Tata Capital’s low-cost loans for medical needs

Leading non-banking financial company (NBFC) Tata Capital on Wednesday said it will facilitate lower priced loans to needy patients at empanelled hospitals.

“We have entered into collaboration with Mya Health Credit to facilitate low interest loans for planned medical procedures at empanelled hospitals,” said R Vaithianathan, managing director of Tata Capital Housing Finance.

Mya Health Credit specilises in financing medical need of individuals and is based in the city.

Tata Capital will provide loan of Rs 75,000 and above to the patient after it completes KYC (know-your-customer) formalities, Vaithianathan said.

With healthcare becoming increasingly expensive in the country, the challenge for most Indians lies in accessing healthcare at affordable prices.

Mya Health Credit facilitates affordable healthcare loans in times of need for pre-planned medical procedures.

The company hopes to provide loan of Rs 100 crore for 600 cases over the next two to three year, Menda said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • 49 per cent FDI in defence should pave the way for modernisation

    There is one industrial sector in India that has been kept out of the purview of the normal cycle of investment and production — defence.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture