Canara Bank introduced three loan schemes amidst fight against Kovid epidemic – canara bank introduced three loan schemes amidst battle with kovid epidemic

Canara Bank introduced three loan schemes amidst fight against Kovid epidemic – canara bank introduced three loan schemes amidst battle with kovid epidemic

New Delhi, May 28 (Language) Public sector Canara Bank on Friday offered three loan schemes, related to healthcare business and personal loans, amid the fight against the epidemic.

Loans ranging from Rs 10 lakh to Rs 50 crore will be offered to registered hospitals, nursing homes, diagnostic centers and all other units in the health infrastructure sector under the Canara Medical Health Care Loan Facility.

Canara Bank said in an advertisement that the loan tenure at the concessional interest rate would be 10 years, with an additional moratorium of up to 18 months.

Under the Canara Jeevanline health care business loan facility, loans up to Rs 2 crore will be given at concessional interest rate to registered hospitals and nursing homes or other centers for manufacturing and supplying health products like medical oxygen, oxygen cylinders and oxygen concentrators.

Canara Bank said that there will be no processing fee for this loan.

Apart from this, loans ranging from Rs 25,000 to Rs 5 lakh will be given to customers as immediate financial assistance for the treatment of Kovid-19 under the Canara Suraksha Personal Loan Scheme.

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