Medical Loan

Medical Loan

Medical emergencies strike without warning. And, when that happens, even if you have the resources, converting to cash at short notice can be challenging.

The Trust has, till now, been picking up the expenses of needy and deserving Prabhus.

It has now decided that it will make support available even to people who don’t fall in the ‘needy’ category in the form of an interest free  loan.

This will provide considerable relief to all sections of the community in terms of managing their cash flows. 

PROCESS

The process of availing of a Medical Loan from the Pathare Prabhu Charities involves making an application to the Charities along with

  • Details of the medical emergency 
  • Relevant Medical Reports 
  • Bills paid (where available)
  • A letter from a guarantor for repayment of loan along with their financial statements

It is understandable that the patient himself / herself may not be able to apply personally. Typically close family members would be applying for the same.

GENERAL TERMS AND CONDITIONS

Charities can grant a maximum of Rs. 5 lacs in loan. This is at 0% interest.

There will typically be a moratorium on repayment for 6 months

The typical EMI is approx. 25K.

There would be legal paper work, charges of which are to be borne by the applicant.

Specific Terms and conditions will be shared with you at time of approval of application.

All disbursements are at the sole discretion of the Board of Trustees of the Pathare Prabhu Charities