If you are getting your loved ones treated in the hospital and you are facing financial problems, then you can now take a loan from public sector Canara Bank. The bank on Wednesday introduced several new products including a loan scheme to meet the shortfall in hospital expenses. The health care-focused loan product, named Canara ‘Heal’, is aimed at meeting the shortfall in hospitalization expenses while settling health insurance claims of self or dependents, the bank said in a statement, according to Bhasha news.
At what percentage interest rate will the loan be available?
According to the news, to meet the hospital expenses, the loan will be available at 11.55 percent per annum on floating interest rate basis and 12.30 percent on fixed interest rate basis. Health care loan facility is available to customers whose medical expenses exceed the sum insured. The bank has also introduced Canara Angel, a savings account for women. These include cancer care policies, pre-approved personal loans (Canara Ready Cash) and ‘online’ loans against term deposits (Canara My Money).
This digital platform was also introduced
It is free for women while opening a savings account. Existing women customers can convert their accounts to avail these facilities. The Bank has also launched a user friendly payment interface ‘Canara UPI 123Pay ASI’ and ‘Canara HRMS Mobile App’ for the employees of the Bank. The bank also claimed that it has become the first bank to provide seamless digital services at home to Self Help Groups (SHGs) in collaboration with the Reserve Bank Innovation Centre. These products introduced by the bank will prove helpful for the common people.
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