An exclusive Overdraft facility for Registered Medical Practitioners with MBBS/BDS and higher qualifications for meeting their financial requirements.
Quantum of finance
Rs 2 lakh or 5 times monthly Gross income, whichever is less.
Security
Assets acquired under Bank Finance
Guarantee
One person of good means, preferably spouse.
Repayment
- Renewable every year.
- Interest to be paid as and when debited.
Attractive features
Being an Overdraft Facility with in-built operational flexibility, interest to be paid on the actual balances only.
