Of the 1,80,000 registered dental graduates in India, only 80,000 are actively practicing dentistry. The major reason behind the 1 Lakh doctors who are not practicing dentistry is because most of them are unable to finance their ambitions to open a dental clinic.
There are possibilities that you may have come across monetary hurdles whenever you wanted to upgrade or set up your dentistry. A loan for a dental clinic expansion would be the best option for you to meet all the financial requirements and carry out the project without compromise.
Here are a few ideas and tips to make the feasible set of choices without fail.
Ways to update your dental practice
1. Create functional stability – A loan for professionals will help you to achieve functional stability. You need to integrate technology, healthcare functions and architectural design for more effective results. And, you require an investment to carry out such an integration plan.
2. Incorporate updated technology – A loan for a dental clinic will also help you to incorporate top-end modern technology to your setup. Such integration will help you to provide a professionally streamlined set of services. You need to understand how digital dentistry is the future of your dental practice and stay apace with the modifications.
3. Efficient utilization of space – With substantial capital, you can add more levels to your clinic or install top-of-the-line, modern machinery. These changes will create a more professional outlook for the customers. Thus, a successful floor plan is necessary.
Lending institutions in India offer easily accessible finance solutions which are customized for dentists along with easy EMIs and prepayments features. You can avail high loan amount to finance both you’re personal as well as business requisites.
They also come with pre-approved offers for their existing clientele on home loans, personal loans, business loans, and a range of other financial products. These schemes not only make the entire process of availing a loan hassle-free but also less time-consuming.
Top features of a loan for a dental clinic
- The interest rates on such loans are quite competitive.
- Institutions additionally provide the unique Flexi Loan facility with their Loan for Doctors. With this new-edge facility, borrowers can withdraw any amount partially or entirely, as per their requirements and pay interest only on that withdrawn amount.
- Minimal documentation is an added benefit to avail loan for doctors.
- Financial institutions provide doorstep services to make the process of availing loan for professionals more convenient.
- Some borrowers can even opt for part or full prepayment facility, available with leading financial companies.
These are unsecured advances which can help you upgrade your dental clinic and reach newer heights without much hassle. A financial advance to integrate laser dentistry, the next generation of dental surgery, into your setup will require your state-of-the-art machinery.
Upgrading to the latest technologies is necessary for you to build or expand a dental clinic. Not only for upgrades, but such financial advances can also help you in situations of financial emergencies in business, financing a holiday trip, etc. Follow the market trends to have a well-to-do business.
A loan for a dental clinic should benefit your customers, your venture and also the society. Make sure the funds are utilized in the most efficient way possible. Have a clear purpose to avail the loan and plan your requirements beforehand. It is essential for you to have a positive professional and financial background to avail the loan. Make sure you have a clean record of loan repayments and a healthy credit score (a minimum of 750) to be eligible.