Clix Capital

A self-sufficient medical practice is a challenging yet admirable endeavor that most healthcare professionals enter on at some point in their lives. The scale of these operations might distinguish; some people might want to be in charge of a multi-purpose polyclinic while some want to start their own clinic. However, there’s one requirement present across these practices: the need to purchase the best healthcare equipment to deliver the highest quality of medical services. 

Accomplishing this task is a challenge in itself. It seems simple to state this requirement, but it’s a whole other thing to go forth with purchasing the latest healthcare equipment. 

To illustrate this point, let’s take a look at the fact that if an eye specialist wants to update its exam room - it can include advanced equipment such as Phoropter, Binocular Indirect Ophthalmoscope, Tonometer, etc. Standard equipment can cost around 4 to 4.5 lakhs. And if adding all the equipment needed in an eye exam room, some of which will be advanced, it doesn’t take a financial expert to state that most people don’t exactly have such funds to spend at a moment’s notice. 

And that is where healthcare equipment finance comes into play. Various digital NBFCs such as Clix Capital’s have made the process of borrowing so easy that the pains of arranging this financing will wander away in a moment’s notice. Let’s look at some of the benefits of getting medical equipment funding:

It doesn’t matter whether one wishes to permanently purchase healthcare equipment or take it on a lease – the loans provided by medical equipment finance companies such as Clix Capital are flexible enough to account for both requirements. They offer a complete 100% financing for leasing and up to 90% financing for purchasing healthcare equipment.

When it comes to choosing the best course of action that can be taken to repay the loan amount, the NBFC has made sure that the borrower does not have to face any issue. They provide a loan tenure that can range from a measly 12 months to 60+ months. This allows one to opt for a flexible EMI plan that either lets them pay the borrowed amount as soon as possible or space out the payments over the course of a few years to manage their expenses properly.

One might assume that there’s a lot of paperwork, logistical issues, and other such problems involved in getting medical equipment finance. The NBFC has ensured that the borrower sets up his/her clinic with little to no hassles. 

Let’s look at the eligibility criteria and documents involves to get healthcare equipment finance:

One should be:

over 18 and under 65

Owning a doctor’s degree and a minimum of 36 months of professional practice

And if an organization takes the loan, it should be:

 Registered in India as a public limited/private limited company, partnership firm, etc.

With a minimum business vintage of 1 year. 

Besides, it must fall into any of the following categories:

Specialty or super-specialty hospital

Specialty clinics (like skin, eye, and dental clinics)

Dialysis center

Nursing home

Diagnostic center

Pathology lab center

Endoscopy center

Pharmaceutical manufacturer

IVF center

Large medical equipment dealer

Educational institute — medical/paramedical/dental college

New setups by doctors or individuals with relevant experience in healthcare

 Documents involved are:

Completed Application Form

Passport-Size Photograph

Identity (ID) Proof

Address Proof

Income Proof

Property Documents

Proof Of Ownership