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Personal Loan for Medical Emergency

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

Get up to ₹50 Lakhs starting at 9.98%

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Pre-approved Personal Loans for Medical Emergency on Paisabazaar

Pre-approved personal loans can help you meet urgent medical expenses, as loans are offered by lenders to their existing and eligible customers with zero documentation and quick disbursals. At, Paisabazaar, we have pre-approved programs with various lending partners like Axis Bank, Federal Bank, Aditya Birla Capital, Tata Capital, Hero Fincorp and many more lending institutions. These lenders offer personal loans at preferential interest rates to its pre-approved customers with no documents check.

Medical Emergency? Explore Pre-Approved offers at Paisabazaar

Interest Rates (p.a.)
Aditya Birla Capital 12.99% onwards
Federal Bank 12.00% onwards
Axis Bank 14.00% onwards
IndusInd Bank 15.00% onwards
Piramal Finance 16.00% onwards
Tata Capital 18.00% onwards
Hero Fincorp 20.00% onwards

Medical Emergency Loan Interest Rates

The personal loan for medical emergency can be availed at an interest rate starting from 9.98% p.a. for loan amount up to Rs. 40 lakh, as lenders do not put any end-use restriction on this loan, except speculative activities. Below mentioned are the Personal Loan Interest Rates, offered by leading Banks and NBFCs.

Types of Medical Emergencies under Loan coverage

Loan for medical emergency can be used for various medical purposes, such as

  • Buying prescribed medicines
  • Surgery or operation fees
  • Paying for clinic/hospital bills
  • For medical and diagnostic tests
  • Managing overheads of emergency processes
  • Buying medical devices and equipment
  • Inadequate health insurance coverage, if any

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All Your Needs

Benefits of Medical Emergency Loans on Paisabazaar

Avail various benefits by taking Medical emergency loans on Paisabazaar.

  • Low Interest rates
  • Higher loan amount
  • No collateral/security
  • Nil to minimum documentation
  • End-to-End digital process
  • Instant approval with Quick disbursals

Who Can Apply for Medical Emergency Loan?

Salaried and self-employed individuals between the age range of 18 years to 60 years with stable income, and high CIBIL score, decent work experience, as well as who meets the basic eligibility criteria defined by the lender can apply for medical emergency loan.

Features of Personal Loan for Medical Emergency

The features of medical emergency loan and regular personal loans offered by the lenders are usually the same. Even their interest rates usually do not vary. Here are some of the major features of personal loans, which will give you a fair idea of medical emergency loan features.

  • Interest Rate: 9.98% p.a. onwards
  • No collateral required
  • Loan Amount: Up to 40 lakh
  • Repayment Tenure: Up to 5 years
  • Processing Fees: Up to 4% of the sanctioned loan amount
  • Pre-approved loans for selected customers
  • Hassle-free loan processes

Eligibility Criteria for Emergency Loans

  • Applicants should be salaried or self-employed individuals
  • Age: Minimum 18 years and maximum 60 years
  • Minimum Monthly Salary: Rs. 15,000 or above
  • Minimum CIBIL score: 750 or above
  • Income of minimum Rs. 5 lakh p.a. for self-employed customers
  • Minimum 1 year of work experience for salaried employees

Documents Required for Emergency Loan Application

  • Identity Proof: PAN card, Aadhar card, Voter ID, driving license, passport
  • Address Proof: Passport, Voter ID, Aadhar card, PAN card, Utility Bills (Water, Gas, and Electricity)
  • Income Proof: Last 3 months’ salary slips, Last 6 months’ bank statement, ITR, Form 16

Calculate Your EMI Before You Apply

EMI Calculation: Loan Amount Rs. 5 lakh at Interest Rate of 10.50% p.a. for Tenure of 1 year to 5 years:

Tenure Interest Rates (p.a.) Loan Amount EMI Total Interest Total Payable
1 year 10.50% Rs 5,00,000 Rs 44,074 Rs 28,892 Rs 5,28,892
2 years 10.50% Rs 5,00,000 Rs 23,188 Rs 56,512 Rs 5,56,512
3 years 10.50% Rs 5,00,000 Rs 16,251 Rs 85,044 Rs 5,85,044
4 years 10.50% Rs 5,00,000 Rs 12,802 Rs 1,14,481 Rs 6,14,481
5 years 10.50% Rs 5,00,000 Rs 10,747 Rs 1,44,817 Rs 6,44,817

Note: The exact personal loan EMI is determined by the lender and will be specified in the loan agreement based on the interest rate, loan amount, and loan tenure.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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FAQs

The minimum credit score requirement for availing medical emergency loans might vary across different lenders. Some lenders might also offer personal loans to applicants who are new to credit or have no or low credit score. However, the applicants having credit scores of 750 and above usually have higher chances of availing personal loans at lower interest rates.

Most lenders have set minimum monthly income of Rs 15,000 for salaried or above for availing medical emergency loan and income of Rs. 5 lakh p.a. for self-employed professionals.

The fastest way of availing medical emergency loan is by checking and comparing from all the available loan options on Paisabazaar and applying for it online that suits you best. Here you get instant approvals with quick disbursals once you clear the eligibility criteria defined by the respective bank/NBFC.

Medical emergency loan is a variant of personal loan and the interest rate offered by most of the lenders is 9.98% p.a. onwards.

Yes, you may be able to secure a personal loan with low CIBIL score but with difficulty and at higher interest rates, lesser loan amount, strict eligibility criteria. Moreover, you will have to search and choose from specific lenders that accept low CIBIL scores.

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Easy personal loan available

Took personal loan. Good experience.

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There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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