Hii Buddy , I want to know What are the Eligibility Criteria for Health Insurance Loan in State Bank Of Patiala , Will you plzz tell me ??

To meet the medical treatment expenses of self or dependent family member. Family for this purpose includes spouse, children and parents only.

Eligibility :

An employee of the State/Central Government, PSU, reputed Private Sector employee with a minimum of 10 years of service.

A professional or self employed.

Pensioners of PSUs/Govt. (Central/ State)/public sector banks including those who have taken premature voluntary retirement and are 60 years of age or below

Indicative List for Medical Treatment & Health Care Equipments

Corneal Implant
Orthodontic Treatment (fixed tooth implant)
Congenital heart surgery
Angioplasty
Heart Valve Replacement Surgery
GIFT (in-vitro technique for child bearing)
Serious Accidents and Multiple Injuries Surgery
Hip and Knee Replacement
Any other Medical Treatment require Hospitalization

Loan Amount
Minimum Rs 50,000.00

Maximum loan amount
Maximum Rs.10 lacs

Computation of loan amount
18 months Net Monthly Income (NMI) or 1.5 times of Net Annual Income (NAI) subject to Equated Monthly Instalment (EMI) not to exceed 50% of NMI.

Interest rate

1.75 % above Base Rate (Applicable Rate 12.00% p.a.) In all other cases 2.25 % above Base Rate (Applicable Rate 12.50% p.a. )

Margin contribution 25% on the total cost of medical expenses/equipments

Processing fees
Rs 1000.00 upfront irrespective of the loan amount to be recovered manually by the branches.

Repayment period

Repayment period from 36 months to 60 months in equated monthly instalments including 6 months of moratorium period (if necessary).

For More Information Here I m Attaching pdf File you Can Download free of Cost :

Attached Files

Health Insurance Loan of State Bank Of Patiala.pdf (495.5 KB, 84 views)