HDFC Bank Instant Loans for Apollo Hospital Patients – The New Indian Express

By Express press service

NEW DELHI: HDFC Bank on Wednesday announced a partnership with Apollo Hospitals under which it will offer customers of the hospital chain unsecured loans of up to Rs 40 lakh to pay for medical expenses incurred at their facilities.

According to the bank, these loans will be disbursed almost instantly as the need for money arises. Managing Director and Managing Director of HDFC Bank, Aditya Puri, told reporters that hospital patients who are customers of HDFC Bank will also get preferential treatment.

Apollo Executive Vice President Shobana Kamineni said HDFC Bank has 65 million customers who can take advantage of the facility. She also pointed out that while health insurance is necessary, it does not cover all aspects despite providing cashless facilities and hence such a link will be helpful.

Apollo Hospitals had launched the “Healthylife Program” earlier this year to take care of several illnesses and conditions, and HDFC Bank customers who enroll under the merger will be part of it, she said. Currently, there are 4 million members on the platform, Kamineni added.

Head of HDFC Bank (Corporate Banking) Group Rahul Shukla said subscription to the basic program is free for its customers. However, Shukla did not disclose whether the partnership with Apollo Hospitals would be an exclusive tie-up for the lender.

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