With recent advances in medical sciences, most medical issues are no more life-threatening. However, any medical emergency does come with the worry of managing your finances. In most cases, we carry medical insurance but this comes with a lot of exclusions that one finds out only at the time of discharge.
A lot of people have started opting for cosmetic procedures (elective care) such as hair treatment and scar removal to maintain their youthful look. There are clinics even in relatively smaller towns, which offer these treatments. However, even for these procedures, the expenses are hefty.
We have created three unique variants of our personal loan to cover for all your healthcare-related expenses. Hereunder is a list of medical expenses and cosmetic procedures that you can pay for using our personal loan.
Medicare
Diagnostics: For specialised diagnostic scans, you might have to pay a lot of money. A single MRI scan can cost about Rs. 15,000, and in some cases, you may need more than one. There could also be more tests done in the lab.
Hospitalisation: Insurance doesn’t cover a long list of things, like room upgrades, special meals, visits to the doctor or dietician, and other things.
Physiotherapy: As part of your care after surgery, you may need to go to a lot of physical therapy sessions. These sessions may require the use of special equipment and cost around Rs. 5,000 each.
Cosmetic care
Botox: Botox is most often used to get rid of wrinkles and fine lines on the face.
Laser resurfacing: Laser resurfacing sends light pulses over and over to the same area of skin. The heat from the laser makes collagen, a protein that keeps skin tight and smooth, grow more.
Dermal fillers: Most of the time, dermal fillers are used to make wrinkles and fine lines look less noticeable. As we age, our skin gets thinner and more likely to sag and get wrinkles. Fillers help older skin look better and make it look younger and brighter.
Hair transplants: In hair transplant surgery, hair follicles are taken from one part of the body (the donor site) and moved to another part of the body (the recipient site) that is bald or going bald. Hair transplantation is a way to treat patterns of balding in both men and women.
These are for illustration purposes only. In fact, you can pay for any healthcare related expenses with a personal loan – without the need to even declare what you are going to use it for.
Getting a personal loan from us is as easy as making a cup of tea.
Instant Personal Loan
Our instant personal loans come with pre-approved limits and pre-assigned offers.
You can access your offer or check your limit with a valid mobile number. For example, Anirudh wants to borrow Rs. 3 lakh. He already has a consumer durable loan running with us. He can check his pre-approved limit online by entering his mobile number and OTP.
His offer amount will be displayed on the screen. Anirudh just needs to complete a few steps and it’s done.
Shruti does not have an existing relationship with us. Even she can generate an offer online. In case, she does not get an offer, she can use our end-to-end online application process that takes less than 5 minutes. Both Anirudh and Shruti will get the money within 24 hours of completing the application.
We also have another loan variant called Flexi Loans.
Flexi Loan
Our Flexi Loans work like a limit wherein, you can borrow as many times as you want to and part-prepay as many times as you can.
In addition, in our Flexi Loans, you get to pay only the interest component as your EMI in the initial period of your loan tenure, therefore keeping your EMIs low. If you want to read about our Flexi Loans in detail, click here.
