Personal Loan for Medical Emergency
Get quick access to affordable personal loans for medical emergencies in India. Explore flexible loan options today at Fincover.
Personal Loans for Medical Emergency
Life can be unpredictable, and when a medical emergency strikes, it often comes without any investment sucking your savings dry. Personal Loans during emergencies emerge as silver lining for this situation provided you have a good credit score. With Personal Loans for Medical Emergencies, you can avail the best medical care without delay.
In India, where healthcare costs continue to rise, having access to quick treatment is very important. These loans are can be life saving and one important thing is that they are easy to avail.
Interest rates from Popular Banks and NBFCs Medical Emergency
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
Features of Personal Loans for Medical Emergencies
- Quick Approval: In urgent situations, time is of the essence. Personal loans for medical emergencies in India are known for their speedy approval processes, ensuring that you get the funds you need when you need them the most.
- Minimal Documentation: These loans often require minimal documentation, reducing the burden of paperwork during stressful times.
- Flexible Loan Amounts: Borrowers can typically avail loans ranging from a few thousand rupees to lakhs, depending on their medical emergencies.
- Affordable Interest rates: With competitive interest rates, these loans make it feasible to manage repayments without adding excessive financial strain.
- Customized Tenure: You can choose a repayment tenure that suits your financial situation, allowing you to comfortably pay back the loan.
- No Collateral Required: Personal loans for medical emergencies in India are unsecured, meaning you don’t need to pledge any collateral, making them accessible to a broader range of individuals.
- Online Application: Most lenders have online application process, allowing the users to fill the form within few minutes
Benefits of Personal Loan for Medical Emergencies
- Credit Score Improvement: Successfully repaying a personal loan can boost your credit score, improving your financial health for the future.
- Don’t break your savings: With the option of getting a personal loan, you need not break your savings. You can keep it afloat.
- Pocket-Friendly repayment: You can payoff your personal loan in easy installments or EMIs. The payment terms are usually flexible and you can choose a tenure that fits your monthly expenses.
Eligibility Criteria of Personal Loan for Medical Emergency
To apply for a Personal Loan, you need to meet the following criteria:
- Age: 21 to 65 years
- Minimum Monthly Income: Rs. 20000 atleast
- Employment Type: Salaried or Self-employed
- Indian Resident with a valid ID and Address Proof
Documents Required of Personal Loan for Medical Emergency
- Identity Proof (Aadhaar, Passport, Voter ID)
- Passport size Photographs
- Address Proof (Utility Bill, Passport, Aadhaar)
- Income Proof (Salary Slips, ITR for self-employed)
- Bank Statements (Last 3 to 6 months)