India Pharma Outlook Team | Friday, 14 April 2023
To offer medical expense loans of up to Rs. 10 lacs for all elective treatments on free EMI under their CareNow PayLater proposition, Fibe (previously EarlySalary), one of India's top consumer lending platforms, has partnered with Pristyn Care, the country's largest secondary surgery care provider. The partnership seeks to offer Pristyn Care patients Instant Affordability with simple payback choices. With the assistance of its network of 800+ hospitals, 200+ clinics, and 400+ in-house super-specialty doctors, Pristyn Care specialises in elective procedures and conducts sophisticated secondary care surgeries.
The most cutting-edge medical equipment is used by a group of skilled surgeons to treat more than 50 ailments in more than 42 cities. Patients of Pristyn Care will have access to Fibe's interest-free financing options thanks to this agreement. Patients of Pristyn Care can now use Fibe's no-cost EMI to pay for procedures thanks to this partnership. This service is also available for costs that health insurance does not cover.
This collaboration between Fibe and Pristyn Care aims to reduce the financial hardships that many patients and their carers experience. The patient may choose a repayment period for the therapy that fits their schedule, which can be anywhere between 3 months and 2 years. On the partnership, Amol Maheshwari, chief distribution officer at Fibe (previously EarlySalary) said, “We are excited about our partnership with Pristyn Care. We share the common values of serving our customers in a seamless and hassle-free manner. Our alliance with Pristyn Care fortifies our commitment to power Instant Affordability of high-quality healthcare services.
Through this partnership, we wish to empower every Indian who needs a timely surgical intervention, and the ability to take control of his health without the worry of finances. This partnership aims to promote good health and impact millions of lives in coming years.” Harsimarbir Singh, co-founder at Pristyn Care said, “Affordability is key to providing accessible healthcare for Bharat. We offer multiple lending options, and no-cost EMI through our partners so that the patient does not need to bear any interest while undergoing treatment for a disease.
Our partnership with Fibe will strengthen our patient-centric offerings and help us provide advanced medical treatments to millions of patients. We welcome Fibe to the Pristyn family and look forward to a strong partnership.” The patient or carer must reside in India, be between the ages of 21 and 55, and have a minimum wage of Rs. 15,000 in order to be eligible for the loan. The entire procedure is paperless, takes only a few minutes, and calls for only the most fundamental paperwork, such as KYC, PAN, etc. All consumer segments, even those who are credit-impaired, may use the financing services.