The bank will provide a complete range of financing options including hospitals, labs, diagnostic centres and equipment manufacturers
The healthcare sector is in sharp focus with the Covid-19 pandemic acting as a catalyst for investment in this sector as there is a renewed interest amongst all the stake holders including the government to increase investment. To cater to this growing segment, the Kotak Mahindra Bank (KMBL) announced that it has launched a tailored suite of healthcare financing solutions.
They range from healthcare infrastructure loans, medical equipment finance and unsecured healthcare loans, catering to key stakeholders in the healthcare ecosystem including hospitals, laboratories, diagnostic centres, nursing homes, clinics, doctors and medical equipment manufacturers & dealers.
KMBL will provide the complete range of healthcare financing options:
(1) New & Refurbished Medical Equipment Finance - for purchase of medical equipment from manufacturers/ authorised dealers
(2) Working Capital Loans – for managing the cash flow requirements of the business
(3) Healthcare Infrastructure Loans - for up-gradation/renovation of medical facilities, hospitals and clinics, enhancing capacity or setting up of new hospitals, clinics and diagnostic centres
(4) Unsecured Doctor Loans & Loans against Receivables – to healthcare institutions and individual doctors for expansion of business
(5) Insta Programme – Quick Approval for loans up to Rs. 50 lakh with minimum documentation
Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Unquestionably, healthcare is a priority sector for India over the next 3-5 years and beyond. The pandemic has only served to underscore the importance of the sector and the need for increased expenditure and investments to improve both the capacity and the quality of the country’s healthcare infrastructure. To add to this, we are also seeing a growing consciousness towards health and wellness by consumers.”