Loan for Surgery: How to Plan the Cost and Repayment

Loan for Surgery: How to Plan the Cost and Repayment

A loan for surgery lets you schedule a planned operation without waiting to save the full amount. Bajaj Finance offers Rs. 40,000 to Rs. 75 lakh without collateral, subject to eligibility.
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Rs. 40,000 - Rs. 75 lakh

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Key Takeways

 
 

In summary

A planned surgery gives you time to compare the hospital estimate with your insurance cover, so a loan for surgery needs to fund only the gap. A Bajaj Finance Personal Loan can cover that gap, with tenure from 12 months.


  • Gopal's knee replacement estimate is Rs. 5.2 lakh, and his insurance covers Rs. 2 lakh.
  • He borrows the Rs. 3.2 lakh gap.
  • Rs. 3.2 lakh at 13% per annum costs Rs. 10,782 a month over 36 months (3 years).
  • Funds may reach your account within 24 hours* of approval.

Planning a surgery in the coming weeks? Check your loan offer with your phone number and a one-time password (OTP) → apply online in about 5 minutes → receive funds within 24 hours* of approval.

How does a loan for surgery work?

A loan for surgery is an unsecured personal loan used for an operation, repaid in equated monthly instalments (EMIs). Bajaj Finance places no end-use restriction on its Personal Loan, so it can cover surgery fees, implants, hospital stay and recovery costs.


A loan for surgery is credited to your bank account, and you pay the hospital from there. Approval depends on your income, credit score and existing obligations, not on the type of surgery.

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How do you plan a loan for surgery?

Plan a loan for surgery over 4 weeks before admission, so the funds are ready without a last-minute rush. The table sets out each step.


WhenStepWhat you get
4 weeks beforeGet a written estimate from the hospitalItemised cost of surgery, stay and implants
3 weeks beforeAsk your insurer about pre-authorisation and coverCovered amount and any co-payment
2 weeks beforeWork out the gap and check your loan offerAmount to borrow
1 week beforeComplete the loan application and verificationFunds ready before admission

Last updated: 16th October, 2026


For a loan for surgery, asking your insurer early matters most, since pre-authorisation can change the gap you need to fund. Borrowing after you know the covered amount keeps the loan as small as possible.

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How much will the loan cost?

At an illustrative 13% per annum, a Rs. 3.2 lakh loan for surgery costs Rs. 10,782 a month over 36 months (3 years). A shorter tenure raises the EMI but cuts the total interest.


Worked example: Gopal in Raipur

Gopal is 58 and works as a salaried plant superintendent in Raipur. He earns Rs. 1,05,000 a month and has a CIBIL score of 790. His surgeon recommends a knee replacement, and he plans it 4 weeks ahead.


Item (Gopal's estimate)Amount (Rs.)
Hospital estimate5,20,000
Insurance cover (sum insured)− 2,00,000
Gap to fund3,20,000

Last updated: 16th October, 2026


He takes a loan for surgery of Rs. 3.2 lakh at an illustrative 13% per annum and compares 2 tenures.


EMI = P × R × (1 + R)^N ÷ [(1 + R)^N − 1]. P is the loan amount in rupees, R is the annual rate divided by 12 and by 100, and N is the tenure in months. The formula spreads the principal and interest into equal monthly payments, so early EMIs carry more interest and later ones more principal. All figures are rounded to the nearest rupee.


TenureMonthly EMI (Rs.)Total interest (Rs.)EMI as share of salary (%)
24 months (2 years)15,21345,12114.5
36 months (3 years)10,78268,15410.3

Last updated: 16th October, 2026


The 36-month option lowers the EMI by Rs. 4,431 but adds Rs. 23,033 in interest. The processing fee on Rs. 3.2 lakh is up to Rs. 13,216. Gopal picks 24 months (2 years), so his loan for surgery ends by the time he retires at 60.


What can delay approval: a CIBIL score below 650 or existing EMIs that take up a large share of your income. Names or addresses that do not match across documents, and more than one loan application in the same month, can also slow it down.


Planning a loan for surgery to cover the gap after insurance? With a Bajaj Finance Personal Loan, you can borrow Rs. 40,000 to Rs. 75 lakh, subject to eligibility. Check your loan offer with your phone number and a one-time password (OTP) → apply online in about 5 minutes → receive funds within 24 hours* of approval.

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What are the eligibility criteria and documents required?

To be eligible for a loan for surgery through a Bajaj Finance Personal Loan, you need to meet the criteria listed below:


CriterionRequirement
NationalityIndian
Age21 years to 80 years.
Employed withPublic, private, or multinational companies (MNCs).
CIBIL Score650 or higher.
Customer profileSelf-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.

Last updated: 16th October, 2026


Meeting these criteria does not guarantee approval, which depends on eligibility, verification and credit assessment. No collateral or guarantor is required.


You may need the following documents, subject to your profile and application:


Document categoryAccepted options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt

Not every applicant needs every document. Confirm the final list of required personal loan documents during your application.

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What interest rate and charges apply?

Bajaj Finance interest rates and charges on a loan for surgery, subject to applicable terms and customer eligibility, are listed below:


ChargeAmount
Interest rate10% to 30.5% per annum, subject to applicable terms and customer eligibility
Processing feeUp to to 4.13% of the loan amount, inclusive of applicable taxes
Bounce chargesRs. 700 to Rs. 1,200 per bounce
Penal chargeUp to 36% per annum on the overdue instalment
Part-prepayment and foreclosure (Term Loan)Up to 4.72% of the principal, inclusive of applicable taxes
Part-prepayment (Flexi Dropline and Flexi Hybrid Loans)No charge
Flexi facility chargeRs. 1,999 to Rs. 18,999, inclusive of applicable taxes
Annual maintenance (Flexi Dropline Loan)Up to 0.295% of the Dropline limit
Annual maintenance (Flexi Hybrid Loan)Up to 0.472% in the initial tenure; up to 0.295% in the subsequent tenure

Last updated: 16th October, 2026

*Terms and conditions apply.


Charges are disclosed in the applicable product information and loan documents, so read your Key Fact Statement before you accept. Add the processing fee to the interest when you compare offers, and see the personal loan interest rates and charges page for details.

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When is a loan for surgery the wrong choice?

A loan for surgery is the wrong choice if your insurance covers the full cost, or if the EMI would strain your budget during recovery. The table compares the options.


OptionSuits you ifTrade-off
Health insurance claimThe surgery is covered in fullWaiting periods and exclusions
SavingsThey cover the gapSmaller emergency fund
Hospital instalment planThe hospital offers oneTerms set by the hospital
Personal loanA gap remains after insurance and savingsInterest and a processing fee of up to to 4.13%

Last updated: 16th October, 2026


When you look for a loan for surgery, avoid applying to 2 or more lenders in the same month, since each application adds an enquiry to your credit report. Check your own offer first, then apply once.

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How do you apply?

You apply for a Bajaj Finance Personal Loan online in five steps:

  1. Check loan eligibility: Enter the required loan amount and repayment period, then click "CHECK LOAN OFFER".
  2. Enter personal details: Enter personal, financial and employment details to receive a personalised offer.
  3. Loan offer: Review the offer details and adjust the amount or tenure to suit the applicant's needs.
  4. KYC verification: Complete KYC and verify bank details.
  5. Talk to loan specialist: The application is submitted and an executive contacts the applicant about the next steps.

The process may differ for new and existing customers, and some customers may need to provide additional documents. Apply 1 to 2 weeks before admission, so the funds are ready in time.

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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Frequently asked questions

Planning and insurance

Timing and cost

Should I claim insurance before taking a loan for surgery?

Yes. Ask your insurer about pre-authorisation and the covered amount first, then borrow only the gap. In Gopal's case, insurance cut the amount he needed from Rs. 5.2 lakh to Rs. 3.2 lakh. A smaller loan for surgery means a lower EMI and less interest over the tenure. Keep the insurer's approval letter with your hospital papers.

Yes. A Bajaj Finance Personal Loan has no end-use restriction, so it can cover planned procedures that insurance does not, including cosmetic surgery. Approval depends on your eligibility, verification and credit assessment, not on the type of procedure. Borrow only what the procedure and recovery need, since a larger loan for surgery adds to your EMI and total interest.

Apply 1 to 2 weeks before admission. The online application takes about 5 minutes to complete, and funds may reach your account within 24 hours*, subject to approval, verification and applicable terms. Applying early leaves time if any document is needed for your loan for surgery. Keep your KYC documents, salary slips and bank statements ready.

Yes. A Flexi Dropline Loan or Flexi Hybrid Loan carries no part-prepayment charge. A Term Loan carries part-prepayment charges of up to 4.72% of the principal, inclusive of applicable taxes. Compare that charge with the interest you would save before you prepay your loan for surgery. Choose a Flexi variant at the offer step if you expect a reimbursement.

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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000