Canara Bank launches loan products to meet shortfall in hospitalization expenses Know Details Here

Canara Bank News Update: If your or your family member's mediclaim limit falls short during hospital treatment, you no longer need to worry. You can pay the remaining hospital bills by taking a loan from the bank. Public sector Canara Bank on Wednesday launched a loan scheme in which you can pay the bill by taking a loan from the bank after you fall short of money during treatment in the hospital.

Launching this loan scheme, Canara Bank said that the name of the healthcare focused loan product is Canara Heal. The purpose of this loan product is to pay the hospital bills by giving a loan in case of shortage of funds during hospital treatment. The bank said in its statement that in case the money falls short during settlement through TPA healthcare insurance claim of self or dependent during hospitalization for treatment, the bank will pay the remaining amount by giving the loan.

Canara Bank said that to pay the remaining hospital bills, a loan will be available at the rate of 11.55 percent on floating basis. Whereas if the loan is taken as per fixed rate, the bank will give loan at 12.30 percent. This healthcare loan facility is for those customers whose treatment expenses exceed the insurance limit.

Canara Bank has launched a savings account product for women named Canara Angel which includes a cancer care policy which is equipped with unique features. It has the facility of pre-approved personal loan and also the facility of taking online loan against turn deposit is also available. This savings account for women is completely free of cost and existing women customers of the bank can upgrade their accounts to add these features to their accounts.

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