JS Hospital Financing
JS Hospital Financing, based on State Bank’s Refinance Facility for Combating COVID-19 (RFCC), is a loan facility for Hospitals, Medical Centers and entities planning to engage in manufacturing of medical equipment (mask/protective dresses/testing kits/hospital beds/ventilators and other medical items) who want to cater to increased demand of healthcare services due to the recent outbreak of COVID-19. This financing facility allows Hospitals, Medical Centers and entities planning to engage in manufacturing of medical equipment (mask/protective dresses/testing kits/hospital beds/ventilators and other medical items) to combat COVID – 19 to buy local /imported medical equipment so that they are fully prepared and adequately equipped to deliver quality services to the population of the country.
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This finance facility is to be utilized for buying only new medical equipment by Hospitals & Medical Centers as per following list provided below:
| Ventilators | Testing Equipment and Testing Kits | Sterilization Equipment | Personal Protective Equipment | Surgical protective dresses |
| Surgical Sets | Examination beds | Oxygen cylinders | Oximeters | Bed screens & separators |
| Setting up of isolation ward |
Eligibility Criteria:
- The Hospitals and Medical Centers should be duly registered with respective provincial/federal agencies/commission
- NTN of three years will be required alongside ATL presence
- Only borrowers, as defined in Commercial/ Corporate/ SME Prudential Regulations, shall be eligible to avail financing facilities under the Scheme
- The Hospitals and Medical Centers entertaining patients even other than those of COVID-19 can set up or expand the existing hospital and medical center subject to the following minimum conditions:
| Registration with respective Provincial/Federal agencies/commissions. |
50 Bedded tertiary care hospital. |
| 24 hours fully equipped emergency. | In house Laboratory facility including Radiology/ CT/MRI/Ultrasound/ angiography/ angioplasty. |
| ICU/CCU with ventilators attached to each bed | Operation theaters and OPD facility |
Required Document Checklist:
- Business proof of last 3 years
- Audited Accounts and Management Accounts, as per Commercial/ Corporate/ SME Prudential Regulation, where applicable
- Personal guarantee of the owner/directors. Sponsor directors’ personal guarantee in the case of limited companies
- Supporting Documents/Undertaking to be obtained for proper utilization of loan
- Last 1-year Bank Statement required for JS Bank account holders
- Last 2-year Bank Statement required for Non-JS account holders
- NTN of three years will be required alongside ATL presence.
- In case the hospital is owned by trust or work under charter it would be prudent to obtain the trust deed /charter confirming whether they are eligible / can borrow and can provide security against borrowings
- Any other requirement of the Bank as per Commercial/ Corporate/ SME Prudential Regulations
- During facility disbursement, until SBP approves refinance facility, mark-up rate of 1-Month KIBOR+2% (floating) per annum would be applicable
- Late repayment mark-up rate of 1 month KIBOR+3% (floating) per annum