Medical Loan
What is a Medical Loan?
A Medical Loan is a personal loan specifically designed to cover medical expenses. It helps patients or their families pay for treatments, surgeries, or hospital bills without financial stress, allowing them to focus on health and recovery instead of worrying about immediate payments.
When Can You Use a Medical Loan?
- Emergency surgeries and hospitalization
- Planned medical procedures (orthopedic, cardiac, eye, dental, etc.)
- Fertility treatments (IVF, IUI)
- Cosmetic or reconstructive surgeries
- Cancer treatments or long-term therapies
- Diagnostic tests and health checkups
- Post-surgery recovery and medications
Key Features:
- ✅ Instant Approval: Quick processing and fast disbursal
- ✅ Flexible Loan Amounts: Choose amounts based on your treatment cost
- ✅ No Collateral Needed: Unsecured loan—no need to mortgage property or assets
- ✅ EMI Options: Repay easily in monthly installments
- ✅ Minimal Documentation: Simple KYC, income proof, and medical estimate required
Eligibility Criteria:
- Age: Usually between 21 and 60 years
- Income: Salaried or self-employed individuals
- Credit Score: A good credit score increases chances of approval
- Documents: ID proof, address proof, income proof, medical estimate/invoice
How to Apply:
- Check Eligibility: Fill in basic details to check if you qualify
- Choose Loan Amount & Tenure: Decide how much you need and your preferred repayment period
- Submit Documents: Upload ID proof, income proof, and hospital estimate
- Loan Approval & Disbursement: Once verified, funds are transferred to your account or directly to the hospital
- Start Treatment: Use the funds for your healthcare procedure