Loan for medical expenses

Medical Loans in India

Less than 18% of India’s population has a health insurance to cover for the medical uncertainties in their life. Also, not everyone can afford to have a good premium insurance plan to cover treatment costs at a big hospital. It is at times like these, CrediLoan come to the rescue and help you deal with the unexpected blow.

Patients can now take medical loan to finance their medical emergency, cycles of infertility treatment or even cosmetic procedure just by filling an application form. Medical loan can be used to pay for hospitalization bills, medicine costs, surgeries and non-surgical procedures. An easy access to medical loan ensures quality healthcare is easily available to all at the right time.

Medical loans in India are categorized in the segment of unsecured personal loans. The interest rate for a medical loan for surgery or for any other medical services is dependent on multiple parameters such as the company you work for, your salary bracket, the city you are present in and others. Check eligibility, compare interest rates and apply for medical loan to all banks and NBFCs using CrediLoan

How to avail Medical Loan?

Basic Info

Fill up the basic details in few minutes

Get Offers

Get to know about the best offers for you

Approval

A complete paperless experience with online approval

Share Your Basic Information

Name *
Email*
Phone*
Loan Amount*
Company Name*
Monthly Income*
Tenure Year*

Features and Benefits

Listed below are features and benefits
INR 10,000 TO 30L Loan Amount
Choose from Banks and NBFCs
Superfast Approval and Disbursement
Hassle free Automated Process

Eligibilty Criteria

    The eligibility criteria to apply for medical loans are listed below –
  • Any salaried and self-employed individual Indian citizen
  • A pensioner who has taken voluntary retirement is also eligible
  • A minimum monthly income of INR 20,000
  • No deposit
  • No collateral

Documentation Required

For Salaried

  • Identification proof- Passport copy/Driving license
  • PAN card copy
  • Address proof- Passport/Voter Id/Ration card/Driving license
  • Date of birth proof- Birth certificate
  • Passport size photograph
  • Last 3 months’ salary slips
  • Form 16
  • Company appointment letter
  • Recent 3 months bank statements

For Self-employed

  • Identification proof- Passport copy/Driving license
  • PAN card copy
  • Address proof- Passport/Voter Id/Ration card/Driving license
  • Date of birth proof- Birth certificate
  • Passport size photograph
  • Last 3 years Audited Balance sheet
  • Last 3 years Income Tax Return documents
  • Last 3 months bank statement
  • Proof of qualification

Interest Rates

In the quest to make healthcare facilities easily available, Credihealth has teamed up with top banks and NBFCs to provide a medical loan. CrediLoan facilitates patients to avail loans ranging from INR 30,000 to INR 50 lac without collaterals at Interest rate ranging from 10% to 24 %.

Typically, the medical loans are offered on either of the following interest rates –

1. Fixed interest rate - For this type of medical loan interest rate, the rate remains constant and doesn’t change over the tenure period of the loan. This type of loan is suitable for patients with a fixed budget and lower tenure as they can plan the repayment cycle easily.

2. Floating interest rate - For this type of medical loan interest rate, the rate depends on the fluctuations in the market economics. Floating interest rate changes with the inflation and deficit in the market rate. These types of loans are suitable for longer tenure medical loans.

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