Medical emergencies often arrive without warning. Whether it is an accident, a sudden illness, or the need for urgent surgery, the last thing you should be worried about is arranging funds. A Personal Loan for Medical Emergency ensures you can access financial support when you need it most, helping you focus on timely treatment and recovery rather than financial stress.
Why opt for a Medical Loan
A Medical Loan is designed to cover a range of expenses that come with healthcare needs. From hospitalisation and diagnostic tests to medication and postoperative care, this facility provides quick access to funds that make all the difference in urgent situations. Borrowers can avail of Loan amounts of up to ₹30 lakh* without pledging any collateral.
With interest rates starting at 13% per annum*, the Loan remains affordable, while flexible repayment tenures make it easier to manage monthly commitments.
Simple and swift application
The process of securing a Medical Emergency Loan is streamlined to save time. Applicants begin by providing basic details such as age, income, and employment type. Required documents, including identity proof, income statements, and address proof, are then submitted digitally.
Once eligibility is confirmed and verification is completed, the Loan offer is shared with the applicant. On acceptance, the funds are disbursed directly to the Bank Account, ensuring that medical treatment can begin without delay.
Eligibility criteria
To qualify for a Medical Emergency Loan, applicants must meet the following requirements.
- Salaried applicants
- Age between 22 and 65 years
- Minimum income of ₹25,000 per month in metro cities and ₹20,000 in other locations
- At least one year of total work experience, including six months in the current role
- Self-employed applicants
- Age between 25 and 65 years
- Business vintage of at least three years
- Must meet turnover or profit thresholds as required
- For all applicants
- A credit score of either 750 or higher improves approval chances and helps secure favourable terms.
Documentation required
Applicants need to provide the following documents when applying for a Personal Loan for Medical Emergency:
- Identity proof: Aadhaar, PAN card, Passport or Voter ID
- Residence proof: Utility bills, Aadhaar, rental agreement, or similar documents
- For salaried applicants
- Recent salary slips
- Bank statements
- Tax documents such as Form 16
- For self-employed applicants
- Business registration certificates, licences, or GST details
- Profit and loss statements for the last two years
- Income tax returns and related assessments
Support for existing customers
Those who already have a relationship with the lending firm may benefit from pre-approved offers or quicker processing, depending on repayment history. In some cases, preferential interest rates may also be offered, providing added convenience during emergencies.
Conclusion
By providing Loan amounts of up to ₹30 lakh, competitive interest rates, and quick disbursement, it ensures that urgent treatment is never delayed due to a lack of funds. Ultimately, a Personal Loan for Medical Emergency empowers you to handle unexpected healthcare costs while protecting your financial stability.
