Wondering if You Are Eligible?
To avail of a Medical Store Loan, you must fulfil the eligibility criteria listed below:
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More About Medical Shop Loan
As an existing or aspiring pharmacy owner, you understand the investment required to establish a fully functional and customer-friendly workspace. From securing a suitable location to equipping it with proper storage facilities and stocking pharmaceutical inventory, the costs can be substantial.
To support you in building or expanding your pharmacy, HDFC Bank offers Medical Shop Loans—a convenient financing solution designed to meet the specific needs of medical retail businesses. Unlike traditional funding options, which can be slow and cumbersome, HDFC Bank’s Medical Shop Loan offers faster processing and disbursal, helping you focus on setting up or upgrading your pharmacy without financial delays.
Required documents for a loan to open a restaurant with HDFC Bank:
Required documents for a loan to open a restaurant with HDFC Bank:
Required documents for a loan to open a restaurant with HDFC Bank:
You can apply for a Business Loan for Medical Shop via:
b. PayZapp
c. NetBanking
d. Branches
Online application process:
Start your application from the comfort of your home/office, by clicking here
Step 1 – Choose your occupation
Step 2 - Provide & validate your Phone Number & Date of Birth/PAN
Step 3- Choose Loan amount
Step 4- Submit & Receive funds*
*In certain cases, uploading documents and completing video KYC might be required.
Frequently Asked Questions
Business Loans are forms of financial aid offered to business owners and entrepreneurs to meet business-related expenditures like working capital requirements, expansion of activities or premises, etc.
The Medical Shop Loan by HDFC Bank acts as a commercial or Business Loan. It allows owners to procure funds needed for the purchase or construction of premises for their stores.
Financial institutions and banks offer Business Loans of several kinds to serve different commercial purposes. A general Business Loan can assist a medical store owner in purchasing inventory, paying salaries, providing working capital, etc. Similarly, Equipment Financing can allow medical shop owners to use funds to buy equipment like storage facilities. A Medical Shop Loan is a form of Commercial Property Loan that can provide financial assistance in purchasing a new or existing workspace.
HDFC Bank offers you an easy and hassle-free way to avail of loans. You can apply for Business Loans here.
You can also explore HDFC Bank various Business Loans by clicking right here.
A Pharmacy Loan, or Medical Store Loan, can be of immense help for a chemist as it provides them with the financial assistance needed to purchase/construct a workplace to meet their business goals.
Medical Shop Loan by HDFC Bank allows an applicant to avail a loan in two slabs, one providing a loan up to ₹49.99 lakh and the other from ₹75 lakh onwards, at differing interest rates.
MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by the Government of India to develop and finance micro-unit enterprises.
Under this institution, you can avail of a government loan for a medical store and open your shop. A MUDRA Loan for a medical shop can allow an applicant to apply under three categories:
- Shishu - Loans up to ₹50,000/-
- Kishor - Loans between ₹50,000 and ₹5 lakh.
- Tarun - Loans between ₹5 lakh and ₹10 lakh.
Find out about HDFC Bank MUDRA Loan for Medical Shop by clicking right here.
Fuel your business growth—apply now for a business loan!