Medical Equipment Finance

Medical Equipment Finance

India Medical equipment Financing market was valued at USD 3.89 Billion in 2023 and is anticipated to project robust growth in forecast period with a CAGR of 14.2% through 2024. The India Medical Equipment Financing market is vital sector that supports the healthcare industry by facilitating the acquisition of essential medical equipment and technology.  The market also caters to hospitals, clinics, diagnostic centers and healthcare professionals enabling them to access advanced medical devices and instruments without the need for significant upfront medical investment. The India medical equipment financing market is driven by the increasing demand of cutting-edge medical equipment, driven by nation’s expanding healthcare sector. 

 

 

The constant evolution of medical technology and equipment necessitates regular upgrades, India’s growing healthcare expenditure and infrastructure developments initiatives have spurred the need for medical equipment financing.  Some of the Key market drivers are Rapid advancement in medical technology, expanding healthcare infrastructure and services, Government initiatives and regulations, which are supporting the growth the medical equipment financing sector.

Loan Amount

Upto Rs. 100 Lakhs

Loan Tenure

12 to 18 Months

Interest Rate

2.5% per month

Processing Fees

4% to 10% (including GST)

Registered Address :
Monedo Financial Services Private Limited,
07th Floor, Part A, Corporate Centre,
Andheri – Kurla Road, Andheri East,
Mumbai – 400059, Maharashtra

Corporate Identification Number (CIN)
U65100MH2017PTC294521

 

RBI Certificate of Registration 
N-13.02277

© Copyright 2024

Monedo is the trade name of Monedo Financial Services Private Limited

Dear Customer / Reader,

We all are reading about instant loan apps which are involved in illegal lending and unfair recovery cc practices. Since these apps are not registered with the regulator (RBI) for any sort of lending, we urge our readers not to fall prey to such unauthorized platforms. These apps are unlawful and take wrong steps when comes to collection using the data on the mobile phones of customers.

RBI has warned individuals and small businesses against falling prey to an increasing number of unauthorized digital lending platforms.

In the current scenario, we would like to state the Monedo Financial Services Private Limited, a registered NBFC under RBI has no customer app and all lending and collections are done in legal and ethical ways as prescribed by RBI.

We only lend to customers as per internal policies and thus request customers to be aware of the same and loan amount depends on our proprietary algorithms depending on customers ability to pay. Our internal policies and practices ensure ethical lending and recovery.

Monedo cautions against loans being offered by unauthorized digital platforms, mobile applications promising a quick and hassle-free process. Please do not trust any messages, links, online forms, calls and apps asking for any payments impersonating as Monedo Financial Services Private Limited, to avoid any such mishap beware of hoax/fraudulent activities. These platforms always have hidden charges, adopt unacceptable high-handed recovery methods and misuse agreements to access data on mobile phones of borrowers.

Consumers should never share copies of Know Your Customer (KYC) documents with unidentified persons, unverified/unauthorized apps and should report such incidents at contact@monedo.in and 022-6817 3300 for queries and questions. Transact only through genuine channels or through our company executives and authorised partners.

We abide by the regulations and guidelines by The Reserve Bank of India with no exceptions.

We will continue to strive to keep this service ethical and within regulatory parameters at all times.

We look forward to being your trusted partner in terms of need.

Regards, Team Monedo Financial Services

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