Key Highlights of Medical Loan
- Quick approval within 2 hours for medical emergencies
- Loan amount up to ₹25 lakhs based on treatment cost
- Competitive interest rates starting from 12% per annum
- Flexible repayment options from 12 to 60 months
- No collateral required for loans up to ₹5 lakhs
- Covers all types of medical treatments and surgeries
- Digital application process with minimal documentation
Best Banks & NBFCs Offering Medical Loan
| Bank/NBFC | Loan Amount | Interest Rate | Processing Fee | Max Tenure |
|---|---|---|---|---|
| HDFC Bank | ₹50k - ₹25L | 12% - 18% | Up to 2% + GST | 60 months |
| ICICI Bank | ₹25k - ₹20L | 12.5% - 19% | Up to 2.5% + GST | 60 months |
| Bajaj Finserv | ₹1L - ₹25L | 13% - 24% | Up to 4% + GST | 60 months |
| Tata Capital | ₹50k - ₹15L | 14% - 22% | Up to 3% + GST | 48 months |
| Kotak Mahindra Bank | ₹30k - ₹20L | 15% - 25% | Up to 5% + GST | 60 months |
Features & Benefits of Medical Loan
Emergency Processing
Instant approval within 2 hours for medical emergenciesTreatment Coverage
Covers all medical treatments, surgeries, and hospitalization costsFlexible Repayment
EMI tenure from 12 to 60 months based on loan amountNo Collateral
Unsecured loans up to ₹5 lakhs without any collateralDigital Process
Complete online application and approval processInsurance Options
Additional health insurance coverage availableTypes of Medical Loan
Eligibility & Documents
Eligibility Criteria
| Age | 21 to 65 years |
| Income | ₹15,000 per month minimum |
| Employment | Salaried/Self-employed with stable income |
| Credit Score | 650 and above preferred |
| Documents | Medical treatment estimate and basic KYC documents |
How to Apply for Medical Loan
1
Get medical treatment estimate from hospital
2
Submit online application with required documents
3
Quick verification and credit assessment
4
Instant approval and sanction letter
5
Direct payment to hospital or cash disbursement
1
Get medical treatment estimate from hospital
2
Submit online application with required documents
3
Quick verification and credit assessment
4
Instant approval and sanction letter
5
Direct payment to hospital or cash disbursement
EMI Calculator
₹50,000₹1,00,00,000
6 months360 months
8%30%
In Total:
₹5,64,882Principal: ₹5,00,000
Interest: ₹64,882
EMI: ₹23,537