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Medical Loan

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Valid till 31st July '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Finance Any Medical Expense

Cover hospitalization, surgeries, treatments

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Fast Approval & Disbursal

Money in your account instantly

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Minimal Documentation

Apply online with simple documentation

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Bank-grade security

with RBI-approved lenders and no spam calls.

Find Best Personal Loan Offers

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time0 - 1 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

What is a Medical Loan/Medical Emergency Loan?

A medical loan is a collateral-free loan offered to individuals requiring urgent finances to fund their medical needs. The loan proceeds can be used for hospital bills, medicines, surgeries, etc. Most lenders offer quick loan approval and instant disbursal.

Best Banks & Apps for Medical Loan in India 2026

There are no specific banks or apps for medical loans in India. However, applicants can visit the Paisabazaar app or website for apply personal loan online and opt for a lender based on the rates and offers provided by them, the processing time, approval chances and disbursal speed.

Medical Loan Interest Rate - Compare All Lenders

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 2%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.98 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates


Note: Rates as of 1st July 2026

How Much Medical Loan Can You Get?

  • Individuals can avail a medical loan of up to Rs. 50 lakh, depending on their repayment capacity.
  • Lenders usually consider applicants having their EMI/NMI ratio below 55%, including the existing EMIs and EMI of the proposed personal loan.
  • Applicants exceeding this ratio are either denied a medical loan or offered a lower loan amount.

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Medical Loan Eligibility

The eligibility of applicants availing medical loans is similar to that of a regular personal loan. Below-mentioned is the eligibility criteria for availing a medical loan:

  • The age of the applicant should be between 21 and 65 years.
  • Salaried and self-employed individuals are eligible for a medical loan.
  • The minimum monthly income of the applicant should be Rs. 25,000.
  • Applicants with a CIBIL score of 760 and above usually have higher chances of getting their loans approved.
  • The EMI/NMI ratio should be below 55%.

Also Check: Personal Loan Eligibility Online

Documents Required for Medical Loan

Below-mentioned are the documents required for availing a medical loan:

  • ID proof - Aadhaar card, passport, driving license, voter ID
  • Address proof - Utility bills (rent, electricity, telephone), Aadhaar card, passport, voter ID, driving license.
  • Salary slips for the last 3 months
  • Bank statement for the last 6 months
  • Recent ITR

Also Check: Documents Requirements for Personal Loan

Medical Loan vs Health Insurance - Key Differences

Medical Loan Health Insurance
It is a debt and is funded by the lender The amount is paid by the insurance company
The amount repaid in the form of EMIs Regular annual premiums are paid even if you don’t use the insurance
Funds are disbursed instantly You need to claim the insurance to avail the benefits
Can be used for any hospital Can be used for specific hospitals only

How to Get an Emergency Medical Loan in 24 Hours

You can get a medical emergency loan through Paisabazaar in the following steps:

  • Login to Paisabazaar.
  • Go to the dashboard and click on “Personal Loan”.
  • The app fetches your credit report and shows customized offers based on your credit profile.
  • Individuals can compare the offers based on their rates, processing and disbursal time, EMIs, etc. and apply for the most suitable one.

Check Offers on: Personal Loan App

Why Choose Paisabazaar?
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FAQs

Can I get an emergency medical loan in 24 hours?

Yes, you can get an emergency medical loan in 24 hours through the Paisabazaar app.

Which bank gives a medical loan at the lowest interest rate?

Interest rates vary for different individuals. The lowest interest rates depend on the credit score, monthly income, EMI/NMI ratio, job profile, and the employer’s profile of the applicants.

What is the maximum amount for a medical emergency loan?

The maximum amount depends on the repayment capacity of the applicant, which is determined by his/her EMI/NMI ratio.     

Can I get a medical loan without a CIBIL score?

Applicants having a CIBIL score of 760 and above usually have higher chances of getting their medical loans approved. However, a few lenders also offer medical loans without a CIBIL score but at stringent borrowing terms.

Is a medical loan different from a personal loan?

No, a medical loan is a type of personal loan. Most lenders offer personal loans for medical emergencies to meet the urgent medical requirements of the applicants.

What documents are needed for a medical emergency loan?

Lenders usually require the Aadhar card, passport, voter ID, PAN card, utility bills, bank statements, salary slips and ITRs during a loan application.

Can I get a medical loan for cancer treatment?

Yes, you can get a medical loan for cancer treatment.

Is a medical loan tax-deductible?

No, a medical loan is not tax-deductible.

Can I get a medical loan without income proof?

Yes, a few lenders might offer an asset-backed medical loan without income proof.

What is the medical loan interest rate in 2026?

As of 2026, medical loan interest rates start from 9.98% p.a. onwards, depending on the credit profile of the applicants.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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