Sameer always had a fascination for bikes. He could not resist the lure of the brand new Royal Enfield Classic 350 and bought it, exhausting most of his savings in March. He had to show off his new possession to someone and who else than his younger sister could be the bakra. Sameer took Samaira, his sister, for a ride. He accidentally jumped over a pothole. Although Sameer escaped with minor injuries, Samaira fell off the bike and injured her head.
Luckily Sameer had a MoneyTap credit limit of Rs.3 lakhs available to him, since February.
Samaira remained unconscious for 2 days. The doctor suggested a surgery that would cost Rs.1,80,000. Her right leg was fractured, which required another Rs.20,000. Sameer used MoneyTap to pay for the bills and converted them to EMIs spreading across 18 months.
MarchUsed amount: Rs.2,00,000
A day after the surgery, Samaira gained consciousness and a week after that she was discharged from the hospital. Sameer paid all the hospital charges that were due , Rs.50,000, and took Samira home safely.
MarchUsed amount: Rs.50,000
Samaira needed physiotherapy for the next 6 months. Sameer had exhausted his salary for the month. He needed Rs 5000 every month for someone to come home for physiotherapy and for medicines.
MayUsed amount: Rs.5,000