Personal Loan for Medical Emergency

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.

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.

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

Avail various benefits by taking Medical emergency loans on Paisabazaar.

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.

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.

• 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

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

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.