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Business Loan for Medical Store

Learn how to get a business loan of up to ₹80 lakh to start your medical store, with details on eligibility, interest rates, and flexible repayment options.

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Minimum Interest Rate

14% p.a.
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Maximum Loan Tenure

96 months
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Maximum Loan Amount

₹80 Lakhs

Opening a medical store can be a stable and rewarding business, given the constant demand for medicines and healthcare products. However, setting up a pharmacy requires significant investment in space, inventory, and licences. 

If arranging this capital is a challenge, a business loan for a medical shop can offer the financial support needed to get started and run operations smoothly.

Features and Benefits of Business Loans for Medical Stores

If you choose to apply for a business loan for pharmacy shop via Bajaj Markets, you get a host of advantages and add-on features:

  • No Collateral

Medical stores are an essential element of the healthcare and medical services sector in the country. The unsecured business loans do not require you to pledge your valuable assets as collateral to open or fund your pharmacy.

  • Flexible Tenure

Based on your requirements and repayment potential, you can opt for flexible repayment tenures ranging from 12 to 60 months.

  • Swift Approval

The demand for medical supplies is constant, and your pharmacy business should keep up with it. When you apply for a business loan for your medical store, approval takes less than 2 minutes, especially if you have a strong CIBIL score. The funds are then disbursed to your bank account within the next 24 hours.

  • Minimal Documentation

Opening and running a medical store can be a hectic business, which is why the business loan for your medical store should ideally be as hassle-free as possible. The application process for business loans at Bajaj Markets is hassle-free and seamless and requires minimal documentation.

  • Trusted Platform

The Bajaj Markets platform offers a safe and transparent mode for availing financial products and services and is trusted by customers across India.

Cost of Opening a Medical Store in India

Opening a medical store in India involves several initial and ongoing expenses. The actual cost may vary depending on the location and scale of operations.

Estimated Costs:

  • Commercial space (rent): ₹10,000 to ₹1,00,000 per month

  • Pharmacist salary: ₹5,000 to ₹30,000 per month

  • Furniture and fixtures: Around ₹30,000

  • Cold storage equipment: Around ₹10,000

  • Legal and licensing charges: ₹6,000 or more

  • Miscellaneous expenses: Around ₹15,000

In addition to these, you may need to invest ₹50,000 to ₹1,00,000 in initial medicine stock. This cost can vary based on supplier terms, payment methods, and region.

Total Estimated Investment: ₹3,00,000 to ₹8,00,000, depending on the store’s location and setup.

How Business Loans Help Set Up and Run a Medical Store

Running a pharmacy requires more than just stocking medicines. You must invest in licensing, shop setup, refrigeration units, trained staff, and regular inventory updates.

A business loan for medical shop in India can help cover key expenses such as:

  • Initial setup costs – Rent, interiors, and storage infrastructure

  • Licensing and compliance – Registration fees and legal charges

  • Inventory procurement – Purchasing essential and prescription medicines

  • Staff salaries – Hiring qualified pharmacists and support staff

  • Working capital – Managing day-to-day operational costs

Whether you are starting fresh or planning to expand, this type of loan provides the flexibility to manage large expenses without straining personal finances. Choosing a lender with fast approval and tailored repayment options can ease the funding process and help maintain smooth operations.

Eligibility Criteria of Business Loan for Medical Store

In order to avail a Business Loan on Bajaj Markets, as a financing option for your medical store, it is important to make sure that you meet the eligibility criteria of the concerned lender. While every lender has a different set of criteria, some of the criteria that you are required to fulfil in case of most lenders are as follows:

  • You must be a citizen of India

  • You must be self-employed

  • Your age must be in the range of 25-66 years

  • You must have business experience of at least 3 years

Documents Required for Medical Shop Loan

You need to furnish the following set of documents while applying for a business loan for your medical store or pharmacy:

  • Identity Proof: Aadhaar card, passport, voter ID, etc.

  • Address Proof: Electricity bill, telephone bill, passport, Aadhaar card, driving licence, etc.

  • Business Proof: Certificate of business existence, Income Tax filings for the previous financial year, profit and loss statements for the past 3 years, etc. (applicable only for existing pharmacy owners).

  • 2 passport-size photographs.

How to Apply for a Medical Store Loan

You can follow the steps given below in order to get a pharmacy business loan through Bajaj Markets:

  1. Click on the ‘Apply for Loan’ tab on this page

  2. You will be redirected to the online loan application form

  3. Enter your profession, mobile number, and residential pincode

  4. Accept the terms and conditions

  5. Click on ‘CHECK YOUR OFFER’ to view eligible loan options

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

FAQs

Can I get a loan for a medical store?

Yes, many banks and NBFCs offer business loans specifically for medical stores. These can be secured or unsecured, depending on your credit score and requirements.

Interest rates typically range from 8% to 20% per annum. The final rate depends on your credit history, loan amount, tenure, and the lender’s policy.

The initial investment usually ranges between ₹3,00,000 and ₹8,00,000. This includes rent, salary, furniture, licences, and initial medicine stock.

  • Not checking your credit score

  • Applying without comparing lenders

  • Ignoring hidden charges like processing fees

  • Taking a loan without a clear repayment plan

  • Failing to read the terms and conditions carefully

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