7 Expensive Medical Treatments That May Require a Medical Emergency Loan

Serious illnesses can significantly impact your lifestyle and affect your ability to earn a living. These diseases require special care and treatment, which makes them expensive. While your priority is to get the best treatment for your loved ones, arranging such a large amount in a shorter period may be challenging at times.

A Personal Loan for a medical emergency can help you pay for them. With quick approval, minimal documentation, and instant payment, it allows you to get funds quickly for hospitalisation, surgery, or care after treatment. Let's examine 7 costly medical treatments that may necessitate a Personal Loan to cover the bills and other expenses.

Top 7 Expensive Medical Treatments Requiring a Personal Loan

India offers advanced healthcare facilities; however, the cost of medical treatment can still be overwhelming. A Medical Emergency Loan or Personal Loan for medical treatment provides timely support during such situations. Here are some of the expensive medical treatments:

1. Cancer Treatment

Cancer is one of the most expensive medical treatments in India. Depending on the cancer type, the costs of chemotherapy, radiation therapy, and targeted therapy can start from ₹1.5 Lakh to ₹18 Lakh.

A Personal Loan can help manage the most expensive medical treatments, covering costs for diagnostic tests, post-operative care, and medications. With fast approval and no collateral needed, you can focus on recovery rather than worrying about medical costs.

2. Treatment for Heart-related Diseases

Complex surgeries such as coronary artery bypass graft or aortic valve replacement are performed for heart-related conditions such as coronary artery disease. Depending on the hospital's location and the complexity of the surgery, the cost at private hospitals may vary.

In such cases, a Medical Loan offers instant loan disbursal and affordable options for timely support. It helps patients manage facility fees, surgery costs, and post-surgery care without disturbing existing finances.

Also Read: How Can You Get An Instant Medical Loan?

3. Kidney Transplant and Dialysis Treatment

Kidney transplant or dialysis is among the most expensive medical treatments. This is because it requires specialised care in a hospital setting, including attention from doctors in dedicated rooms. The cost of a kidney transplant in India ranges from ₹6 Lakh to ₹12 Lakh, depending on the healthcare provider.

A Personal Loan can help cover medical expenses, including pre-surgery tests, medications, and follow-up care. It provides flexibility to manage ongoing medical costs with ease through competitive interest rates and repayment options, without compromising on care.

4. Treatment for Dementia

Patients diagnosed with dementia, most of whom are elderly, require lifelong medical attention, including both formal and informal home-based care. Post-operative and follow-up care further increase healthcare costs, making it one of the most expensive medical treatments in India. A Personal Loan for these medical expenses ensures that families can provide continuous support without compromising the patient’s well-being.

5.  Treatment for Cirrhosis

Cirrhosis, often treated through a liver transplant, is among the most expensive medical treatments in India. Costs can vary from hospital to hospital and from surgery to surgery; however, medical expenses can range between ₹10 lakh and ₹30 Lakh.

A Personal Loan for medical treatment can offer you access to advanced technology and quality treatment from trusted hospitals. This helps manage hospital medical expenses, the costs of procedures, and post-surgery treatment, rather than reducing your savings.

6. Alzheimer Treatment

The cost of treatment for an Alzheimer's patient is approximately ₹2,000 to ₹75,000 per month, including medicines and post-surgery care at home. Additional follow-up care and quality home-based support further contribute to healthcare expenses. While health insurance can help, a Personal Loan ensures timely access to extra funds.

A Personal Loan provides financial stability to maintain consistent treatment. It can cover medical expenses, medications, and follow-up care, helping to ease the overall financial burden.

7. Asthma Treatment

While asthma treatment may seem inexpensive and straightforward at home, it proves to be more expensive during emergencies and complications. Overall, financial burden can spike if they have complex cases that need a breathing tube or other complicated surgeries.

When you face a medical emergency, a Personal Loan or Medical Loan can help cover the expenses. The funds are transferred directly to your bank account, with quick approval and minimal documentation, enabling you to manage treatment without delay.

Paying for Expensive Medical Procedures With a Personal Loan

A Medical Loan allows you to access the funds you need for surgeries, diagnostic tests, and advanced treatments such as an aortic valve replacement, immediately. You get:

• Quick approval with minimal documentation

• No collateral required

• Flexibility to cover healthcare costs at top hospitals

• Ability to manage hospital charges, facility fees, and post-operative care

With a Personal Loan for medical treatment, you can focus on recovery rather than worrying about the costs of an expensive medical procedure.

Read Also: 10 Reasons Why You Must Take a Personal Loan for Medical Treatments

To Conclude

During a medical emergency, accessing funds should be a hassle-free process. A Personal Loan is designed to be simple, fast, and easy, allowing you to cover your medical expenses with ease.

Poonawalla Fincorp Personal Loan for Medical Emergencies offers competitive interest rates and flexible repayment plans tailored to your needs. Apply now and get the best treatment for yourself or your loved ones without worrying about medical bills.

FAQs

Can a medical loan cover expensive medical treatments not included in health insurance?

Yes. A medical loan helps cover the costs of expensive medical treatments that health insurance may not fully cover. It also includes treatments for liver transplant, kidney transplant, or any advanced surgeries.

What are the documents required for getting a loan for expensive medical procedures?

Applicants must submit address proof, KYC documents, employment proof, financial documents, and income proof.

Can I use a Personal Loan for diagnostic tests, such as CT scans and aortic valve replacement procedures?

Yes. A Personal Loan for medical treatment covers diagnostic tests, such as CT scans, surgeries like aortic valve replacement, and related post-operative care.

Does the medical loan process require collateral?

No. Poonawalla Fincorp’s medical loan is a type of unsecured Personal Loan. You do not need to pledge any assets or provide collateral. Loan approval is based on your creditworthiness and income stability.

How quickly can the loan amount be disbursed?

Poonawalla Fincorp can quickly offer you the loan amount if your documents are correct and you have a strong credit history. This way, you can pay for your medical bills quickly and easily.