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Apply for a Personal Loan for Medical Emergency in 3 Easy Steps

  • Highlights

  • You can apply online easily by filling a simple form

  • Choose a suitable loan amount, tenor for medical emergency

  • Submit relevant documents for quick disbursal

  • Avail fast loan disbursal within 24 hours with Bajaj Finserv

When it comes to your family’s health or your own, a medical emergency, be it surgery or hospitalisation, deserves immediate attention and the best care. With the cost of treatment rising, it is imperative that you are well prepared financially. For example, medical costs for hospitalisation in urban India increased by 176% on average in just 10 years between 2004 and 2014. Keeping this in mind, it is best if you have an affordable source of funds that gives you immediate relief should the need arise. A Personal Loan for Medical Emergency, such as the one offered by Bajaj Finserv, can help you raise money for medical expenses easily. It offers you a nominal rate of interest and a flexible repayment tenor with simple eligibility criteria, giving you cash in your bank account in just 24 hours.

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Take a look at how you can apply for this emergency loan in just 3 steps.

1. Fill the online application form

To help you raise funds quickly, this loan has a simple online application procedure. To apply for the personal loan for medical emergency, mention your employment status and then your Aadhaar number. Once you do, you will be able to proceed to the next part where you can enter your personal details such as your name, address, date of birth, income, and company or employer’s name.

Additional Read: 5 Reasons Why You Should Apply For An Emergency Loan From Bajaj Finserv

2. Select the suitable amount and tenor

Once you have filled up your details, the next section requires you to select a suitable repayment tenor and loan amount. Select these figures with care. The tenor determines your ability to repay the emergency loan, so keep in mind your income and fixed expenses. Secondly, select a loan amount that closely meets your needs after calculating all your medical expenses. To gain more clarity on the decision of selecting the tenor and principal amount, you can also use the Personal Loan EMI Calculator. This will help you arrive at an affordable EMI that works for you, according to which you can select your tenor. Once you finish this, you will receive instant approval.

3. Submit the documents required

Once your application is approved in principle, you will have to submit documents that prove your eligibility for the medical emergency loan. These include your identity proof, address proof, income proof, and employment proof. You will receive a call from the lender’s representative, who will then collect these documents from you. These documents will be verified before you get the final approval. So, it is imperative that you do not add any false information in your online application.

Additional Read: Common Mistakes To Avoid While Applying For A Loan For Medical Emergency

That’s all! Once you complete these three steps, your application process is complete. After verification, the lender will disburse the loan amount directly to your bank account within 24 hours.

Personal Loan for Medical Emergency

This procedure can benefit you in several ways:

1. It allows you to apply online, wherever you are, and whenever you choose to.
2. It is a quick process that helps you raise funds fast.
3. Since the entire process is online, it saves you the time and effort of travelling to meet your lender.
4. It connects you with a representative who can attend to your queries.

So, tackle all your healthcare emergencies with ease, and apply for the Bajaj Finserv Personal Loan. You can also check out pre-approved offers that help you save more time.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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