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Personal Loan for Medical Emergency

Ideally, we all should have health insurance to cover for sudden medical expenses for our families and ourselves. If in case, the health insurance does not provide the full coverage of the medical expenditure, you can apply for personal loan on Paisabazaar to get quick access to funds to meet medical emergencies. However, before applying for a regular personal loan, you should also check pre-approved personal loan offers that we shall discuss further
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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 Fee6,500
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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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

Apply Now

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 Personal Loan offers from top lenders at Paisabazaar

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 1st May 2026

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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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

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

FAQs

What is the minimum credit score required to avail personal loan for medical emergency?

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.

What is the minimum monthly income requirement to avail medical emergency loan?

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.

What is the fastest way to get an emergency loan?

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.

What is the interest rate for medical emergency loans?

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.

Can I get a loan if my CIBIL score is low?

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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What our customers say

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

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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