Loan for Medical Shop

Why Choose Us?

Attractive
Interest Rate

Loan up to
₹1 crore 

Flexible
Loan Term

Easy
Documentation

What’s in store for you

Lower your EMI by switching to our XPRESS Business Loan

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Loan for Medical Shop

Other Types of Business Loan

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Fund your business’ growth with the right Business Loan

Interest Rate for Medical
Shop Loan 

Starting from 16.85%* p.a.

(Terms & Conditions Apply*)

View Rates

Loan Benefits & Features

Loan Benefits

  • Avail Loans up to ₹1 crore at attractive interest rates.

  • Covers purchase, extension, improvement or construction of clinics/offices.

  • Flexible repayment terms with easy monthly instalments.

  • Attractive interest rates and repayments through easy monthly instalments.

  • Get to Know More about Working Capital Loan provided by HDFC Bank for SME's.

Smart EMI

Convenience

  • Balance transfer facility for outstanding loans.

  • Hassle-free documentation and quick application process.

  • Accessible through an integrated branch network across India.

Smart EMI

Most Important Terms & Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Most Important Terms & Conditions

Wondering if You Are Eligible?

To avail of a Medical Store Loan, you must fulfil the eligibility criteria listed below:

Eligibility criteria

  • Age: 21 to 65 years
  • Income: ₹3 lakh annually
  • Turnover: ≥ ₹40 lakh.
  • Employment: 3 years in current business, 5 years business experience
  • Profitability: 2 years
  • Entities
  • Self-employed individual
  • Proprietor, Private Ltd. Co.
  • Partnership Firm involved in the business of Manufacturing, Trading or Services.
Loan for Medical Shop

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.

Identity Proof

  • Passport
  • Aadhaar card 
  • Voter ID
  • Driving licence 
  • PAN Card
  • Passport size photograph
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Address Proof

  • Passport size photograph  
  • Rental agreement
  • Passport
  • Aadhaar card
  • Voter ID  
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Income Proof

  • Income Tax Returns with computation of income for the last 3 Assessment Years (individual & business entity, attested by a CA).
  • Balance Sheet and Profit & Loss Account Statements for the last 3 years with Annexures/Schedules (individual & business entity, attested by a CA).
  • Current Account Statements of the business entity and Savings Account Statements of the individual for the last 6 months.
  • Latest Form 26 AS.
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Business Proof

  • Business Profile.
  • List of Directors and Shareholders with shareholding (certified by a CA/CS for companies).
  • Memorandum and Articles of Association (for companies).
  • Partnership Deed (for partnerships).
  • Title Deeds including previous property chain documents (in resale cases).
  • Allotment Letter / Buyer Agreement.
  • Own Contribution Proof.
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Additional Documents

  • Details of ongoing loans (individual & business entity: outstanding amounts, instalments, security, purpose, balance loan term, etc.).
  • Passport-sized photographs of applicants/co-applicants (signed across).
  • Processing fee cheque in favour of ‘HDFC Ltd.’
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Required documents for a loan to open a restaurant with HDFC Bank:

Customisable Loan Amount

  • Tailored to your business needs.

Competitive Interest Rates

  • Affordable financing options.

Fast Processing

  • Quick approval and disbursement.

Minimal Documentation

  • Simplified paperwork for ease.

No Collateral Required

  • Unsecured Loan available.

Flexible Repayment Tenure

  • Convenient repayment schedules.

Specialised Support

  • Personalised assistance for medical shops.

High Loan Amount

  • Avail up to ₹1 crore, which can significantly support the establishment or expansion of your medical business or clinic.  

Customisable Loan Solutions

  • Tailored Loan solutions cater specifically to the needs of medical professionals and small business owners in the pharmacy sector.  

Professional Support

  • Access to professional counselling services ensures informed decisions, reducing the risk associated with property investments.  

Financial Flexibility

  • Balance transfer facility and flexible tenure options provide financial flexibility and better management of finances.

Simple and Quick Processing

  • The easy application process with minimal documentation and quick approvals helps you get the funds when needed.

You can apply for a Business Loan for Medical Shop via:

a. Digital Application

b. MobileBanking

c. NetBanking

d. Branches

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.

Fuel your business growth—apply now for a XPRESS Business Loan!

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