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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

Banks
InstitutionInterest ratesLoan amount
DBS bankFrom 10.99%Upto 15 Lakhs
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
NBFCs
InstitutionInterest ratesLoan amount
Piramal FinanceFrom 12.99%Upto 35 Lakhs
Shriram FinanceFrom 14%Upto 35 Lakhs
Tata CapitalFrom 10.99%Upto 35 Lakhs
InCredFrom 18%Upto 3 Lakhs
FinnableFrom 16%Upto 10 Lakhs
PaySenseFrom 16.8%Upto  5 Lakhs
PoonawallaFrom 9.99%Upto 30 Lakhs
FullertonFrom 11.99%Upto 25 Lakhs
LendingKartFrom 12%Upto 3 Lakhs
Axis FinanceFrom 13%Upto 25 Lakhs
L&T FinanceFrom 12%Upto 7 Lakhs
Mahindra FinanceFrom 10.99%Upto 10 Lakhs
Aditya BirlaFrom 11.99%Upto 50 Lakhs
Bajaj FinanceFrom 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

Calculators
EMI Calculator

Loan Amount

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Loan Duration (In Months)

Interest Rate (%)

EMI Calculation

Loan Summary

Monthly Payment (EMI)

Rs. 15,527

Total Interest Payable

Rs. 8,63,240

Total Repayment

Rs. 18,63,240

Principal Amount & Interest Breakup

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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