BharatPe co-founder Ashneer Grover is set to launch a new LendTech app called ‘ZeroPe’ that will provide loans for healthcare. The app, which is currently in testing phase, will provide instant pre-approved medical loans of up to Rs 5 lakh to users to cover their medical expenses.
In order to provide instant loans, ZeroPe has partnered with Mukut Finvest, a Non-Banking Financial Company (NBFC) in Delhi. Users can only avail the service at partnered hospitals.
To apply for a medical loan with ZeroPe, users will need to download the app and complete a quick application. Thereafter, they will receive the instant loan approval.