Welcome to our Mogaveera Bank

Medico

The loan scheme is available for setting up new dispensary/Hospital/Polyclinic or for acquiring equipments, apparatus, furniture & fixtures for an existing/proposed establishment or for repair and renovation of existing premises & purchase of ambulance.

Rate of Interest13.50% p.a
Margin25%
Repayment84-120 months, as the case may be including 6 months moratorium period.
SecurityHypothecation of Equipments or Assets Equitable/Registered mortgage of immovable property equivalent to 100%.
Processing Fees0.50% of the Loan amount.