Canara Bank has launched a new loan scheme, Canara Heal, to address the financial gap in hospitalisation expenses beyond the coverage of health insurance policies. The bank has also launched Canara Angel, a savings account tailored for women, offering unique benefits.
Women can open a Canara Angel account free of cost, with existing customers having the option to upgrade their accounts to access these features. Canara Angel has features like cancer care policy, pre-approved personal loan Canara ReadyCash and online loan against term deposit product Canara MyMoney.
Canara Heal offers flexibility with interest rates set sat 11.55 per cent per annum on a floating basis and 12.3 per cent on a fixed interest rate basis. It specifically caters to customers facing medical bills that surpass their insurance limits, providing a vital financial resource during times of healthcare emergencies.
