The Housing and Development Bank (HDB) offers doctors the necessary funding to buy clinics, furnish them, and purchase the needed/’;[’[ medical equipment.
The funding represents 75% of the value of the clinic or the equipment required to be purchased.
Repayment of the funds to purchase medical equipment can be made over five years, and if the doctor’s salary is transferred, the repayment period would be seven years.
Clients can repay the borrowed amounts over a period of ten years for loans to fund purchasing an administrative unit to be used as a clinic.
The program offers the benefit of a grace period of no more than a year from the date of providing the funding, during which only interest rates can be repaid.
In addition to the financing service, clients are free to choose a MasterCard or a premium card, and enjoy the financial benefits offered by these cards while being exempted from their issuance fees.
The required documents to obtain this funding include proof of pricing of the equipment required to be purchased, to be provided by the supplying company. The documents also include a national ID card and an electricity, gas, or phone bill, an ownership or rental contract, a salary statement from an employer and approval to transfer salary, pension, or instalments, in case the bank requests so.
As for business owners and freelancers, they are required to submit a commercial registration, and a document stating their tax situation.