1 / 10

Apply for Medical Emergency Loan & Get Quick Medical Loan in 2mins - Afinoz

A medical loan is a form of personal loan that provides financial protection against medical expenses that may arise in the event of an emergency. Medical loans may be used to cover costs such as hospitalization, prescription drug costs, operations, bypass surgery, chemotherapy, and other related treatments.<br>

apoorv
Download Presentation

Apply for Medical Emergency Loan & Get Quick Medical Loan in 2mins - Afinoz

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Medical Loan 2021 Medical Loan 2021

  2. Description Description • In certain severecases, additional funds areneeded, andMedical Loans can bea lifesaver. • All major banks, such as ICICI, HDFC, and Kotak, as well as financial institutions such as Tata and Fullerton, now provide personal loans with low EMIs to covermedical expenses. • If you meet the requisite eligibility, they provide fast personal loans with easy and instant approval and clear documentation. • As a result, assistance can bedispatched rapidly inthe eventof an emergency.

  3. Lenders Lendersoffering offeringMedical MedicalLoan Loan Bank/NBFC Loan Amount Loan Tenure Interest Rate Kotak Mahindra Up to Rs 15 lakh 5 years 10.50% onwards I2I Funding Up to Rs 25 lakh 6 years 6% -36% Fullerton India Up to Rs 25 lakh As per lender 11.99% p.a Bajaj Finserv Up to Rs 25 lakh 5 years 13% MoneyTap From Rs.3,000 to Rs 5 lakh 2 months to 36 months 13% p.a onwards Indiabulls Dhani Rs 1000 to Rs 15 lakh 3 months to 24 months 11.40% onwards Tata Capital Rs 75,000 to Rs 25 lakh 6 years 10.99 % p.a onwards Read More: Ease your pain of Medical Bills with these Personal Loans

  4. Features and Benefits of Medical Loan Features and Benefits of Medical Loan • Kotak Mahindra Bank Medical Loan • A medical emergency needs urgent funds and a lot of time individuals are not having the backing of enough monetary assistance to pay the hefty medical bills and other costs. Medical loans can come as a rescue in such situations. • Medical loans are available ranging between Rs 50,000 to Rs 15 lakhs. • The loan can be availed with minimal paperwork and good customer service. • The loan can be availed at attractive interest rates. • The funds availed can be used for any medical treatments.

  5. Fullerton India Medical Loan Fullerton India Medical Loan • Prospective borrowers should verify their eligibility for this loan online, according to the lender. • Those interested in applying for the loan can do so by filling out an online application form and uploading the relevant documents to the lender's website. • The lender will grant online approval to the borrower after your application and documentation have been checked. • Money is deposited into your account regularly to ensure that you have direct access to the funds you need. • When applying for this loan, Fullerton India does not ask borrowers to have any collateral.

  6. Tata Capital Medical Loan Tata Capital Medical Loan • There is an option of a flexible EMI plan for the loan availed. • Applicant need not provide any collateral for the loan availed. • There is no additional fee for part payment. • On qualifying the eligibility, the loan is disbursed in a short period. Read More: Tata Capital Medical Loan 2021

  7. Medical Loans Eligibility Criteria Medical Loans Eligibility Criteria • The applicant should be a resident of India. • Applicants between 21 to 58 years of age to apply for medical loan. • Salaried and self-employed individuals can apply for the loan. • Individuals should be having at least 1 year of experience with the current organization.

  8. Documentation Required Documentation Required The list mentioned below of documents will be required to avail medical loan • Passport-sized photograph • Identity Proof • Address Proof • Latest Salary Slip • Form 16 • Organization’s appointment letter • Latest bank statement • Valid Income documents • Certificate of employment

  9. Things to Things to consider consider while while applying for applying for the medical the medical loan loan • Few things need to be taken into consideration while applying for the loan: • Credit Score –Credit score is the most vital factor in getting the loan approval. A healthy score has higher chances of loan approval than a weaker one. An applicant with a good credit scorestands a chance to negotiate with the lender for better interest rates. • Interest Rate –Different lenders charge different interest rates. It is advisable to compare before applying for a medical loan and chose according to your best interests suited. To keep the overall cost low one should choose a better deal of interest rates. • Other Charges –Financing institutions levy additional charges of the processing fee, pre-payment charges, pre- closure charges, penalty charges, dishonor charges, etc. Before finalizing a lender look for all the additional charges mentioned. • Disbursal Time –Check out for the disbursal time of the lender, as medical situations demand the immediate attention of funds. Lenders claiming to get the loan disbursed in a short span of time will be of assistance. • EMIs Payable –Applicants willing to apply for the loan can check the repayment of the loan amount by using the EMI Calculator toolavailable on most lender’s websites. It gives an idea of the monthly cash outflow of the repayment. One will have a fair idea of availing the exact amount of loan for the medical need.

  10. Thank you www.afinoz.com

More Related