Well, life’s all about, ‘Carrom ramwanu, juice peevanu, majja ni life’. That’s what every carefree millennial thinks. But, that’s so not true. 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.
Online Medical Loan Over Health Insurance
The following pointers tell us why an online medical loan is better than health insurance.
- Quick Approval
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.
- Financials Only
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
Loan Singh is a digital lending platform that prides in providing an unsecured online loan to salaried individuals. You can apply for instant funds with instant approval. An easy emergency loan can be availed in the form of a personal loan, which is not a bank loan. You receive a low personal loan interest rate. This instant loan, which is basically a quick loan, can be paid via easy EMI and can be availed for a number of loan purposes such as:
- Home improvement loan/Home renovation loan
- House repair loan
- Marriage loan/ Wedding loan
- Medical loan
- Second-hand car loan
- Second-hand bike loan
- Second-hand vehicle loan
- Consumer durable loan
- Vacation loan
- Shopping loan
- iPhone loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Travel loan
- Festival loan
You can calculate your easy emi using our personal loan emi calculator. We accept bank statement, PAN, and Aadhaar for instant loan pre-approval. A bad credit score or credit report errors can lead to personal loan rejection. Personal loan defaulter consequences can also ruin your credit score. Improve your credit rating by avoiding emi repayment default. The ‘Loan Singh Blog’ is one of the best finance blogs in India.
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. Some destinations you can find us on are:
- Loan Singh on Facebook
- Loan Singh on Twitter
- Loan Singh on Youtube
- Loan Singh Pinterest
- Loan Singh on Instagram
- Loan Singh Blogarama
- Loan Singh Google Review
- Loan Singh Medium Blog
- Loan Singh Reddit Blog
- Loan Singh Tumblr Blog
- Loan Singh Scoop It Blog
- Loan Singh Storify Blog
- Loan Singh Digg Blog
- Loan Singh Blogger
- Loan Singh Lymelight
- Loan Singh Justdial