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.

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