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Nearly 70% of Indians own a health insurance policy or are a dependent in a health insurance policy. In 2021 alone, the number of Mediclaim reimbursements applied for crossed 58 lakh cases with an amount of over INR 17,900 Cr. Despite all the above, nearly 1 in 5 Indian borrowers, seek help or sell off assets to pay medical bills. Keeping the above in mind, most policy holders, irrespective of the policy they hold, need to have liquidity at the time of discharge to settle their medical bill. There is thus a clear gap where patients need funds from the time being discharged and receiving the reimbursement claim from their insurance company. This is the gap we aim to fill.
Via our Healthcare Partner’s, our Healthcare Financing Product seeks to help the policy holder meet this short-term liquidity requirement and allows the policy holder or his dependents receive the health care they need without having to worry about finance at the time when they need it most.
Monedo extends the facility to the borrowers and maximum time period for same is 120 days.
Features
• Borrower meet short-term liquidity requirement
• Borrower or his dependents receive the hassle free health care they need
• Borrower can pay in bullet payment once he receives insurance reimbursement
• It’s collateral free, so no pressure on buyer to pledge any personal or commercial property
• Ease on the process and fast approval
Benefits
• Quick Approval
• No Collateral / Security
• 100% Digital Process
• Minimal documentation
Documents required to avail HealthCare Finance Loan
Upfront Processing fees : 5% to 15% + Applicable Taxes of the loan amount
Bouncing Charges : Not Applicable
Penal Charges : Not Applicable
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Monedo is the trade name of Monedo Financial Services Private Limited
We all are reading about instant loan apps which are involved in illegal lending and unfair recovery cc practices. Since these apps are not registered with the regulator (RBI) for any sort of lending, we urge our readers not to fall prey to such unauthorized platforms. These apps are unlawful and take wrong steps when comes to collection using the data on the mobile phones of customers.
RBI has warned individuals and small businesses against falling prey to an increasing number of unauthorized digital lending platforms.
In the current scenario, we would like to state the Monedo Financial Services Private Limited, a registered NBFC under RBI has no customer app and all lending and collections are done in legal and ethical ways as prescribed by RBI.
We only lend to customers as per internal policies and thus request customers to be aware of the same and loan amount depends on our proprietary algorithms depending on customers ability to pay. Our internal policies and practices ensure ethical lending and recovery.
Monedo cautions against loans being offered by unauthorized digital platforms, mobile applications promising a quick and hassle-free process. Please do not trust any messages, links, online forms, calls and apps asking for any payments impersonating as Monedo Financial Services Private Limited, to avoid any such mishap beware of hoax/fraudulent activities. These platforms always have hidden charges, adopt unacceptable high-handed recovery methods and misuse agreements to access data on mobile phones of borrowers.
Consumers should never share copies of Know Your Customer (KYC) documents with unidentified persons, unverified/unauthorized apps and should report such incidents at contact@monedo.in and 022-6817 3300 for queries and questions. Transact only through genuine channels or through our company executives and authorised partners.
We abide by the regulations and guidelines by The Reserve Bank of India with no exceptions.
We will continue to strive to keep this service ethical and within regulatory parameters at all times.
We look forward to being your trusted partner in terms of need.
Regards, Team Monedo Financial Services