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Personal Loan for Medical Emergency

Get quick access to affordable personal loans for medical emergencies in India. Explore flexible loan options today at Fincover.


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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

InstitutionInterest ratesLoan amount
HDFCFrom 10.5%Upto 40 Lakhs
Axis BankFrom 10.49%`Upto 40 Lakhs
ICICI bank10.75%-19%Upto 40 Lakhs
Bank of Baroda10.75% – 18.5%Upto 5 Lakhs
SBIFrom 11%Upto 30 Lakhs
IndusIndFrom 10.49%Upto 50 Lakhs
Yes BankFrom 10.99%Upto 40 Lakhs
Standard CharteredFrom 11.5%Upto 50 lakhs
IDFCFrom 10.49%Upto 50 Lakhs
Kotak MahindraFrom 10.99%Upto 40 Lakhs
PNBFrom 11.40%Upto 20 Lakhs
Bandhan bankFrom 11.55%Upto 25 Lakhs
Institution Interest rates Loan amount
Tata Capital From 10.99% Upto 35 Lakhs
InCred From 18% Upto 3 Lakhs
Finnable From 16% Upto 10 Lakhs
PaySense From 16.8% Upto  5 Lakhs
Poonawalla From 9.99% Upto 30 Lakhs
Fullerton From 11.99% Upto 25 Lakhs
LendingKart From 12% Upto 3 Lakhs
Axis Finance From 13% Upto 25 Lakhs
L&T Finance From 12% Upto 7 Lakhs
Mahindra Finance From 10.99% Upto 10 Lakhs
Aditya Birla From 11.99% Upto 50 Lakhs
Bajaj Finance From 11% Upto 50 Lakhs

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)

Avail Quick Medical Emergencies Loan,

While recovering, financial worries should be the last thing on your mind. Let us to find the best loan option for you

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