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Medical Loan

A medical emergency incurs heavy expenditure inclusive of the treatment, medicines, surgery and post-care procedures, if required. When you are not ready to face this storm, a medical emergency loan is the right source to raise immediate money. This blow of collating emergency funds for a salaried individual is a difficult task. With the medical loan in hand, medical bills and daily expenses can be balanced easily. An instant medical loan is truly a saviour that can help you to generate quick money in less time.

Get an instant medical loan through your smartphone for paying off pending medical bills. Your smartphone is an easy source to get through instant loan apps and websites approving medical loans. SimplyCash is a reliable personal loan app that can be your financial support in times of medical emergencies. You can avail a loan up to 1,50,000 in 24 hours via the SimplyCash app, launched by a trustworthy financial firm in India – HeroFinCorp.

Breaking your savings, asking a relative, selling jewellery, mortgaging a vehicle etc. has taken a backseat when financial help is required. In times of urgency, instant medical loan works faster and can be applied from the convenience of your location. Consider the personal loan app features to know why you should apply for medical loans online.

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Medical Loan

Features and Benefits of Medical Loan

When you see a close family member struggling with a medical condition, nothing else comes to the mind except providing them relief. Even though the savings are less and the medical expenses are more, an instant medical loan is a reliable facility to raise funds for a medical emergency. Go through the features and benefits of a medical loan online:

Quick Loan Approval

Quick loan approvals

Medical emergency can’t wait. The funds have to be arranged immediately. Instant personal loan apps sanction disbursal of loan amount within a few hours directly into your account in contrast to personal loan offline takes weeks to approve the loan amount.

No Physical Documents

No physical documentation

Another significant reason to get a medical loan via instant loan app is the paperless documentation procedure that does not require any kind of paper work. The minimal required documentation is uploaded on the preferred instant loan app and processed in real time for instant approval

Flexible EMI Repayment

Flexible repayment option

Borrowers can select the date and tenure for EMI payments. Flexible repayment option encourages you to borrow more since the loan repayment becomes convenient.

Loan EMI Calculator

Loan EMI calculator

EMI calculator is an in-built feature in the instant loan apps. It gives the flexibility to decide the loan amount, tenure and interest rate as per your repayment ability.

How to Apply for Medical Loan Online Through Simply Cash

Patients or their family members who do not have a Mediclaim can apply for an instant medical loan online. SimplyCash is a speedy instant loan app, which is just the right source to acquire an emergency medical loan from Rs.50,000 to 1.5lakh. Download SimplyCash freely from Google Play Store and begin with the online medical loan process:

Medical Emergency Loan
  • Register your mobile number linked to Aadhaar card or enter email ID to receive an OTP number for verification.

  • Enter your Aadhar card number or smart card driving license

  • Select the loan amount and tenure through loan EMI calculator

  • Lastly, fill in your personal, financial and occupational details through digitized KYC documents, verified in real time

  • Out of the listed banks, select your bank and enter account details in which you want the loan amount to get disbursed.

Eligibility Criteria and Documents for Medical Loan Approval

A medical emergency cannot wait. You need funds as soon as possible to support the medical treatment of your loved one. Just to ensure the medical loan is not delayed for any reason, borrowers should be well-informed about the eligibility criteria and documents required for a medical loan online:

  • 1

    Age criteria: Applicant should be between 21-58 years

  • 2

    Minimum monthly income for salaried: Applicant should at least earn a minimum amount of Rs.15,000 monthly

  • 3

    Minimum monthly income for self-employed: Minimum earning should be Rs.15,000 monthly and six months bank statement is compulsory

  • 4

    Income proof: 6 months bank statement of salaried or personal account

  • 5

    Aadhar card is the first document when applying for instant personal loan

  • 6

    In the absence of Aadhar card, you can provide your Pan card/ driving license

  • 7

    Other important documents include your professional and financial details inclusive of 6 months bank account statement

  • 8

    Your account should be in any of the accepted banks as suggested by the financial institution

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Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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