While health insurance can help you finance medical needs, investing in an insurance policy comes at a hefty premium due to rising medical costs. Moreover, not all treatments are covered by insurance. So, if you find yourself without an insurance policy or undertaking a treatment not covered by your policy, managing healthcare costs can be difficult. Under such circumstances, put your worries to rest by availing of a personal loan for a medical emergency. Bajaj Finserv offers financing of up to Rs. 40 lakh on nominal interest rates to fulfil your needs.
Take a look at how a personal loan for a medical emergency can help you.
You can get a high amount to meet your medical needs
If you apply for a medical emergency loan from Bajaj Finserv, you need to meet the following eligibility requirements:
- You must be an Indian citizen.
- You must be 21 years to 80 years* old.
- You must draw a regular income as a salaried or self-employed professional.
Apart from these essential criteria, your personal loan approval amount depends on your income and the city of your residence.
You can use a personal loan eligibility calculator to check if you meet these qualifications and know the loan amount you can avail of.
You can apply online in easy steps for quicker disbursal
To add to your convenience, a personal loan for a medical emergency has an easy online application. Just fill in a simple application form with the necessary details about your income, employment, and finances. Once done, the application is approved in just 5 minutes, keeping your urgent needs in mind. After this, you will have to submit a few documents such as identity proof, address proof, occupation proof, etc. After these documents are verified, you will receive the money in your account in just 24 hours. This quick assurance of funds means that you don’t waste time attending to your family’s healthcare needs.
Additional read: Personal Loan For Surgery
You can fund a range of medical emergencies
Medical emergencies demand your complete attention; from consulting doctors to attending to your families needs, it is cumbersome to worry about your loan’s terms in the midst of it all. Keeping in mind your unpredictable needs, Bajaj Finserv offers you a personal loan for medical emergencies without any restriction on use. You can use part of the amount for diagnostics, some for surgery, the rest for hospitalisation and even on post-operative care. Further, there are no hidden charges, and you can view all the fees related to this loan upfront.
You can repay the loan at your convenience
Not only is this emergency loan collateral-free, but it also has a sufficient tenor to ease your repayment. So, you can choose a tenor between 6 months to 96 months to repay the loan as per your income and convenience. When you take a Bajaj Finserv Medical Emergency Loan, you can further reduce your obligation by paying smaller EMIs that comprise just the interest. By picking the Flexi personal loan variant, you can reduce your EMIs by up to 45%, manage your current cash flow more optimally, and repay the principal at the end of the tenor. This will help you take care of other expenses while financing medical treatments without a hassle. Additionally, you can make part-prepayments at no extra charge along the tenor to reduce your overall interest.
Loaded with features that simplify your experience when dealing with urgent healthcare expenses, a personal loan for a medical emergency can be an advantage. Bajaj Finserv also offers pre-approved offers to help you save time and avail funds instantly.
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.
*Terms and conditions apply