Personal Loan for Medical Emergency

Personal Loan for Medical Emergency


Medical emergencies can arise anytime. Not being financially prepared to address such a situation can not only disturb your peace of mind but can also land you in trouble of choosing between life and death. The best way to overcome such a situation is to get a medical loan that will help you get funds to avail the medical treatment required. Be it paying off hospital bills, doctor fee, buying medicines or traveling places to get the line of treatment, a medical loan can easily help you take control of the situation by offering financial help. Availing a loan for medical emergency is convenient and an effective way to address emergency financial situations. Credit Fair offers you medical loan upto Rs. 10 lakhs for catering to your medical expenses. 


Eligibility criteria to get personal loan for medical emergency


To avail a personal loan in case of a medical emergency, it is important that you cater to the below eligibility criteria.


  • You should be aged between 18-65 years

  • You should be a resident of India

  • You should have minimum salary of Rs. 15,000

  • You should be self-employed or salaried professional

  • You should have a minimum credit score of -1


Documents required to get medical loan


To get a medical loan, it is important that you submit the below list of documents.


  • Identity proof: PAN card/ Aadhar card

  • Address proof: Utility bill, passport, rent agreement, sales deed

  • Bank statement of past 6 months reflecting salary credit

  • Business existence proof: Shop and registration certificate/GST registration/ property documents /maintenance bill/electricity bill 


Benefits of personal loan for medical emergency


Usage of funds: The loan amount can be used for any type of medical treatment and any expenses related to it. For instance, you can use the loan for paying doctor consultation fee, hospital bills, buying medicines or any for any products related to the line of the treatment and others. There is no restriction on the usage of the funds.


Flexible repayment tenures: The cost of medical treatment can run into lakh depending on the medical condition. With a personal loan in hand, you can easily repay in flexible tenures ranging from 6 months-60 months. 


Affordable interest rates: One of the biggest benefits of getting a loan for any medical treatment is that the loan is offered at an affordable interest rate based on several factors including your age, income, credit score and others. With credit Fair, you can avail loan for IVF treatment at ZERO cost EMI.


Instant approval and disbursal: You can avail instant disbursal from Credit Fair. We offer instant approval and disburse the amount within 24-48 hours. 


Minimum documentation: The loan is offered at minimum documentation, without involving any paperwork. Providing basic KYC documents and income proofs is enough. 


Increase credit score: Timely repayment of the loan amount helps you increase the credit score that makes it possible for you to secure more loans in the future.


Apply with Credit Fair


Credit Fair offers you loan upto Rs. 10 lakhs for funding your IVF treatments or any other expenses related to it. The loan is offered at ZERO COST EMI at LOW processing fee.


FAQs on Medical Loan


Can I use the medical loan for cancer treatments?


Yes, the loan amount can be used for treating cancer of any stage.


What is the maximum medical loan amount I can get from Credit Fair?


The maximum medical loan amount you can get from Credit Fair is Rs. 10 lakhs.


What is the duration for which I can get medical loan from Credit Fair?


You can get medical loan from Credit Fair for a period of 6 months- 24 months.


Submission of medical proof is required to get loan for medical purpose?


No, submission of medical proof is not mandatory to get loan for medical usage.