How Medical Practice Acquisition Loan Can Expand Your Medical Practice?


Are you a healthcare expert? Are you looking to expand your medical practice by buying a new premise, medical equipment, hire new employees, and more? If yes, you are not the only one! If you have saved enough, then there may not be any issues.

But if you have some shortage of funds, you can rely on healthcare finance options. And one of the best alternatives includes availing medical practice acquisition loans online. Read on and explore more!

Here’s how a medical practice acquisition loan can help you out 

  • A large loan amount

Applying for the medical practice acquisition loans means that you can get a significant amount to cater to multiple needs. Yes, you don’t have to worry about funding or expanding your clinic. It is as you can run your practice without hassles. Leading online lenders can let you avail up to Rs.35 lakh depending upon your eligibility.

  • No collateral facility 

The healthcare finance facility of medical practice acquisition loan comes without any need for submitting collateral. It means that if your CIBIL score is higher, then you can get the loan approval as per your creditworthiness. Lenders consider a credit score of 750 or more as the ideal benchmark to approve your loan at a lower rate.

  • Money disbursal within 24 hours

Once you submit your loan application online, the sanctioned loan amount gets credited into your bank account within 24 hours*. It means that you won’t have to wait for ages for the money to cover your needs.

  • Flexible repayment tenor

Once you avail the medical practice acquisition loan, you don’t have to stress about repaying the loan to the lender fast. It is because you can repay the loan over a period of 12 months to 96 months. You can choose a plan that matches your clinic’s income.

  • Flexi loan facility 

One of the biggest benefits of applying for the medical practice acquisition loan is that you can borrow money from your total loan limit as per your clinic’s needs. You can do that many times as per your preferences and pay only interest on it as the EMI. The remaining principal amount gets settled at the end of the loan tenor. This way, you can enjoy reducing your EMIs by up to 45%.

  • Minimal documents required 

Most leading online lenders don’t need many documents and make your loan processing less cumbersome. It is because such loans are created for practicing doctors, creditors take in your professional credentials. Hence, the overall loan eligibility criteria and documents required are basic to furnish.

  • Online loan account access

It is now possible to access your medical practice acquisition loan details online and know its progress. You can know about your outstanding amount, number of EMIs paid, EMIs to be paid, and more. You can access all these with an online account that you can use on the website of your lender 24×7 and free.

If you wish to set up or expand your clinic and take your medical practice to newer heights, then you don’t need to worry. With so much going for the medical practice acquisition loan, you can opt for it online. Applying for this healthcare finance is nowadays available online that can also help to save your time and efforts.

Bajaj Finserv offers pre-approved offers on healthcare finance, personal loans, home loans, and more. It is to make the loan processing simpler and faster. You can share your basic details like the name and mobile number to check your pre-approved loan offers today.