Anyone can face a medical emergency without getting any intimation in advance!
If you don’t have health insurance, then you may have to liquidate the savings to cover needs. You can avoid paying higher personal loan interest rates and higher EMIs.
What is a personal loan for a medical emergency?
Apersonal loan for a medical emergency is an extension of the personal loan that is designed to suit your needs for a medical emergency. If you have the required eligibility, along with excellent cibil score, then you can enjoy low interest personal loan.
What are the benefits of a personal loan for a medical emergency?
1. Instant approval
If you are the right candidate, then you can get quick loan approval within minutes.
2. Quick money disbursal
The lender can credit your eligible loan money into your bank account within 24 hours after getting the loan approval.
3. Flexible repayment tenor
Based on the tenor that you select, you can manage higher or lower personal loan interest rates. You get a loan tenor ranging up to 60 months to stretch the loan amount. If you choose a small tenor, then you will not only repay the debt fast but even save on the interest payout.
On the other hand, you will need to focus more on personal loan rate of interest part for stretching the loan amount and paying a smaller EMI each month. Thus, you should select one after assessing your income and repayment capacity.
4. Get up to Rs.25 lakh
You can get an amount as high as up to Rs.25 lakh to cover your requirements. You can check your eligibility by using the personal loan calculator tool. This way, you may know an amount that you can exactly apply for.
No doubt the personal loan for medical emergencies is a viable source to cover your needs without hassles. You can start applying for it online and save your time and efforts.