Medical emergencies are inevitable, and may strike anyone! But the crucial part is always staying prepared to deal with it, especially financially.
It is because the rising cost of healthcare in India may cough up your savings quickly.
But you can avoid doing that by availing an emergency loan. Let’s know more in this post!
Emergencies could be of any type, and one of them is medical emergencies.
What are the benefits of applying for a quick personal loan?
1. A large loan amount
You can avail an amount as high as up to Rs.25 lakh from leading lenders in India. Based on your eligibility criteria and other factors, you can get an amount.
2. Quick approval
If you are the right candidate and meet eligibility terms of the lenders, then it may take only minutes for your loan application to be sanctioned.
3. Money in your account within 24 hours
After the loan approval, a reputed lender may disburse the loan money in your bank account within 24 hours. This way, it will be convenient for you to start using the funds.
4. Flexible loan tenor
Most of the lenders have an emergency loan tenor ranging up to 60 months. Thus, you can either go for a shorter or longer tenor as per your repayment capacity. Choosing a longer tenor means paying reduced EMIs but higher interest charges. If you settle for a shorter tenor, then your monthly EMI will go up. But you can save on interest charges.