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How to apply for a Personal Loan during a Medical Emergency

By Finserv MARKETS - May 16,2019
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Personal Loan During a Medical Emergency

Medical emergencies come announced and one can never be prepared enough for a crisis as such. Medical Insurance policies cover expenses to a certain extent but a personal loan covers the entire treatment and gives you cash to keep handy. These loans are available easily and thanks to technology, you can apply for one from the comfort of your home.  From the application process to the disbursement, everything is done from the comforts of your home. Applying for a personal loan during a medical emergency is very simple. Just follow the following steps and have the loan disbursed into your account:

Visit the lender’s website or Download the Mobile Application

If you have decided on the lender. All you have to do is either download the mobile app or visit the website. You will be prompted to sign up with your credentials, thus, initiating your application process.

Enter your personal loan amount and select a tenure period

After registering for the application process, you will be asked to provide the desired loan amount. If considered eligible for the loan, you will be asked to select a repayment tenure of your choice. The repayment tenure generally ranges from 12 to 60 months.

Fill in the details

Once you have selected the loan amount. You will be asked to provide basic details like identity details, address proof details, bank details, employment details etc. The purpose of the loan will never be asked by the lender.

Instant Loan Approval

If the eligibility criteria set by the lender is met with then your loan gets approved instantly. Check personal loan eligibility on Finserv MARKETS.

Swift Disbursement

Once the lender approves the loan after checking the credit history of the borrower. The loan gets disbursed into the account of the borrower within 72 hours.

NOTE – This is a generic application process and may vary from lender to lender.

Advantages of taking a personal loan during a medical emergency:

  • No collateral has to be kept with the lender.
  • Minimal documentation for processing.
  • More financial assistance than medical insurance.

How to apply for medical loan with Finserv MARKETS

A medical loan covers the health expenses of an individual. Including all the medical treatments, which aren’t a part of a health insurance policy. Under medical loans, several treatments like IVF, ENT procedures, surgeries and so forth are covered. Moreover, it also handles the expenses of additional care and treatments, which are uncovered in an insurance policy. You first need to fulfill the eligibility criteria to avail a loan.

The following are the loan eligibility criteria for a medical loan:

  • You must be a citizen of India.
  • You must be a salaried individual.
  • You need to be between the ages 23 – 58 years.

1. Documents required for personal loan for medical expenses:

  • Aadhar Card/Passport/Driving License.
  • PAN Card.
  • Bank statement of the last 3 months.

2.Apply for a Bajaj Finserv Personal Loan online by completing the following steps below:

  • Step 1: Online Form Filling

Fill in your personal and employment details.

  • Step 2: Specify Personal Loan Details

3.Select the repayment tenure and Bajaj Finserv Personal loan amount required for medical expenses.

  • Step 3: Approval & Disbursal

Apply online and get approval in 3 minutes and money in your bank account within 24 hours.

Looking for emergency medical fund? Let us help you in the hour of need. Speak to us at Finserv MARKETS and benefit from the features like quick disbursement, low EMI, minimal documentations and a list of other features. What’s more? Your Bajaj Finserv Personal Loan application can be approved under just 3 minutes and the loan amount will be credited to your bank account within 24 hours!

Apply for Bajaj Finserv Personal Loan with us, today!

Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522