You may be a qualified doctor and may have treated plenty of patients successfully, but if you don’t have updated equipment, your medical practice may lack, vascular access.

Yes, a less qualified doctor may have the upper hand on the basis of having new machines. But to do that, you may need a large sum. It is where the medical equipment financing facility comes into the picture. Read on and know more about the medical practice acquisition loans.

What is medical equipment financing?

As the name suggests, medical equipment financing helps you get funds to buy updated and new equipment. Once you have the required machines in your clinic, you can easily provide the best of the healthcare services to your patients. 

What are the features and benefits of medical equipment financing?

Applying for online medical equipment financing with a top lender may help you enjoy different benefits. Let’s take a look: 

  1. A huge loan amount to help you buy even the costliest of equipment 

Based on your needs, eligibility and other factors, you can get an amount between Rs.3 lakh and Rs.150 lakh. You can use the money to buy or upgrade to the latest medical equipment. From diagnostic machines to MRI machines to more, the loan money covers all. 

  1. It comes with an affordable interest rate 

Once you apply for medical equipment financing, you can get it at a lower rate of interest. Yes, eligible candidates are given the finance at an affordable interest rate. This way, you can save on repayments and pay lower EMIs. 

  1. Repay over a flexible tenor 

Applying for medical equipment financing does not mean you need to start repaying the loan with a higher EMI per month. It is because you can focus on your healthcare and repay the loan over a flexible tenor. Based on your needs and budget, you can repay medical equipment financing ranging from 3 months to 96 months. 

  1. Minimal documentation needed 

Lenders consider doctors respectable citizens of society. And that’s why they don’t need much documentation from them. If they have some basic documents, then the loan approval may be available on the go. The list of documents required and the eligibility terms of a lender are enlisted on their websites. Once you are aware of them, you can better prepare earlier and avoid all chances of rejection.  

  1. Manage your loan account from anywhere and 24×7 

After you have availed of the medical equipment loan, you don’t need to pay your lender any visit. It is because it is now possible to access all loan-related details via the customer portals of lenders. You can do that as per your preferences and even round the clock. 

It is the right of your patients to access better medical facilities, and a lack of funds must not come between. It is where you can always apply for online medical equipment financing right on a lender’s portal and get started. If you are ready to apply, you can begin by checking out your loan eligibility today itself.  

To make the process simpler and less time-consuming, lenders like Bajaj Finserv offers personalised loan offers on its products such as business loan, personal loan, home loan, etc. You can simply avail of these pre-approved deals by sharing your contact details.