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Loans For

Medical Store Business

Medical Stores

Medical store owners and suppliers of medical products can apply for an HFS Business Loan. In just 3 simple steps, owners of medical supply stores can get financial aid and meet multiple expenses to sustain and expand their business. Owners of medical stores can use a business loan to stock up on more pharmaceutical products, manage cash flow, and increase working capital to meet overhead expenses.

Benefits of HFS Business Loan

Simple Steps
Applying for an HFS Business Loan to expand your medical store takes just 3 easy steps. Call us for a home visit, submit the required documents, and you will receive funds in your account within 24 hours.
Minimal Paperwork
We require just a few basic documents from you to approve your Business Loan. We understand the importance of timely funds, and hence keep our paperwork process as quick and easy as possible.
Collateral-free Loans
You do not need to risk your assets in order to take a Business Loan. We are happy to help you scale your medical store business with unsecured and guarantor-free loans as long as you fulfil our basic eligibility criteria.
Flexible Repayment
We offer easy and flexible repayment options for medical store business loans. The tenure for unsecured loans goes up to 5 years, while that for secured business loans is not fixed and can extend for as long as you need.

Achieve Multiple Business Goals

Expand business operations
Buy stock to meet demand
Expand range of medicines
Increase working capital
Manage cash flow gaps
Pay overhead expenses
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Hear From Our Customers

Frequently asked questions

  • How to apply for a Medical Stores loan Business?

    If you are running a business, you can’t afford to wait in long queues for your loan application. With this in mind, we have simplified our loan application process. Follow the steps below to apply for a business loan online.

     

    • Simply click here to apply for a HFS Loan.
    • Fill out the essential fields and upload relevant documents
    • Enter the business loan amount and tenure.
    • If your information meets our eligibility requirements, we will provide you with a reference number. Keep the reference number for future use
    • Our representative will contact you for additional information
    • Post verification, you will receive a personalized loan offer that includes the loan amount and interest rate
    • After approval, we will disburse the amount to your bank account.

  • What is the minimum and maximum loan amount which we can avail for a Medical Stores loan Business?

    From 2 lakh up to 25 lakhs for unsecured loans and for a secured loan from 5 lakh to 50 lakh.

  • What documents do I need in order to apply for a loan?

    Self-employed (Individuals)

    Self-Employed (Individuals) include self-employed – Sole proprietors, Partners & Directors in firms in the Business of Manufacturing, Trading, or Services.

    Documents required:

    • Proof of Identity: Passport / Voters ID / Driving License / PAN Card / Aadhar Card
    • Address Proof: Driving License / Voter ID / Utility Bill (Latest 2 months) / Registered Rental Agreement / Passport
    • Bank Statements: Latest 6 months’ bank statements / 6 months’ bank passbook
    • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
    • Business Continuity Proof: Shops and Establishment License / GST Registration Certificate / VAT Returns / Sales Tax Returns
    • Other Documents: Certified copy of Partnership Deed, Certified copy of MOA / AOA.

    Additional Document Required:

    Only for secured Business loans – Copy of all property documents

     

    Private Limited Cos and Partnership Firms

    Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading, or Services

    Documents required:

    • ID / Business Continuity Proof: PAN Card / S&E License / Tax Returns / Utility Bill
    • Address Proof: Utility Bill (Latest 2 months) / Registered Rental Agreement
    • Bank Statements: Latest 6 months’ bank statements / 6 months’ bank passbook
    • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
    • Other Documents: Certified copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association

    Additional Document Required:

    Only for secured Business loans – Copy of all property documents

     

    Self-employed (Professionals)

    Self-Employed (Professionals) include self-employed Doctors, Chartered Accountants & Architects.

    Documents required:

    • ID Proof: Passport / Voters ID / Driving License / PAN Card / Aadhar Card
    • Address Proof: Driving License / Voter ID / Utility Bill (Latest 2 months) / Registered Rental Agreement / Passport
    • Bank Statements: Latest 12 months’ bank statements / 12 months’ bank passbook
    • Latest ITR along with computation of income, B/S & P&L A/c for the last 2 years certified by a CA

    Additional Document Required:

    Only for secured Business loans – Copy of all property documents

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Beware of spam emails/calls/sms by fraudsters in the name of Hiranandani Financial Services Private Limited (HFS) offering loans at concessional rate or at very low rate. HFS Sanctions loans only through its registered branches/offices (https://hfs.in/locate-us.php) .We request you to avoid responding to such emails/calls/sms. Kindly visit our website www.hfs.in to learn more about our products, services and terms, before sharing any of your details with anyone or making any payments. In case any query/instances, please write to us at wecare@hfs.in



CIN : U65999MH2017PTC291060 | RBI Registration No: N-13.02257 | IRDAI Registration No: CA0887 as Corporate Agent (Composite)
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Beware of spam emails/calls/sms by fraudsters in the name of Hiranandani Financial Services Private Limited (HFS) offering loans at concessional rate or at very low rate. HFS Sanctions loans only through its registered branches/offices (https://hfs.in/locate-us.php) .We request you to avoid responding to such emails/calls/sms. Kindly visit our website www.hfs.in to learn more about our products, services and terms, before sharing any of your details with anyone or making any payments. In case any query/instances, please write to us at wecare@hfs.in


CIN : U65999MH2017PTC291060 | RBI Registration No: N-13.02257 | IRDAI Registration No: CA0887 as Corporate Agent (Composite)

  • CIN : U65999MH2017PTC291060
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  • CIN : U65999MH2017PTC291060