The equipment secures its own loan.
Funding for diagnostic and therapeutic equipment — CT, MRI, cath lab, ultrasound, dialysis machines, ventilators, C-arm, laparoscopy towers and modular OT systems — secured by hypothecation of the asset itself, new or refurbished, imported or domestic.
Tenure against useful life — the core discipline
The single most important rule in equipment finance is that the loan tenure must sit inside the asset's productive life with room to spare. Financing a machine over seven years when it will be technologically superseded in five leaves you servicing debt on equipment you can no longer bill competitively.
Funding percentage moves with resale depth. A mainstream 128-slice CT or a widely-installed 1.5T MRI has an active secondary market and attracts 80–85%. A highly specialised therapeutic system with few installations in India attracts less, because the lender has nowhere to sell it.
Refurbished imports are financed, but on tighter terms: usually 60–70% funding over three to five years, with the residual life certified by the OEM or an authorised service provider. Read the annual maintenance contract carefully — on a large imaging system the AMC can run 6–10% of capital cost every year, and it is a servicing obligation that sits alongside the EMI whether or not the lender counts it.
Indicative pricing in 2026
Equipment finance prices better than unsecured lending because the asset is security. OEM-tied schemes sometimes beat all of these bands.
Public Sector Banks
Tier-1 Private Banks
NBFCs & HFCs
Getting equipment finance right
Ask the OEM for their finance scheme first
Major manufacturers run captive or tied-up finance programmes with subvented rates, longer moratoria or structured step-up EMIs during ramp-up. These frequently beat what a bank will quote independently. Get the OEM scheme in writing, then let us test it against the open market rather than assuming either is better.
Build the AMC into the servicing arithmetic
On a high-end imaging system the annual maintenance contract can equal a meaningful share of the EMI. Lenders compute DSCR on the EMI alone, so a project that clears the bank's test can still be cash-negative once AMC, consumables and technologist salaries are in. Model the full operating cost, not the instalment.
Import letters of credit and forex exposure
Imported equipment usually needs a letter of credit, and the rupee cost is fixed only when the payment is made. On a large import, currency movement between order and payment can shift the landed cost by several percent. A forward cover or an LC-plus-buyer's-credit structure is worth arranging deliberately — see trade finance.
Documents required
Incomplete files cause most multi-week delays. We assemble the full set upfront, in the order credit teams read it.
KYC & constitution
- PAN & Aadhaar of all promoters / partners / directors
- Certificate of incorporation, MOA-AOA or partnership deed
- Board resolution or partners' authority letter
- GST registration & trade licence
Professional credentials
- MBBS / BDS / BAMS / BHMS degree & PG certificates
- State Medical Council registration certificate
- Clinical establishment registration
- Practice or employment proof, appointment letters
- Experience certificate showing years post-qualification
Equipment & project
- Final equipment quotation or purchase order with OEM
- Technical specification and, for refurbished units, residual life certificate
- AMC or CMC terms and pricing
- AERB licence or application for radiology equipment
- Existing footfall and revenue data supporting the utilisation projection
- Site readiness confirmation and installation schedule
Related facilities & deep-dive guides
Every facility below is placed through the same 80+ lender panel. The long-form guides carry the working numbers, worked examples and lender-by-lender detail.
Frequently Asked Questions
The questions our advisory desk is asked most often about Medical Equipment Loan.
Typically 70–85% of invoice value for new equipment from a mainstream OEM, with the highest percentages on assets that have a deep secondary market such as CT and MRI.
Refurbished imports usually attract 60–70% over a shorter tenure, with the OEM or an authorised service provider certifying residual life.
Yes, and for a starting practice it is often the sensible economic choice. Expect lower funding, a shorter tenure of three to five years, and a requirement for a residual life certificate.
Check the AMC availability and spare-parts support for the specific model before you commit. A cheap machine that cannot be serviced locally is not cheap.
Match it to productive life, generally five to seven years for mainstream imaging. Stretching the tenure to reduce the EMI is tempting and usually a mistake.
If you are still repaying in year eight on a platform that is two generations behind, you are servicing debt against declining billing capacity. Shorter tenure, higher EMI, clean exit is the better discipline.
For radiation-emitting equipment, the AERB licensing process must at least be underway, and most lenders make the licence a condition precedent to disbursal or to installation.
The timeline is not compressible, so start the application in parallel with the loan rather than after sanction. Site layout approval usually has to come before the equipment lands.
Sometimes, materially so. Manufacturers subvent rates, offer longer moratoria or structure step-up EMIs to match a new installation's ramp-up, none of which a bank typically does.
The way to find out is to get the OEM scheme in writing and compare it properly against open-market quotes on total cost, not headline rate. We run that comparison as standard.
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