Instant Personal Loan for Medical Emergency
A Loan for medical emergencies 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 loan during such tough times and meet all the treatment expenses. You can get funds for medical treatment up to ₹50 Lakh and with online application process, you get quick approval. Apply now!
Online EMI Calculator for A Loan for Medical Emergency
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EMI Amount = *
Loan for Medical Emergency Interest Rates & Other Charges
Poonawalla Fincorp offers loans for hospitals bills and medical treatment 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 ₹50 Lakh |
| Processing Fee | Up to 3% |
| Lowest EMI | Starting from ₹2,124* per Lakh for 60 months |
| Tenure | 12 – 84 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Other Hidden Charges | Nil |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility Details of Loan for Medical Emergency
Our 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 21 and 60 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 organization 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 For Medical Emergency Loan
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 License/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 Loan for Medical Treatment?
During a medical emergency, you need access to funds immediately to take care of treatment expenses. In such a situation, applying for a this loan 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 personal credit:
Access to quality healthcare
You can get treatment for illness at the best hospital without worrying about the high cost.
Competitive interest rates
At Poonawalla Fincorp, we offer personal credit 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
Our medical emergency loan is an unsecured loan, meaning, you need not pledge any asset to get the funds.
Keep your savings secure
Applying for this loan 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 84 months.
Features And Benefits of Loan For Medical Emergency
We aim to deliver a seamless and hassle-free borrowing experience to our customers. Our loans are easy to avail of, offer instant approval and a high degree of customization to cater to your specific requirements.
Below are the striking advantages of our loan for medical treatment:
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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 Loan for Medical Treatment Within 5 Minutes
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Click on ‘Apply Now’ and complete the application form
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Frequently Asked Questions About Loan for Hospital Expenses
Yes, getting this loan 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.
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 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 3% of the amount you borrow plus applicable taxes.
Applying for a Personal Loan for medical emergencies 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
