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Personal Loan For Medical Emergency: All You Need To Know

  • Highlights

  • Get a personal loan for medical emergency up to Rs.25 lakh

  • Get personal loan for medical emergency in 24 hours

  • Get Flexi Loan facility with Bajaj Finserv’s Emergency Loan

  • Apply for this loan online, as per your convenience

With your long-term and short-term goals in mind, you are sure to finance your lifestyle expenses with a portion of your income, while ensuring that the rest goes towards your savings and investments. However, certain situations like amedical emergency may demand both your attention and funds. Your first thought may be to take care of these exigencies with your investments, but you can do so without prematurely withdrawing them. Instead, take an instant personal loan that gives you a quick sanction of up to Rs.25 lakh at a nominal rate. This gives you enough room to tackle medical emergencies both conveniently and fast.

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Take a look at this emergency loan in a little more detail.

What are the benefits of taking a personal loan for medical emergency?

A high loan amount of Rs.25 lakh helps ensure that you don’t have to take multiple loans or use various credit cards to pay off medical bills. Apart from the fact that this amount is available at a nominal rate of interest, you can also avail this loan within a short timeframe of just a day or two. Confirm your lender’s approval and processing timelines before applying for this loan to ensure that it matches your needs.

It is also wise to compare offerings of various lenders before applying, so that you can opt for a lender who offers you the most benefits at a low rate of interest. Bajaj Finserv’s Personal Loan For Medical Emergency promises approval within 5 minutes and disbursal within 24 hours of document verification. You can also benefit from pre-approved offers and expedite the process better. To enhance the convenience you enjoy, Bajaj Finserv gives you a flexible tenor of 24–60 months.

Personal Loan for Medical Emergency

What is the eligibility criteria for applying for a medical emergency loan?

Eligibility criteria differamongst lenders. When choosing a lender, select one with minimal eligibility requirements to further speed up the approval process.

Take a look at the eligibility criteria that you must meet if you opt for Bajaj Finserv’smedical emergency loan.
- You must be an Indian citizen residing in the country
- You must between 25 and 58 years of age
- You must be a working professional employed by an MNC, public or private company
- You must meet the minimum salary requirement
Additional Read: 4 Reasons For Personal Loan Rejection And How To Avoid Them

To know the minimum salary requirements as per your location, click here. Additionally, you can check your eligibility in a few clicks by making use of Bajaj Finserv's eligibility calculator.

How to apply for a personal loan for medical emergency?

Most lenders have made applying easy by offering the option of online application. To apply for an emergency loan online with Bajaj Finserv, fill out the application form with your personal, employment and financial details. After this, select the loan amount and tenor that you want. Next, onceyou receive confirmation, you can submit your documents to a Bajaj Finserv representative and can even request the documents to be picked up from your doorstep. Once your documents have been verified, you will receive the funds within 24 hours.
Additional Read: A Step By Step Guide To Applying For A Bajaj Finserv Personal Loan

Taking a personal loan for medical emergency ensures that your savings stay untouched and that you don’t compromise when it comes to medical care. Whether it is you or your family, you can ensure that they receive the best healthcare in a timely manner. You can also check out Personal loan pre-approved offer by Bajaj Finserv that help you save time and get instant financing.

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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