Instant Personal Loan For Medical Emergency
A Personal Loan for medical emergency is specifically designed to help you overcome the financial challenges you may face when a medical emergency comes knocking at your door. With healthcare costs increasing daily, getting quality treatment can be challenging, even with medical insurance.
You can use a Personal Loan for medical emergency during such tough times and meet all the treatment expenses. You can get a Personal Loan for medical emergency up to ₹30 Lakh and with online application process, you get quick approval. Apply Now!
Personal Loan for Medical Emergency EMI Calculator
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EMI Amount = *
Personal Loan for Medical Emergency Interest Rates
Poonawalla Fincorp offers Personal Loan for medical emergency at the most competitive interest rate in the market, starting at 9.99%* p.a. The table below lists the other applicable charges.
| Interest Rate | 9.99%* p.a. onwards |
| Amount | ₹1 Lakh to ₹30 Lakh |
| Processing Fee | Up to 2% plus tax |
| Lowest EMI | Starting from ₹2,124* per Lakh for 60 months |
| Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Other Hidden Charges | Nil |
Personal Loan for medical emergency Eligibility Criteria
Our Personal Loan for Medical Emergency eligibility criteria are minimum so you can get maximum benefit.
Credit Score
Age
Citizenship
Monthly Income
Work Experience
Employer Category
- Credit Score – 750 and above.
- Age - Between 22 and 57 years.
- Citizenship - The applicant must be an Indian citizen.
- Monthly Income - The applicant must earn a minimum monthly salary of ₹30,000.
- Work Experience - Must have a minimum work experience of 1-2 years and must be employed in the current organisation for at least one month.
- Employer Category – The applicant must be an employee of the Central Government, PSU (Public Sector Undertaking), Unlisted Public Ltd, MNC (Multinational Corporation), etc.
Note: The eligibility mentioned above list is indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
Documents Required
Our simple documentation process ensures that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, including:
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KYC Documents
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Address Proof
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Income Proof
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Employment Proof
- KYC Documents: Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
- Address Proof:Rent agreement, utility bills, or passport.
- Income Proof: Latest salary slips for the last 3 months, bank statement of the past three months or ITR (income tax returns).
- Employment Proof: Employee ID card, appointment letter, or business ownership documents.
Note: The above-mentioned loan documents list is indicative. Additional documents may be required during loan processing.
Why Get a Personal Loan for medical emergency?
During a medical emergency, you need access to funds immediately to take care of treatment expenses. In such a situation, applying for a Personal Loan for medical emergency is a viable financial solution. You can get the funds you need without using up your savings.
Also, it helps you avoid the stress of arranging funds and focus on getting the best medical treatment. Here are a few other reasons you must choose a Personal Loan for medical emergency.
Access to quality healthcare
You can get treatment for illness at the best hospital without worrying about the high cost.
Easy online application process
Just hit the ‘Apply Now’ button to get Personal Loan for medical emergency!
Competitive interest rates
At Poonawalla Fincorp, we offer Personal Loan for medical emergency at the most competitive interest rate starting from 9.99% p.a. This makes your monthly EMIs affordable, and the repayment easy.
Quick approval and disbursal
The simple online process lets you get fast approval and the funds credited to your bank account immediately.
Minimal documentation
Submit a few basic documents to get the loan. You must provide KYC documents and address proof.
No collateral needed
Personal Loan for medical emergency is an unsecured loan, meaning, you need not pledge any asset to get the funds.
Keep your savings secure
Applying for a Personal Loan for medical emergency allows you to get the funds without depleting your savings.
Zero hidden charges
All fees and charges are disclosed.
Flexible repayment tenure
Repay the loan at your convenience with a loan tenure of up to 60 months .
Features And Benefits Of Personal Loan For Medical Emergency
We aim to deliver a seamless and hassle-free borrowing experience to our customers. Our personal loans are easy to avail of, offer instant approval and a high degree of customisation to cater to your specific requirements.
Below are the striking features and benefits of our personal loans for medical emergencies:
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Easy online application
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No collateral/security required
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Instant approval and quick disbursal
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Attractive rate of interest
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Minimal documentation
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Flexible repayment tenure
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No hidden charges
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Doorstep services
Apply for a Personal Loan for medical emergency Within 5 Minutes
- Step 1: Click on ‘Apply Now.’
- Step 2: Fill in the details like – DOB, qualification, residential address, etc.
- Step 3: Submit all the necessary documents for verification.
Once your documents are verified, the approved amount will be credited to your bank account.
Apply for Personal Loan For Medical Emergency Within 5 Minutes
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Click on ‘Apply Now’ and complete the application form
Personal
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Personal Details
Enter your DOB, qualification, and residential details
Verification
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Submit and upload all details for verification and assessment
Frequently Asked Questions On Medical Emergency Personal Loans
A Personal Loan for a medical emergency is a loan that helps people take care of unforeseen medical expenses. You can avail of this loan and use the fund to pay the doctor’s fees, bed charges and all other treatment expenses.
Since it is an unsecured loan, you need not provide against the amount you borrow and get quick approval. At Poonawalla Fincorp, you can get this loan at a competitive interest rate, starting at 9.9% p.a., which makes repayment easy.
Yes, getting a Personal Loan for medical emergency is one of the easiest ways to get funds to mitigate medical contingency. It allows you to get the best medical treatment without worrying about lack of funds.
Personal Loan for medical emergency is an unsecured loan, so the approval process is simple, and you get the amount credited to your account as soon as your application is approved. Ensure you comply with the application process correctly and submit the necessary documents.
At Poonawalla Fincorp, we offer Personal Loan for medical emergency at the most competitive interest rate, starting from just 9.99% per annum. Additionally, you must pay a loan processing fee of up to 2% of the amount you borrow plus applicable taxes. Here is a complete list of Personal Loan for medical emergency interest rates and charges.
Applying for a Personal Loan for medical emergency with Poonawalla Fincorp is easy. You must follow the below steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
*Terms & Conditions Apply
