Narayana Health Partners With Fibe To Offer Low-cost Medical Loans
Fibe (formerly known as EarlySalary) one of India’s consumer lending platform has entered into a strategic partnership with Narayana Health to offer low-cost and no-cost medical expense loan of up to Rs 10 lakh for all elective and non-elective treatments on EMI under the CareNow PayLater proposition.
Patients and caregivers under this proposition, can seamlessly avail of loan for healthcare emergencies within minutes with a repayment tenure of 3 months to 2 years. The scheme is also applicable to those with no lending history.
This partnership between Fibe and Narayana Health is an effort in that direction and is expected to ease challenges faced by many patients and their caregivers.
Amol Maheshwari, Chief Distribution Officer, Fibe said, “With this strategic partnership, Fibe’s Health arm and Narayana Health would enable millions of Indians to afford best-in-class healthcare services. We anticipate that through this partnership with Narayana Health, we would take Affordable Healthcare to all consumer segments creating a great value proposition for the society.”
Ashish Bajaj, Chief Marketing Officer, Narayana Health said, “Our partnership with Fibe will further boost this vision and help patients and caregivers have easy access to affordable healthcare financing. We are confident that this partnership will benefit all those who have trusted Narayana Health for their healthcare needs.”
To avail the loan, the patient or the caregiver availing the loan must be a resident of India, between 21-55 years of age with a minimum salary of Rs 15,000. The entire process takes just minutes to complete and requires basic documents like KYC details, PAN, and bank account statements.
