Public Sector Bank (PSU)Machinery & Equipment FinanceSmall Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

Bank of India Star Doctor Plus Medical Loan

Primary Lending Institution:Bank of India

₹5 Lakh to ₹5 Crore MSME credit at 8.45% – 9.55% with Up to 7 years tenure.

Interest Rate8.45% – 9.55%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityRestricted to qualified medical doctors with recognized registrations.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Restricted to qualified medical doctors with recognized registrations.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Bank of India Star Doctor Plus Medical Loan?

Concessional credit scheme for medical professionals to purchase diagnostic machinery and set up clinic infrastructure.

Key Benefits & Features

Concessional interest rate; nil collateral up to ₹2 Crore under CGTMSE; fast-track appraisal.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Medical practitioners and diagnostic lab founders.

Business VintageNew & Existing units eligible

Min. Annual TurnoverTurnover proportionate

Processing Fee0.25% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://bankofindia.co.in/star-doctor-plus with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Bank of India Star Doctor Plus Medical Loan?

Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for Bank of India Star Doctor Plus Medical Loan?

The processing fee is 0.25% + GST. Collateral terms: Restricted to qualified medical doctors with recognized registrations.

What are the eligibility criteria for Bank of India Star Doctor Plus Medical Loan?

Medical practitioners and diagnostic lab founders. Minimum business vintage required is 0 year(s).

How can an applicant apply for Bank of India Star Doctor Plus Medical Loan?

Apply online at https://bankofindia.co.in/star-doctor-plus or visit nearest branch with KYC, Udyam registration, and bank statements.