India’s first pre-approved medical loan card launch by Arogya Finance
Arogya Finance, a social healthcare venture, has launched the Arogya Card in Mumbai. The Arogya Card is a a pre-approved medical loan of upto Rs.2 lakh for the cardholders and their family members.
The Arogya Card does not require collaterals or formal income proof which are mandatory in other forms of finance. It easily available within 24 hours. The borrowers can repay the loans in Easy Monthly Installments (EMI) of upto 36 months and is calculated in a way that it does not exceed 25 per cent of the total family income. Arogya has developed a truly Indian approach for India.
Arogya Finance has been recognized as one of India’s most unique social innovators by International Partnership for Innovative Healthcare Delivery (IPIHD), an organization founded by McKinsey, USAID and the World Economic Forum and Social Entrepreneurship Accelerator at Duke (SEAD). With over 100 healthcare delivery partners and presence in 9 states, Arogya plans to implement the concept of Arogya Card across the nation.