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Medical Practice Loan

Medical Practice Loan

 

To promote public health’s stability, we provide medical practice loan for medical students and officers to run and expand their business both for construction, decoration, branch expansion, redecoration and medical equipment purchase.

 

Service Features

Urging medical investment and branch expansion with 0% interest rate for one year to purchase equipment, construct, decorate, expand and redecorate their business

 

Applications’ Qualifications

  • Being medical graduated students such as doctors, dentists, pharmacists, medical technologists and veterinarians

  • Having certain investment project

  • Being business owner or business beginner, both individuals and juristic persons without being bank’s customers

  • Receiving medical permission or legal medical certificate

 

Service Terms/ Conditions

  • In case of circulated cash requirement, credit amount divided into two types as follows:

    1. ให้เป็นเงินสินเชื่อประจำ 75% ของวงเงินสินเชื่อยืม

    2. ให้เป็นเงินสินเชื่อเบิกเกินบัญชี 25% ของวงเงินสินเชื่อยืม

  • In case of properties and equipments investment or service improvement, fixed loan fund should be considered

  • Securities

    1. Transferring right of deposit or pledging bonds, and bonds guaranteed government as stated by the bank.

    2. Mortgaging properties or using properties as securities. If such properties own their premises, fire insurance is required as the same amount of cost estimate stated by the bank, or not less than credit amount or outstanding capital under the conditions of allowing the bank to be only legal beneficiary

    3. Bondsmen must be in the same occupation as the loanees and own securities as follows:

      • For less than 400,000 baht loan amount, a person of the same occupation is required

      • For above 400,000 baht loan amount, two people of the same occupation is required

    4. Loan Term and Installment 15 years maximum under the conditions as follow:

    5. Loan payment

      • In case of loan for buildings, business firm or properties investment, equipment purchase, medical equipment or medical operations (excluding medicine) and loan for other medical operations, after the legal transaction is completed, the bank will pay the approved loan amount.

      • In case of loan for construction, decoration, expansion or redecoration, the bank will pay in installments as indicated on agreement.

 

Required Documents

  • A copy of ID card or government ID card of the loanees, bondsmen and spouses (if any)

  • A copy of census registration of the loanees, bondsmen and spouses (if any), a copy of medical certificate of the loanees and bondsmen, a copy of national license

  • A copy of land deed as securities

  • For construction, decoration, expansion or improvement of facility loan and land and/or building investment loan to expand the project, a loan term should be less than 15 years with 1 year maximum omitting capital payment

  • For medical tools and equipments or operating equipments (excluding medicines) purchase and loan for other medical operations, a loan term should be less than 15 years with 1 year maximum omitting capital payment

  • For less than 100,000 baht loan amount, loan term should be less than three years with six months maximum omitting capital payment

 

Interest Rate and Fee

  • For O/D loan, interest rate will be charged MRR+3.50% per year

  • For fixed loan, interest rate will be charged MLR +1.50% per year

  • For saving or fixed account as securities, interest rate will be charged 2% per year plus interest rate of deposit account

 

For more information, please contact