Facing high hospital bills? Take medical loan
(WorldNews Business)

CHENNAI: With medical emergencies these days costing Rs 5-15 lakh or at times even Rs 50 lakh, medical loan startups like Credihealth, Arogya Finance and aggregators such as Cashkumar and BankBazaar are finding distraught family members knocking on their doors. For a majority of individuals, it is lack of insurance or being under-insured under the employer-paid health policy that has them seeking help from unconventional channels. But while loan startups charge 12-15% as interest, the rate could go up to 35% with aggregators. The repayment tenure is typically six months to four years. Arogya Finance, which has disbursed loans to the tune of Rs 2 crore with an average ticket size of Rs 1...