Medical Equipment Finance in India
Explore financing options for hospitals, clinics, diagnostic centres, laboratories and eligible healthcare professionals planning to purchase or upgrade medical equipment.
Indicative financing range supplied for this page: ₹2 Lakh to ₹50 Crore; interest rates 8.50%–24% p.a.; tenure 1–10 years. Actual lender offerings may differ.
Page information date: 24 October 2026. See the rate verification note below.
Medical Equipment Loan Interest Rates & Financing Options
Compare the indicative lender figures provided below, including loan amount, interest rate, repayment tenure and processing fees. Final terms depend on the lender's current product, applicant profile, equipment, business financials and credit assessment.
1. Commercial Banks – Public & Private
Commercial banks may consider eligible equipment financing for hospitals, clinics, diagnostic centres and healthcare businesses, subject to product eligibility and lender appraisal.
| Bank Name | Loan Amount | Interest Rate (p.a.) | Loan Tenure | Processing Fee | Apply / EMI |
|---|---|---|---|---|---|
| State Bank of India (SBI) | ₹10 Lakh – ₹100 Cr+ | 8.50% – 11.50% (EBR / MCLR linked) | Up to 10 years (incl. moratorium) | Up to 1.00% + GST | Apply NowCalculate EMI |
| HDFC Bank | ₹5 Lakh – ₹50 Cr | 9.00% – 12.50% | 1 to 7 years (12 – 84 months) | Up to 1.00% + GST (Nil up to ₹5L) | Apply NowCalculate EMI |
| ICICI Bank | ₹10 Lakh – ₹50 Cr | 8.75% – 13.00% | 1 to 7 years | 0.50% – 1.50% + GST | Apply NowCalculate EMI |
| IndusInd Bank | ₹3 Lakh – ₹10 Cr | 8.50% onwards | 1 to 7 years | 0.50% onwards + GST | Apply NowCalculate EMI |
| Axis Bank | ₹10 Lakh – ₹25 Cr | 9.50% – 14.00% | Up to 7 years | Up to 2.00% + GST | Apply NowCalculate EMI |
| Kotak Mahindra Bank | ₹10 Lakh – ₹20 Cr | 9.25% – 13.50% | 1 to 7 years | Up to 1.50% + GST | Apply NowCalculate EMI |
| Indian Overseas Bank (IOB) | ₹3 Lakh – No upper ceiling | 8.85% – 11.20% | Up to 7–10 years | 0.50% – 1.00% + GST | Apply NowCalculate EMI |
2. Non-Banking Financial Companies (NBFCs)
NBFCs and specialist finance providers may offer medical equipment finance or related business financing. Eligibility, collateral, equipment coverage and disbursement conditions vary.
| NBFC Name | Loan Amount | Interest Rate (p.a.) | Loan Tenure | Processing Fee | Apply / EMI |
|---|---|---|---|---|---|
| Bajaj Finserv | ₹2 Lakh – ₹30 Cr | 9.50% – 24.13% | 3 to 120 months (up to 10 yrs) | Up to 2.95% + GST | Apply NowCalculate EMI |
| Poonawalla Fincorp | ₹2 Lakh – ₹10 Cr | 9.10% onwards | 12 to 84 months (up to 7 yrs) | Up to 2.00% + GST | Apply NowCalculate EMI |
| Tata Capital | ₹5 Lakh – ₹10 Cr | 9.50% – 15.00% | 12 to 84 months | Up to 2.00% + GST | Apply NowCalculate EMI |
| L&T Finance | ₹5 Lakh – ₹15 Cr | 9.50% – 14.50% | Up to 7 years | 1.00% – 2.00% + GST | Apply NowCalculate EMI |
| Siemens Financial Services | ₹25 Lakh – ₹50 Cr+ | 9.00% – 13.00% | Up to 7 years | 0.50% – 1.50% + GST | Apply NowCalculate EMI |
| Lendingkart | Up to ₹50 Lakh | 13.50% onwards | Up to 36 months | Up to 3.00% + GST | Apply NowCalculate EMI |
3. Small Finance Banks (SFBs)
Eligible practitioners and healthcare businesses may explore relevant MSME, professional or equipment-related financing products. The listed amounts and product applicability require direct confirmation with each bank.
| Small Finance Bank | Loan Amount | Interest Rate (p.a.) | Loan Tenure | Processing Fee | Apply / EMI |
|---|---|---|---|---|---|
| AU Small Finance Bank | ₹5 Lakh – ₹5 Cr | 10.50% – 16.00% | Up to 7 years | 1.00% – 2.00% + GST | Apply NowCalculate EMI |
| Equitas Small Finance Bank | ₹5 Lakh – ₹75 Lakh | 11.50% – 18.00% | Up to 5 years | 1.50% – 2.00% + GST | Apply NowCalculate EMI |
| Ujjivan Small Finance Bank | ₹5 Lakh – ₹1 Cr | 12.00% – 18.00% | Up to 5–7 years | 1.50% – 2.50% + GST | Apply NowCalculate EMI |
| Utkarsh Small Finance Bank | ₹2 Lakh – ₹50 Lakh | 12.50% – 19.00% | Up to 5 years | Up to 2.00% + GST | Apply NowCalculate EMI |
| ESAF Small Finance Bank | ₹1 Lakh – ₹50 Lakh | 13.00% – 20.00% | Up to 5 years | Up to 2.00% + GST | Apply NowCalculate EMI |
Key Features of Medical Equipment Financing
🏥 Healthcare Equipment
Explore finance for eligible diagnostic, imaging, laboratory, surgical and hospital equipment.
💳 Multiple Funding Routes
Compare available bank, NBFC and SFB products based on the equipment and applicant profile.
📅 Flexible Tenure Options
Repayment tenure and any moratorium depend on the specific lender's approved terms.
📈 Clinic Expansion
Consider equipment funding when setting up a new clinic, diagnostic centre or expanding services.
📄 Documentation Support
Prepare business, KYC, financial and equipment quotation documents for lender assessment.
🔎 Compare Total Cost
Review interest rate, processing fee, GST, insurance and other applicable charges before choosing.
Medical Equipment Loan Eligibility
Eligibility varies by lender and product. Applicants who may be considered include:
- Registered hospitals, nursing homes and healthcare companies.
- Doctors and eligible medical practitioners operating clinics.
- Diagnostic centres, pathology labs and imaging facilities.
- Eligible businesses purchasing new or replacement medical equipment.
- Applicants able to provide the required KYC, financial and equipment documents.
Lenders may evaluate applicant experience, credit history, business cash flow, repayment capacity, equipment quotation, margin contribution and collateral requirements.
List of Documents Required
Applicant & KYC Documents
- PAN and identity/address proof, as applicable.
- Photographs and application form, if required.
- Medical registration or professional credentials, where applicable.
- Business registration and ownership documents.
Financial Documents
- Recent business bank statements.
- Income tax returns and financial statements, as applicable.
- GST returns and business turnover details, where applicable.
- Existing loan details and repayment history.
Equipment Documents
- Equipment quotation or pro forma invoice.
- Manufacturer, supplier and equipment specifications.
- Cost estimate and proposed own contribution.
- Installation details or related project information, if requested.
Healthcare Facility Documents
- Clinic, hospital or diagnostic centre address proof.
- Relevant registrations and licences, where applicable.
- Ownership or lease documents for the premises, if required.
- Additional collateral or guarantor documents, if applicable.
This is a general checklist, not a universal lender requirement. Submit only the documents requested through the lender's verified process.
How to Apply for Medical Equipment Finance
Step 1: Share Requirement
Provide the equipment type, approximate cost and business or practice details through the enquiry page.
Step 2: Prepare Documents
Keep the quotation, KYC, financial records and relevant healthcare registrations ready.
Step 3: Compare Options
Review available offers, eligibility criteria, interest rate, fees and repayment terms.
Medical Equipment Loan EMI & Charges
Your EMI depends on the loan amount, interest rate and repayment period. Processing fees, GST, insurance, documentation charges and other costs may also affect the total amount payable.
Use the LoansBazaar India EMI calculator for an initial estimate. Actual repayment may differ if the lender applies a different rate, disburses in stages or approves a customised repayment schedule.
Explore Other Loan Products
LoansBazaar India also provides loan enquiry and application assistance for other financing needs. Select a product to submit your enquiry.
Frequently Asked Questions
What is medical equipment financing?
It is financing that may help eligible healthcare businesses and practitioners purchase medical equipment, subject to the lender's product and approval criteria.
What is the interest rate on a medical equipment loan?
Rates depend on the lender, applicant profile, equipment, loan amount, tenure and applicable policies. The figures on this page are indicative and should be confirmed directly.
Can a clinic or diagnostic centre apply?
Eligible clinics and diagnostic centres may submit an enquiry. Approval depends on the specific lender's eligibility criteria and assessment.
What documents are required?
Common documents include KYC, business registration, financial records and the equipment quotation. Additional documents may be required for specific applicants.
Does Apply Now mean my loan is approved?
No. Apply Now opens the LoansBazaar India enquiry page. It does not guarantee approval or submit an application directly to every listed lender.
Looking to Finance Medical Equipment?
Share your equipment requirement with LoansBazaar India to explore potential financing options. Final eligibility and terms are determined by the relevant lender.
LoansBazaar India – Contact Details
Platform: Digital Loan Assistance Platform
Experience: 15+ years in financial services
Email: info@loansbazaarindia.com
Apply Now: https://loansbazaarindia.com/apply-for-loan/
Compare: https://loansbazaarindia.com/compare/
EMI Calculator: https://loansbazaarindia.com/emi-calculator/
All loan amounts, interest rates, tenures and processing fees displayed on this page are reproduced from user-supplied information. They have not all been independently verified against current official lender documents as of the date shown. The figures are indicative, not guaranteed offers or a representation that every listed lender currently offers a specific medical equipment finance product at the stated terms. Actual eligibility, loan amount, rate, fees, security, tenure and approval depend on lender policy, applicant credit profile, business financials, equipment and final assessment. GST and other charges may apply as per the relevant terms and current rules. Confirm all terms directly with the lender before making a decision. Listing a lender does not imply partnership, endorsement or agency. LoansBazaar India provides loan enquiry, comparison and application assistance and does not guarantee loan approval. All Apply Now buttons on this page lead to the LoansBazaar India enquiry page, not necessarily to a lender's direct application portal.