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Hero FinCorp is a best-in-class provider of financing solutions for both new & refurbished medical equipment.

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Medical Equipment Finance



Demand for premium, innovative and high quality healthcare has been increasing all over the world; this is especially true for a high growth country like India.


To fulfil the demands of this growing market, it is imperative for you to offer the most technologically advanced forms of medical treatment and related services.


The services offered by your medical facility depend upon the equipment you use. The better the infrastructure, the more premium your services become.


If you’ve been dreaming of upgrading your facility by adding the latest in new and modern technology, Hero FinCorp is here to assist. We can help you achieve your dreams.



  • Hero FinCorp is a best-in-class provider of financing solutions for both new & refurbished medical equipment.

  • We cater to all types of medical facilities such as Super-Specialty Hospitals, Nursing Homes, Pathology Labs, Diagnostic Centres, Private Clinics, etc.

  • We finance a wide array of equipment including, CT/ MRI Scanners, Cath-Labs, X-Ray Machines, Ultrasound, Colour Doppler, Dental Chairs, C-Arms and many more.



  • Interest rates starting from as low as 11%*

  • Loans begin from INR 10 Lacs

  • Flexible tenure of up to 7 years

  • Easy documentation and flexible terms

  • Quick and hassle-free approvals

  • *Terms & Conditions Apply



  • Are you planning to expand or enhance your medical facility with the latest technology and equipment? Then our Medical Equipment Loans can enable you to offer the best healthcare services to your patients, without hampering your budgetary concerns

  • Hero FinCorp provides a wide range of cost-effective purchase plans for various modern gadgets and equipment.

  • Our approach is different – We begin by understanding your business goals and requirements, rationally assess your opportunities, and then offer the financing solution best suited for your specific needs.



  • At Hero FinCorp, we believe in providing prompt services and building strong & lasting relationships.

  • Our goal is to make medical equipment more affordable for you, and finance the hardware, software, installation and maintenance related aspects of the equipment you choose.

  • The economy is growing, demand is booming and the growth potential is huge.

  • Act now and take advantage of our low introductory interest rates and fantastic customer service.

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  • Public, Private, Partnership, Trust, Society & Individual Doctors
  • 5 years of experience & min. 3 years in current business
  • Business profitability as per industry norms
  • Satisfactory credit & financial history
  • Last 3 years audited financial statements and projections
  • Profiles and KYC of Directors/ Partners/ Proprietor
  • Company constitution documents and registration certificates

Frequently asked questions(faqs)

Q1. How do I reach out to Hero FinCorp for a loan?

You can reach out to us via the Apply Now forms placed on our website form or you may write to us on or call us on 1800-102-4145

Q2. How much loan can I avail, and how is the quantum decided?

The loan amount is dependent upon your requirement, your credit score and assessment of the OEMs/ companies.

Q3. What is the loan tenure or duration applicable for these loans?

The minimum tenor available for this loan is 12 months and it can go up to 84 months.

Q4. What is the mode of repayment?

There are multiple repayment methods, such as ECS, NACH, PDC, etc.

Q5. What all bills are accepted for discounting?

Sales bills generated to only reputed OEMs and companies are accepted for discounting.

Q6. What can be accepted as security/ collateral?

A wide range of securities are accepted. The spectrum includes land & real estate property; plant & machinery, equipment; Fixed Deposits, Deposit Certificates, KVP, NSC, securities issued by Central and State Governments, gold and other cash equivalents; life insurance policies; and others. However, applicability of the above depends upon the overall assessment of the borrower.

Q7. How long does it take to get the loan?

Loan processing usually takes around 5 to 7 working days, provided everything is in order and all required documentation is made available.

Q8. What are the features and benefits of Medical Equipment Finance?

We offer customized and structured solutions within regulatory norms based on client requirements.

You can get a complete solution for your healthcare industry needs with Medical Equipment Finance

Our loan tenure ranges between 12 to 84 months as per requirements.

We have provisions for comprehensive solutions at a competitive price, which offer you the opportunity for balance transfers from other financial institutions.

Q9. What types of loans are offered?

  • Asset / Medical Equipment Finance:For the purchase of standard medical equipment including CT Scanners, Color Doppler’s, Sonography Machines, MRI Machines, X-Ray Machines and other medical equipment.
  • Infrastructure Loan:For the purchase or construction of new premises to set up a Clinic, Diagnostic Centre or Hospital.
  • Working Capital Finance:We provide working capital facilities by way of Cash Credits, Overdrafts or Demand Loans to fund day-to-day operational requirements like the purchase of consumables, maintenance expenses and payment of salaries, etc.

Q10. What are the eligibility criteria for a Healthcare Loan?

To be eligible for a Healthcare loan you must belong to one of the following categories:

  • General or Super Speciality Hospitals
  • Nursing Home
  • Diagnostic Centre
  • Pathology Lab Centre
  • Speciality Clinics (like Skin, Dental, Maternity, and more)
  • Dialysis Centre
  • Endoscopy Centre
  • IVF Centre
  • Educational Institute - Medical/ Paramedical College, Dental College
  • Large Medical Equipment Dealer
  • Pharmaceutical Manufacturer
  • In addition, you need to:
    • Current residence or office occupancy should be at least 3 years
    • Should have a minimum experience of 3 years in running a healthcare business.
    • Possess repayment track records in serving any loan for at least 12 months.
    • Provide banking details of at least 12 months with any schedule commercial bank. The account needs to carry your major banking transactions.

Q11. Typically, how is working capital finance structured at Hero FinCorp?

At Hero FinCorp, we tailor the need of the client as per their requirement, in any of the various instruments available or are structured as a combination of cash credit, demand loan, bill financing and non-funded facilities. Our credit team gauges the credit needs of each client separately and offers a solution accordingly.

Q12. How does Hero FinCorp approve working capital loans?

Our dedicated credit team has a deep understanding of the complexity of various industries and is experienced in estimating the business potential of companies. They are trained to assess your specific credit requirements and provide you customized financial solutions to suit your risk profile and the working capital cycle of your company.

Q13. For what tenors does Hero FinCorp extend working capital finance?

Usually working capital finance is extended as a limit for various facilities for tenors up to one year. Make-do requirements are also considered.

Q14. Who should I contact in case of any problem or if I have a query?

Our dedicated Relationship Managers will get in touch to resolve any queries about our products and/or services or in case of any issues regarding our loan application or our processes. Also, you can use the customer care section of this website to raise any query or call us at 1800-102-4145.

Q15. Is there any credit score impact if I foreclose my loan?

No, foreclosure of your loan will have no impact on your credit score. Once the loan is foreclosed the same will be reported to rating agency as closed.

Q16. What is Project Financing?

Project Finance is a method in which the lender looks essentially to the revenues generated by a single project, it can be both for repayment or a as security for the exposure. Project financing is usually for large, and expensive installations that could include, for example, power plants, chemical processing plants, mines, transportation infrastructure, and telecommunications infrastructure.

Q17. What is Acquisition Financing?

While buying another business the finance required to acquire is known as Acquisition Financing. Acquisition financing permits the user to meet his/her current acquisition aspirations by providing quick resources that can be applied toward the transaction.

Q18. What is Machine Term Loan?

These loans are meant to help businesses to acquire machines & equipments for either starting or expanding a business / industrial unit.

Q19. What is the nature of these loans?

These loans are secured and the machinery is hypothecated to Hero FinCorp.

Q20. Can I make part payments on my Medical Equipment?

All our loans come with the Pre/ Part-Payment facility, allowing you to part/ pre-pay as much as you want for up to 6 times in a calendar year, post clearance of your first EMI. Minimum amount should be 3 times of the EMI for Part prepayment.

Q21. What are the eligibility criteria for a Medical Equipment Finance?

The eligibility to avail Medical Equipment Finance you must belong to one of the below mentioned categories:

  • General or Super Speciality Hospital
  • Nursing Home
  • Diagnostic Centre
  • Pathology Lab Centre
  • Specialized Clinics (such as: Skin, Dental, Maternity, etc.)
  • Dialysis Centre
  • Endoscopy Centre
  • IVF Centre
  • Educational Institutions, like Medical/ Paramedical Colleges, Dental Colleges, and more
  • Large Medical Equipment Dealer
  • Pharmaceutical Manufacturer
  • Additional requirements:
    • Current residence or office occupancy should be at least 3 years
    • Carry a minimum experience of 3 years in running a healthcare business.
    • Possess a clean repayment track records in paying back any loan for at least 12 months.

Q22. What are the documents required?

The applicant needs to possess the following documentation*:

Pre-Approval Documents: -

  • Duly filled application form.
  • ITR along with Balance Sheet and Profit & Loss Account of the previous 3 years.
  • Bank statement of last 6 months for individuals.
  • Copy of Memorandum of Association (MOA) for Pvt. Ltd. Company or Copy of Partnership Deed for a Partnership Firm.
  • KYC documents.
  • History of previous or on-going loans.
  • Details pertaining to funding requirement and project reports.
  • Other documents as per funding needs.

*Documents required may vary depending upon the funding requirement of the client.

Post-approval / Pre-disbursement documents for Healthcare Equipment Financing:-

  • Loan Agreement duly signed.
  • Post Dated Cheques (PDCs) / ECS Form / Standing Instruction (SI) Request with security PDCs as applicable.
  • Margin Money Receipt

*Any other documents as per the sanctioned credit facility terms and conditions.

Post disbursement documents:-

  • Original hypothecated Invoice in case of Healthcare Finance equipment loans.
  • Insurance Policy duly endorsed in favor of Hero FinCorp for the assets provided as collateral.
  • Hero FinCorp will prepare an Asset Verification Report (AVR) within 7 days of disbursement. Charges to be borne by the customer.
  • Delay in submission of documents prescribed under the sanctioned terms may attract penalties / levies as per the company Policy.
Generally, to avail a loan for medical equipment purchases, you need to have a certain number of years of experience in managing a healthcare business, possess a proper repayment track record for any other loan, and provide banking details of your major account. Income tax returns, profit and loss statements, partnership deed (if applicable), KYC documents, details of funding requirement are some other documents that we will require for a medical equipment finance loan before sanctioning it. Our medical equipment loan service is available for independent doctors and all types of medical facilities such as hospitals, nursing homes, dental clinics, laboratories, etc. So simply apply for medical equipment financing now, using the form above and improve your medical facility today!

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