Benefits of getting Medical Financing & The Eligibility Criteria

When it is about healthcare solutions, every patient wants to get the best Medical Finance and treatment. As it is a matter of the fact that real health is the key factor to happiness and therefore, to offer exceptional treatments, clinics, doctors, hospitals and diagnostic centers should own premium medical equipment.

As such equipment are quite expensive, it often becomes vital to look for a financing option that helps you to improve the medical facility. Luckily, there are several non-banking financial companies (NBFCs) which offer all medical equipment effective financing solutions. These organizations make sure that you get an easy way to repay the loan and can enjoy quick approvals, as illnesses must be cured shortly.

WHY CHOOSE NBFCS?

Many of us get confused between choose or not to choose such companies, but by knowing and believing the fact that you can get a quick loan on the spot quickly by considering NBFCs. These companies are addressing all the needs of all types of healthcare facilities like nursing homes, hospitals, pathological laboratories, diagnostic centers and private clinics. The wide range of equipment financed usually includes:

•   X-Ray machines
•   Color Doppler
•   CT Scanners
•   Dental chairs
•   cath-labs
•   Etc.

The Financing solutions are often provided at attractive interest rates that start from minimum 11%. The employees at these companies are also flexible who can understand their customer’s requirement. Usually, a minimal documentation would be required to complete the process without any doubt.

The Benefits

If you are planning to increase your healthcare facility or maybe trying to upgrade your current equipment with an advanced one, it is essential to get a service of professional medical finance service provider near you. After analyzing your budget and requirements, such organizations will frame the financing solution that is best suitable for you. Furthermore, you can also look forward to the prompt customer service, handholding each step, as well as flexible terms, will help you to pay back conveniently.

Are You Eligible?

It is essential to be a doctor, or an owner of any hospital, diagnosis center or clinic center, to get such loan service. One should also have minimum five years of experience as well as three years in your present business. Your medical company should be profitable as per the industry trends, and a satisfactory credit score, as well as a clean financial history, are required too.

As far as the documents are concerned, one will require submitting the audited financial projections as well as the statements from the last two years. Moreover, KYC of proprietor, directors or partners and profiles must be provided. Banks and NBFCs might also ask for the company registration or constitution certificates.