How to get Medical Equipment Loan From Pubali Bank Ltd

Pubali Bank Medical Equipment Loan is more effective for any professional person; it’s different to other bank. This loan is east to get from this bank. When a student passed professional degree then he faces some problem to purchase their urgent requirement (such as medical equipments. Now Pubali Bank solved this urgent requirement to full fill this problem. Pubali Bank a personal loan scheme meant for professionals (Practicing Physician) only to support their small-scale purchase of different medical equipment, tools and small machineries for installation at their chamber. So I suggest Medical Equipment loan of Pubali Bank is so attractive of any other Bank.
Customer Segment:
Any Bangladeshi in the following profession as self-employed or salaried people: Practicing Physician/Surgeon.



For purchase of items to support professional needs of above customer segment (e.g. purchase of      X-ray machine, medical beds, ultra- sonogram machine, mechanical tools, or set up of chamber on a small scale etc)


Minimum Income:

Monthly net income must be 3 times of loan installment.


Loan Size:

Maximum loan size will be Tk.5 Lac


Installment Size per Lac:

Tk. 3,505/- per Lac


Loan to Price Ratio:

Financing 75% of the cost of the item is allowed


Security/ Collateral:

Hypothecation over purchased assets.
Comprehensive insurance over assets (Policy must be renewed every year and copy of the policy must be submitted to the bank)
Post dated cheques for each monthly installment
One undated cheque for full loan value including full interest to be taken in advance.
● Personal Guarantee of spouse/parents and an individual having minimum solvency/income not less than that of the borrower supported by income proof.

Interest Rate:

Bank Interest


Risk Fund


Agent Commission





Penal Interest:

● Penal interest shall be charged @ 2% over the normal rate on the defaulted installments.


3 Years



Repayment Method:

Equal Monthly Installment


Disbursement Mode:

● Where ever possible, payment to be made by issuing Payment Order in vendors name

Verification of Personal Details and Quotation/span:

● Details of an applicant to be verified by a third party before an approval is accorded.
Letter from employer with details of employment and salary
Borrower and Guarantors (if any) details (addresses – both present and permanent, all telephone numbers of residence, office & mobile no.)
Personal net-worth statement
Quotation of the item to be purchased
Bank statement


Substantiation of Income:

Proper substantiation of income will be mandatory.
All or any of the following original / true copy of original (accepted only after seeing the originals) documents are accepted for the purpose:


Last Tax Return
Bank Statements for minimum last 6 months
Personal Net-Worth Statement
Any other document that may stand as a proof of income


Reference: Pubali Bank Ltd. Medical Equipment Loan