Ashneer Grover set to launch ZeroPe to offer instant pre-approved medical loans

BharatPe's cofounder Ashneer Grover is all set to launch a new fintech application called ‘ZeroPe’ with an aim to provide hassle-free medical loans. At present, the app which is developed by Third Unicorn is in Test Mode.

ZeroPe for medical loans

After exiting from BharatPe Ashneer Grover and his wife Madhuri Jain Grover started Third Unicorn in partnership with Chandigarh-based entrepreneur Aseem Ghavri. Third Uniocorn's most recent launch was a fantasy gaming platform ‘CrickPe’ in 2023.

ZeroPe is now joining the club of companies including SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health in providing quick financing options for medical bills and other elective procedures.

ZeroPe will offer instant pre-approved medical loans of upto Rs 5 lakh to cover the medical expenses in collaboration with Delhi-based Non-Banking Finance Company (NBC) Mukut Finvest. As per the Company's website, the service can only be availed at partnered hospitals and medical centres.

Along with this, the fintech will help customers to monitor their upcoming EMIs and payments.

Steps to avail loan

The medical loan can be availed through its intitutive interface. Here are the steps to avail loan

1. Customer has to complete KYC. Documents required: Phone number, Aadhaar card number, and PAN
2. Customer has to choose the health care facility where the ZeroPe's loan services are applicable.
3. Customer can now enter the loan amount and plan EMIs as per his/her convenience.
4. The company will then approve the loan amount on behalf of the user to the chosen hospital

The borrower can also repay the loan early without incurring additional charges