Microfinance refers to a affordable financial services for low-income people, living either on or below the poverty line. In this case , women seeking financial assistance for their IVF treatment.
BSV START: Benefits for IVF Centre & Patients
IVF Centre
No Subvention cost
Loan amount directly disbursed to IVF centre
Improved patient adoption & retention
Patients
INR 25000 to INR 2 lakh loan with EMIs @0% interest
Easy documentation & fast processing (No hard copy required
Approval to disbursement time is 30 min to 72 hours*
CIBIL score >700 (Cases <700 will be decided on case-to-case basis)
Minimum Monthly income > Rs. 15000 (In case of non-salaried, individual as per banks discretion)
Bank A/c is mandatory and monthly income should be reflecting in A/C
Documents required at the time of Approval*
Soft copy of Pan card for borrower
Soft copy of Aadhaar card for patients & borrower
Soft copy of prescription along with estimated costs of treatment
Latest 3 months bank statement of the borrower
*If any other documents required, The third party team will connect with Patient
Loan & EMI Scheme Calculations*
Particulars
Scheme and calculation on 1 Lakh
Loan Amount (Rs.)
1,00,000
1,00,000
Tenure (Months)
6
11
Advance EMI (Nos)
1
4
EMI Amount (Rs.) ( Monthly)
16667
9091
Advance EMI Amount (Rs.) ( One time )
16667
36364
Interest to Patient Annual (Flat)
0%
0%
Interest to Subvention Supported by Third party (7.5%)
7500
7500
Processing fee 2% + 18% GST payable by Patient
2360
2360
Disclaimer: NBFCs are governed by the banking regulations in the country and any change /directives by the RBI will result in a change in the scheme & calculation
Instructions to the Physicians
This site is intended for Healthcare Professionals only
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