Healthcare Equipment Finance Interest Rates and Charges

IIFL is a prominent lender in Healthcare Equipment loans. Due to its expertise in the field, IIFL offers customised loan solutions for a wide range of requirements in health care space.Healthcare Equipment Loan is available at attractive interest rates starting from 12.5%.

Given below is the list of fees and charges levied on Healtcare Equipment Finance during the loan tenure:

Processing feesUpto 2% of the loan amount
Bounce Cheque ChargesRs500 for each PDC/ECS bounce
Penal Interest3% per month on EMI
Cheque/ECS swap chargesRs500 per swap
No Dues CertificateOriginal free, Duplicate copy would attract a fee of Rs500 per instance
Document Retrieval ChargesRs1000 per instance
Duplicate Statement/Repayment ScheduleRs500 per instance
ROC ChargesRs2500 if undertaken within stipulated timelines
Late Payment Charges36% per Annum of outstanding EMI
Interest rate12.5% to 15%

Note: GST and other govt. taxes extra as applicable.

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