Let’s face it. Life’s all about, ‘Carrom ramwanu, juice peevanu, majja ni life’. That’s what every carefree millennial thinks. A work hard, party harder lifestyle seems entertaining and worth every penny, and sudden health scares can knock your carefree attitude into oblivion. We all are working so hard in our professional lives trying to reach new heights in our career. We are working non-stop, looking at different opportunities in life where we can excel and do our best. We are engrossed in so much that is happening in our lives, that we turn a blind eye towards health – both ours and that of our loved ones.
Many of us are salaried and have never given a serious thought to medical insurance or an emergency fund. We know life is unpredictable, there are highs and lows. High is when we see our career and personal life get a green day, and low is when we are struck with ailment or an accident that hampers our chances of reaching our life’s goals. A financial cocoon is therefore needed in order to help us get out of tricky medical emergency situations.
Medical Loan in India
A medical loan falls under the category of a personal loan. They can be availed for obvious medical contingencies such as health scares, medical needs, surgery procedures, operations, therapy or any other grave health concerns. Being an unsecured loan makes it apt for emergency situations. Not everyone can afford a really solid health insurance plan which will protect you from all possible medical uncertainties. Medical expenses may include anything from medical prescription bills to hospitalization bills.
Online Medical Loan
The unsecured aspect of a medical loan in itself makes it a potent financial solution in dire straits. Suppose you remove the offline paperwork, delayed verification, repeated trips to the bank and delayed approval, from the medical loan availing process. And then you turn the process online, with only 3 documents (to be uploaded), an approximately 10-minute application process and doing all this from the confines of home. These features, my friends, make an online medical loan even faster to avail.
An online medical personal loan is a fantastic option during times of medical duress. Sometimes, your savings might not cover an expensive medical procedure or a prolonged treatment. You might sometimes need to supplement your emergency fund with a shot of cash from other sources. You might sell your hard-earned property or break some investments, and if all this does not work, then you might think about applying for an online medical personal loan.
It is true that a number of traditional lending institutions provide medical loans. But, isn’t an emergency medical loan synonymous with quick, instant and less paperwork? The doctors might need you to pay the cash up-front or pay each day as the treatment goes. In such cases, applying for a medical loan through manual applications and waiting for a long overdue approval makes no sense.
In India, health insurance is definitely popular, compared to an online medical loan. This is simply because we have fit this point inside our mind, that a medical insurance is actually cheaper, but that is not the case. A medical loan can be availed and then paid to a doctor/medical institution upfront. This obviously makes a medical loan scalable for a number of health ailments.
So, what’s the best source of emergency medical funds during accidents? How can you pay the doctor’s fee towards lengthy treatment? How to apply for an instant medical loan? Is there any online medical loan providers? The answer to these questions is…Loan Singh.
Personal Medical Loan Over Health Insurance
The following pointers tell us why an online medical loan is better than health insurance.
You don’t have to search for the insurance agent’s number on your phone or travel to their respective offices to start with the insurance paperwork. You simply apply for an online medical personal loan from Loan Singh’s digital lending platform. You can do all this and get the approval within minutes if all goes well that is.
Another advantage that a personal loan holds over medical insurance is the coverage. Majority of insurances don’t cover sexually transmitted diseases such as AIDS or critical illnesses such as brain tumor or leukemia. An online medical personal loan can cover almost any sort of medical expenses.
Lengthy Disbursement Period
Health insurances normally include longer wait periods for certain ailments. A medical personal loan online however, can be availed off quickly and used for medical expenses. No waiting period is involved with a personal loan online.
An online medical loan can be availed irrespective of the applicant’s current medical condition, age, or health history.
Medical Loan Eligibility
The eligibility criteria for an online medical loan with Loan Singh are:
- Salaried (receiving a monthly salary directly into your bank account)
- Indian and above 21 years of age
- A credit-worthy repayment history (in case a first-time credit applicant)
- No collateral needed
Benefits of Online Medical Loan
Listed below are some of the benefits of an online medical personal loan.
- Instant loan approval
- No security deposit
- No collateral
- Easy EMI repayments
- Online Application
About Loan Singh
Loan Singh is a digital lending platform that prides in providing online personal finance loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.10,00,000 taken for purposes such as:
- Home renovation loan
- Marriage loans
- Wedding loan
- Medical loan
- Used Car loan
- Consumer durable loan
- Vacation loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Smartphone loan
- Travel loan
- Festival loans
- Gold jewelry loan
- Shopping loan
- Lifestyle loan
- Short term loans
You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement and PAN, for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd, which is one of the pioneering personal loan companies in India and is a partner to the Airtel Online Store.
Loan Singh’s Online Presence
Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. You can find us on Loan Singh Facebook, Loan Singh Twitter, Loan Singh Google+, Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Business, Loan Singh Bank Bazaar, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Feed, Loan Singh Storify, Loan Singh Digg, and Loan Singh Blogger.
Loan Singh In The News
Loan Singh in Business Standard, Loan Singh in inc42, Loan Singh in Financial Express, Loan Singh in ZeeBiz, Loan Singh in Economic Times, Loan Singh in Analytics Mag, Loan Singh in Know Startup, Loan Singh in Deals4Loans, Loan Singh in Airtel Press Release, Loan Singh in TechCircle, Loan Singh in Medianama, Loan Singh in Hindu Business Line, Loan Singh in Digital Terminal, Loan Singh in Tele Analysis, Loan Singh in India Info Online, Loan Singh in Daily Pioneer, Loan Singh in Ciol, Loan Singh in Livemint, Loan Singh in MoneyControl, Loan Singh in Owler.