Even the most careful among us sometimes fail to foresee an emergency or to adequately prepare for one. with the modern world, which is awash with pollution, infections of high threat, and illnesses brought on by stress, medical catastrophes, for instance, are all but certain. Your wellbeing and peace of mind, regardless of the circumstance, are, in our opinion, of the utmost importance. Therefore, if you ever need support or assistance getting through difficult circumstances, you may always choose a personal loan for medical expenses.
Features and benefit of Personal Loan for Medical Expenses
One of the main reasons customers use an emergency personal loan is for medical crises. You can gain advantages by applying for this loan at Standard Chartered, including:
Your loans will be approved instantly - On the basis of your eligibility requirements, we will instantly approve your loan requests when you submit them online at our website.
Loan amounts - If you need a personal loan for a medical emergency, you can get up to INR 50 lakhs.
Attractive interest rates - Personal loans for unexpected medical expenses are available at interest rates as low as 11%.
Flexible repayment terms - Depending on your comfort level, you may choose a payback term of anything between 12 and 60 months.
Minimal documentation – There is very little paperwork needed if you apply for a personal loan online at Standard Chartered. You only need to provide the minimal amount of paperwork that is required.
There is no need for direct physical contact - Get a fast response to your application, and finish your KYC online by watching a video. Find out more.
Eligibility Criteria of Personal Loan for Medical Expenses
If you want to have a greater chance of getting one of our emergency personal loans, you must meet our basic eligibility requirements. The following criteria apply:-
Candidates must be between the ages of 22 and 58.
A regular monthly income of more than INR 25,000 is required of applicants.
Documents Required for Personal Loan for Medical Expenses
A personal loan application for an emergency just needs the bare minimum of paperwork. The following is a list of the materials you must submit:
Your completed online personal loan application.
Aadhaar, PAN, a passport, a driver's licence, a voter ID card, or a photo ration card are acceptable forms of identification.
Passport, phone bill, power bill, ration card, driver's licence, rental agreement, life/health insurance policy, or apartment assignment letter are acceptable forms of identification that serve as proof of address.
Salary slips from the previous three months, Form 16s, or accepted income tax returns are all acceptable forms of proof of income.
How to Apply for Personal Loan for Medical Expenses
In an emergency, we recognise that time is of the essence. For this reason, we have made the personal loan application process as straightforward as we can.
Clicking the Apply Now button will begin the application process, which will require you to enter your contact, financial, and job details. To get an immediate online approval, choose the loan amount and duration next. You will be contacted by our representative to gather the necessary paperwork, and once all the paperwork has been successfully validated, the loan amount will be released to you within 24 hours.
Applying for a personal loan involves the following steps.
Step 1: To begin, go to the top right corner of this page and select "Apply Now." Verify your mobile number with the OTP method.
Step 2: Complete the personal, employment, financial, and employment information
Step 3: Choose the loan amount and duration you need.
Step 4: Submit the needed documents online.
Step 5: Submit
Step 6: You will learn if your loan application will be continued for processing in a minute. Upon confirmation, a tracking number will be given to you.
Step 7: A member of our staff will contact you to provide any further details or ventications.
Step 8: You will receive an offer following the verification of all information and paperwork. Your loan will be approved after acceptance.
Step 9: The money is transferred to your bank account .
Frequently Asking Question Fincrif
Q1. Is it necessary for me to specify the kind or purpose of the treatment?
ANS. No, in order to apply for one of our personal loans, you are not required to specify the kind of therapy you will be receiving.
Q2. For a medical emergency, how quickly can I obtain a personal loan?
ANS. Following approval and document verification, the loan sum is disbursed in 24 hours.
Q3. What is a loan for an urgent medical need?
ANS. A personal loan known as a medical emergency loan is designed specifically to be used in an emergency to pay for medical expenses. By doing this, you may provide your loved ones with the greatest care possible without having to worry about money.
