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Canara Bank launches new loan schemes to meet hospitalisation expenses

Canara Bank has introduced a new loan scheme, Canara Heal, designed to cover the shortfall in hospitalisation expenses beyond health insurance limits, featuring competitive interest rates. Additionally, the bank has launched Canara Angel, a savings account tailored for women, offering unique benefits.

Canara Heal is aimed at meeting the shortfall of hospitalisation expenditure while settling through TPA healthcare insurance claims of self and/or dependents. The loan for meeting hospital expenses will be available at 11.55% per annum on a floating basis and 12.3% on fixed interest rate basis.

The healthcare loan facility is available for customers whose treatment bill exceeds the insurance limit.

Customised savings account for women called Canara Angel has unique features such as a cancer care policy, pre-approved personal loan Canara ReadyCash and online loan against term deposit product Canara MyMoney.

It is free of cost for women at the time of opening a savings account. Existing women customers can upgrade their accounts to avail these features.

PR Newswire

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