Canara Bank Launches Emergency Loan to pay Hospital Bills, Know how to apply

- Advertisement -

State-owned Canara Bank launched a range of new products on Wednesday, including a loan scheme designed to cover hospital expenses. The bank introduced Canara Heal, a healthcare-focused loan product that aims to bridge the gap in hospitalization expenditure by facilitating settlement through TPA healthcare insurance claims for individuals and their dependents.

According to a statement released by the bank, the loan for hospital expenses will be available at an interest rate of 11.55% per annum on a floating basis and 12.30% at a fixed interest rate. This healthcare loan facility is specifically designed for customers whose treatment bills exceed their insurance limits.

Canara Heal Benefits

  • The facility will be available from 10 AM to 7 PM.
  • Seamless customer journey.
  • No Physical visit to the branch. Complete END to END digital journey.
  • Direct remittance to Hospital for hassle free discharge formality.
  • Pre-Approved limit for Existing customers.

Canara Heal Eligibility

  • All individuals i.e Resident Indian Citizens are eligible under subject scheme.
  • CIC Score: 700 & above
  • Age: Minimum entry age 21 years & Maximum entry Age 55 years.
  • Existing Salaried/Non-Salaried and Professionals Class who are credit worthy.
  • Only salaried new to bank customers are eligible.
  • Income Criteria:
    For Salaried Customer: Minimum salary credit of Rs. 50000/- per month
    For Non Salaried Customer: Average balance of Rs. 50000/- to be maintained in last 6 months.
  • NTH: Minimum Net Take Home Salary (NTH) of borrower should not be less than Rs. 20,000/- p.m. after meeting instalments of all existing loans and proposed loan.
  • Health insurance mandatory with associated TPA/Insurance Company.

Documents Required

  • Aadhar & PAN shall be validated online & complete Video KYC
  • Employee ID Card
  • Latest 6-months’ salary slips & last one-year bank statement.
  • Last 2-year ITR
- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

TCS announced double digit salary hike for employees

TCS starts variable pay for Junior Employees

Finance Ministry Proposes Strict Measures to prevent Cyber Fraud after BOB World Scam

Finance Ministry Proposes Strict Measures to prevent Cyber Fraud after BOB World Scam

CA in Pune cheated of Rs 3.4 crore in Share Trading Fraud

Pune-based Chartered Accountant Cheated of Rs 3.4 Crore in Elaborate Share Trading Cyber Fraud

BJP promises to increase Mudra Loan Limit to Rs.20 Lakh

BJP promises to increase Mudra Loan Limit to Rs.20 Lakh

RBI to Introduce New Licensing Framework for Point of Sales (POS) Operators in India

RBI to Introduce New Licensing Framework for Point of Sales (POS) Operators in India

This Man never went to College but now Earns Rs.10 Crore, Read his success story

This Man never went to College but now Earns Rs.10 Crore, Read his success story

Banks can not force Lawyers to pay Court Fees from their own pockets

Banks can not force Lawyers to pay Court Fees from their own pockets

Last 10 years Inflation Rate in India

Last 10 years Inflation Rate in India

1.5 crore individuals have not filed ITR, IT Department will soon send notice to them

Income Tax Department to send notice to 1.5 crore individuals for not filing ITR

Viral Video of Girl changing Clothes openly in front of Public

Viral Video of Girl changing Clothes openly in front of Public

Latest News