SBM Bank (Mauritius) Ltd launched the “Zero Interest Medical Loan Scheme” this week.
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This interest-free financing plan, designed in collaboration with the Ministry of Health and Welfare, and in partnership with several private hospitals in Mauritius, aims to help Mauritian citizens undergoing treatment in a private hospital.
Ce scheme thus provides them with a loan whose main characteristic is the absence of interest throughout the repayment period, with exemption from application fees.
The “Zero Interest Medical Loan Scheme” offers loans ranging from Rs 50,000 to Rs 1 million for medical treatment in private partner hospitals.
Funding covers up to 100% of the cost of treatment, with a reimbursement period of up to seven years, including an optional one-year moratorium.
In addition, the plan is exempt from application fees.
This is for any Mauritian citizen who has resided in the territory of Mauritius for at least six months prior to the treatment, unless he has been away from the country for medical treatment, vacation, business or study.
In addition, the total gross monthly income of the borrower (both spouses jointly, or single parent) must not exceed Rs 200,000.
Further information on SBM’s Zero Interest Medical Loan Scheme and applicable terms and conditions are available on the bank’s website, www.sbmbank.com.
