urban Rs. 6 crores
Urban Rs. 12 crores
Metro Rs. 30 crores

Financial Ratios
DE ratio TTL/TNW 3:1
TOL/TNW 4.5:1
DSCR average 1.75
  • DSCR should not go below the level of 1.25 in any particular year.
  • Operating profit margin(before I, D & T)not to be below 10% of sales.
  • Minimum interest coverage ratio should be 2.
  • Current ratio 1.17(assessed only in working capital facilities)

Other important conditions
  • Stock/book debts statement to be obtained once a year.
  • CIBIL condition as per below:
    • For individuals, the score should not be below 700 (0 or -1 can be considered)
    • For non-individual, CMR ranking should not be below the rank of CMR -6.
    • Collateral free loans up to Rs. 200 lakhs are eligible for guarantee cover under CGTMSE. 
    • Credit rating not less than ‘BOB 6’ as per CRISIL model.

Competitive pricing linked to Repo rate/MCLR

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