Are you stuck in a medical emergency, and want some urgent funds without liquidating your assets and savings?
You have a way out by applying for a medical emergency fund. Yes, you can get an amount up to Rs.25 lakh as per your eligibility and fulfil your requirements.
Want to know more what other benefits you can avail while applying for a medical emergency loan?Continue reading!
1.Larger loan money
Depending on your loan eligibility and factors like cibil score and more, you can get a larger loan amount as high as up to Rs.25 lakh. A medical emergency loan is an extension of a personal instant loan that is designed to cover your emergency needs.
2.Quick loan approval
Rightful candidates can get quick and hassle-free loan approval within minutes. You can apply for a medical emergency loan online on the website of the lender and save time.
3.Funds disbursal within 24 hours
Approved loan applicants can get their loan amount credited in their bank accounts within 24 hours. Lenders are aware that you need to use the money at the earliest. Thus, they don’t take much time to disburse the approved loan amount.
4.Flexible loan tenor
The personal instant loan for a medical emergency comes with flexible loan repayment tenor ranging up to 5 years. Based on your repayment capacity, you can settle either for a longer or shorter loan tenor.
5.No collateral loan facility
The medical emergency loan is an unsecured loan facility. It means that you don’t need to pledge any collateral to get the loan approval. Anyone with a robust credit score, repayment and employment track record can apply and get speedy approval.
With so many benefits of applying for a medical emergency loan, you can opt for it if you need funds to manage expenses during an emergency.
Additional Read: Know How To Manage Your Medical Bills Using Emergency Loan
