Personal Loan for Medical Expenses

A personal loan for medical expenses helps borrowers manage healthcare-related costs such as hospital bills, surgeries, medicines, emergency treatments, diagnostic tests, or recovery expenses. It provides quick financial support during planned or unexpected medical situations.

Personal loans are available from Rs. 40,000 to Rs. 55 lakh with flexible repayment tenures between 12 months to 108 months, . Interest rates generally range from 10% and 30% p.a.,, depending on factors such as income, CIBIL Score, repayment capacity, and existing financial obligations.

These loans are commonly preferred during medical emergencies because they usually come with:

• Quick approval process
• Minimal documentation
• Fast disbursal, often within 24 hours*
• Flexible EMI options
• No collateral requirement

Customers can repay the loan through monthly EMIs over a suitable tenure based on their financial comfort.

Medical emergencies do not wait, and even planned treatments can bring unexpected expenses. While health insurance may cover a part of the cost, it may not include expenses such as private room charges, specialised consultations, or cosmetic procedures.

This is where a personal loan can help. With a Flexi Hybrid Term Loan, borrowers can access funds as needed and pay interest only on the amount withdrawn.

Borrowers can check their personal loan offer online in just two simple steps with minimal waiting and paperwork.

1. High-cost diagnostic tests

   Medical tests such as MRI scans, CT scans, and PET scans can be expensive. In many cases, multiple tests may be required for an accurate diagnosis. A single MRI scan itself may cost Rs. 20,000 or more.

   • Why it matters: Delaying diagnostic tests may delay treatment and recovery.
   • Solution: A medical loan can help borrowers complete important tests on time without immediate financial pressure.
   
   

2. Hospitalisation costs

   Hospital stays often involve additional expenses beyond insurance coverage. These may include:

   • Private room upgrades
   • Special meals
   • Additional doctor consultations
   • Specialist visits such as dieticians or therapists
   
   

   Pro tip: These expenses can increase quickly during treatment. With a Flexi Hybrid Term Loan, borrowers can withdraw funds from the dropline limit as needed instead of taking a lump sum upfront. Eligibility can be checked online using a phone number and OTP.

   
   

3. Physiotherapy and recovery support

   Recovery after surgery or injury may require regular physiotherapy sessions and specialised support equipment. Insurance policies may not always cover the complete treatment cost.

   A personal loan can help borrowers continue recovery treatment smoothly without affecting monthly savings.

   
   

4. Household expenses during recovery

   Medical recovery may also affect regular income if the borrower needs time away from work. However, daily expenses continue, including:

   
   
   • School fees
   • Grocery bills
   • Fuel expenses
   • Existing EMIs
   • Utility bills
   
   

   With a Flexi Hybrid Term Loan, borrowers can withdraw funds when required and manage repayments based on financial comfort.

   
   

5. Cosmetic or dental procedures

   Treatments such as dental procedures, laser therapy, or cosmetic treatments are usually not covered under standard health insurance plans. However, these treatments may still be important for confidence, recovery, or personal well-being.

   
   

   Why it matters: Access to quality clinics and advanced procedures is now available across many cities, making treatment more accessible with proper financial planning.

1. 3 different loan types - Interest-only EMI option

   We have different loan types that you can choose from, based on your needs - Term Loan, Flexi Term (Dropline) Loan, and Flexi Hybrid Term Loan.

2. Money in your account in 24 hours*

   You will get the loan amount in your bank account within 24 hours* or, in some cases, on the same day of approval.

3. High loan amount

   You can take a loan ranging from Rs. 40,000 to Rs. 55 lakh - allowing you to manage different types of expenses.

4. Long repayment period

   You can spread your repayment from 12 months to 108 months, which means manageable EMIs right from the start.

5. Quick approval

   Complete your application online and get quick approval for your personal loan.

6. No part-prepayment charge on Flexi Loans

   With our Flexi Loans, you can withdraw and part-prepay at no extra charges – as many times as you want.

7. No guarantor or collateral needed

   You do not need to provide any collateral such as gold ornaments and property papers to get the loan.

*Terms and conditions apply.

These features make this one of the best personal loans in India.

1. Click on ‘CHECK ELIGIBILITY’ on this page.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the loan amount that you need. Choose from our personal loan variants.
6. Choose the repayment tenure and click on ‘PROCEED’.

7. Complete your KYC and submit your application.

   
    

Our representative will call you for the next steps. The loan amount will be transferred to your bank account after successful verification of your documents.