Eligibility for Loan : The Medical Loan is a top-up loan available for existing members, sanctioned during medical emergencies.

Maximum Limit : The Medical Loan ranges from Rs. 10,000 to Rs. 50,000/-

Repayment Period :The loan repayment will occur through monthly instalments and interest over a maximum period of 10 months, excluding the current outstanding loan principal amount.

Co-Obligants (Sureties): One co-obligant (surety) is required.

Rate of Interest : Interest on loans is calculated on daily basis at 7% per annum on a reducing balance (subject to instalment repayment).

Documentation : Members must complete the prescribed Loan Application form with one Co-obligant (Surety) Signature, submit a letter for the sanction of the medical loan, and provide an original Medical Certificate attested by the Chief Medical Officer of Bosch.

Processing Fee : No processing fee will be charged.

Re-Eligibility : Re-eligibility is granted only after the full repayment of the previously availed medical loan.

Additional Clause: An additional deduction of Rs. 1,000 to Rs. 5,000 will be made for Medical loan amounts ranging from Rs. 10,000 to Rs. 50,000.


Click here to download forms.