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Mauritius state-owned banks to dish our ‘zero-interest loans’

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Mauritius state-owned banks to dish our 'zero-interest loans'

The two Mauritius state-owned banks, State Bank of Mauritius and MauBank, have signed an MoU to put in place a “zero-interest medical loan scheme” for patients undergoing treatment in private clinics.

The MoU was reportedly signed at the Ministry of Health and Wellness on Friday 16 December 2022. 

Eighteen private clinics and two credit institutions are concerned so far, but the list will be extended, Health Minister Kailesh Jagutpal announced.

The programme will reportedly be a tripartite collaboration between private clinics, credit institutions and the Ministry of Health.

How to go about it? Patients will first have to obtain a medical certificate from a doctor certifying that they need treatment. They will then have to get a quote from the approved private clinic. The bank will then approve the loan and submit a form to the Ministry of Health for reimbursement of the interest amount. 

The treatments excluded from the scheme include cosmetic surgery, hair transplant and liposuction.

Source: Defi Media

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.