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Business Loan for Medical Store

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HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
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End-to-End Digital Process

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Features of Business Loan for Medical Store

  • Tailor-made to meet the financial requirements of individuals planning to open a medical store.
  • For purchase/rent a shop, purchase equipments, inventory, licenses, etc.
  • Competitive interest rates.
  • Collateral-free loans.
  • Quick approval and disbursement.
  • Digital application and minimal documentation.

How does a Business Loan Help Set Up a Medical Store

Business loans help setting up a medical store in the following ways:

  • Covers initial setup cost for rent/purchase of a medical shop, licensing, registration, etc.
  • Provides funds for purchase of initial inventory, such as essential medicines and healthcare products, medical equipments and their storage products, billing systems and POS machines, etc.
  • Supports licensing.
  • Provides working capital for paying the salaries of the staff and make payments of the suppliers.

Eligibility Criteria of Applicants Availing Business Loan for Medical Store

Below-mentioned is the eligibility criteria of applicants availing business loan for medical store:

  • The minimum age of the applicant at the time of loan application should be 21 years and the maximum age at the time of loan maturity should be 80 years.
  • The applicant should have a total experience of atleast 5 years with an experience of 3 years in the current business.
  • Applicants should have a minimum CIBIL score of 650 to qualify for business loans.
  • Self-employed individuals, proprietors, private limited companies and partnership firms involved in the manufacturing business, trading or services are eligible for business loan for medical store.

Note that, the eligibility criteria varies from lender to lender. Applicants should check their eligibility criteria with the respective lender before applying for a business loan for medical store.

Documents Required for Availing Business Loan for Medical Store

Below-mentioned are the documents required for availing business loan for medical store. However, the documents vary from lender to lender. Therefore, applicants should check the document list of the respective lender before loan application to avoid any chances of loan delay or loan rejection.

  • ID proof - Aadhar card, voter ID, driving license, passport, PAN card
  • Address proof - Utility bills, Aadhar card, voter ID, driving license, PAN card, passport
  • A business plan highlighting the major goals of the medical shop competition analysis, target market, financial projections, etc.
  • ITR with income computation for last 3 years.
  • Business proof - Allotment letter, own contribution proof, Memorandums and Articles of Association, partnership deed, business profile, etc.
  • Valid licenses and permits for running a medical shop.

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All Your Needs

How to Get a Business Loan for Medical Store Easily

  • Maintain a strong credit score.
  • Compare multiple lenders.
  • Opt for digital loan application.
  • Keep all the documents ready.
  • Maintain a consistent cash flow.
  • Opt for the right loan amount.

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

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FAQs

A business loan helps the medical store owners for different commercial purposes, such as purchasing inventory, providing working capital, paying salaries, purchasing machinery, etc.

You can apply for a business loan for medical store either through the official website of banks and NBFCs or through their mobile applications.

A medical shop may cost around Rs. 5 to Rs. 20 lakh depending on the location, size and inventory used for setting up a medical store.

Lenders usually offer business loan for medical store depending on the creditworthiness of the applicant.

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What our customers say

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

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Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

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Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

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Ishita SinghDec 28, 2025
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