Kotak Mahindra Bank Enters Healthcare Financing
New Delhi: Private lender Kotak Mahindra Bank announced on Tuesday that it has launched its healthcare financing solutions ranging from healthcare infrastructure loans, medical equipment finance and unsecured healthcare loans in a bid to meet to the main players in the health ecosystem.
Kotak said in a statement that it has introduced a comprehensive offer at attractive interest rates to meet the financing needs of all key players, including loan facilities such as quick loans up to Rs 50 lakh with documentation minimal.
The lender said India’s healthcare sector is expected to experience strong growth over the next few years.
âThe increase in investment in health care is fueled by increased attention on the part of the government to provide accessible, affordable and quality health care across the country. In addition, growing insurance coverage and a distinct shift to wellness and preventive health care, in addition to medical tourism, all point to strong long-term growth prospects for the industry, âadded Kotak.
Sunil Daga, President and Head of Corporate Banking Assets, Kotak Mahindra Bank, said, âUndoubtedly, healthcare is a priority sector for India for the next 3-5 years and beyond. The pandemic has only underscored the importance of the sector and the need for increased spending and investment to improve both the capacity and the quality of the country’s health infrastructure. To add to this, we are also seeing a growing awareness of health and wellness among consumers. “
âThe industry is at a turning point and we believe the time is right for a personalized and diverse range of financing options to suit the entire supply chain. Kotak’s healthcare funding proposal will support the growth of the Indian healthcare industry, âhe added. .
Kotak said it will provide a range of healthcare financing options, such as purchasing medical equipment financing from approved manufacturers or dealers, working capital loans, infrastructure loans. health care, unsecured medical loans and credit loans to health facilities and individual physicians for business expansion.