Medical emergencies can be extremely frightening, especially if you are unprepared! While many people have started investing in medical insurance, a large number of people are still uncovered in the case of medical emergencies. And at times, even insurance will not cover certain medical expenses.
In times like these, with MoneyTap you can take a personal medical loan to make sure that you and your family are well-protected, no matter what the situation might be!
Medical emergencies can be extremely frightening, especially if you are unprepared! While many people have started investing in medical insurance, a large number of people are still uncovered in the case of medical emergencies. And at times, even insurance will not cover certain medical expenses. In times like these, with MoneyTap you can take a personal medical loan to make sure that you and your family are well-protected, no matter what the situation might be!
Medical Loan Interest Rate and Eligibility
Rate of Interest
Varies from 13% to 24.03% pa
23 or above
Minimum Salary Required
Starting from ₹ 3,000 to ₹ 5 Lakh
MoneyTap’s Personal Medical Loan Features and Benefits:
Get approved for a line of credit of up to ₹ 5 Lakh in real-time
Withdraw as per your requirement - as little as ₹ 3,000 or up to your approved limit
Pay interest only on the amount you use, as you use it and not on the entire amount
Swipe the credit card and get rewards or withdraw 100% cash
Repay on your own terms in flexible EMIs of 2-36 months
ID proof and address proof are all we need from your end to get you started
What was supposed to be a regular health check-up for my grandad turned into a full-blown medical examination. Obviously, I wasn't ready for the sudden medical expenses, so I borrowed the money from my MoneyTap account. Now, I'm only paying interest on the amount I used for the examination.
- Rizvan Vora
Medical Loan EMI Calculator
It’s a good idea to calculate your monthly instalments payable when you are considering applying for a medical loan. An EMI calculator for medical loan helps you decide the right EMI amount based on your financial affordability.
More often than not, medical bills are expensive and can literally drain you of your money. However, with MoneyTap's line of credit, taking a personal loan for a medical purpose will not create a financial imbalance for you.
Why Taking a Personal Medical Loan Makes Sense?
When you don’t have medical insurance or if the insurance policy does not cover all the expenses, a medical loan proves to be a saving grace.
A medical loan is a big help when you need to pay for the doctor’s fees, medical bills, hospital stay or a surgical procedure immediately.
It is a low-cost alternative to increasing your credit card balances to pay for medical expenses.
A medical emergency loan or a line of credit works well if you’re planning a series of medical procedures. It helps you budget and control medical costs while allowing you to repay the loan amount with easy repayment options.
Financial Tips for Medical Needs:
Explore all the types of personal loans available on the market and identify the one that best suits your personal needs.
Make sure you plan ahead and set aside a budget for repaying the medical loan while you continue to get the treatment done.
Select your Mediclaim wisely.
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With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.
A medical loan is a type of unsecured personal loan that can be used in emergencies related to health or any urgent medical needs such as an operation, treatment, dental emergencies, accident or for any concerns related to health.
An excellent way to pay for medical treatment or bills is through a personal loan. MoneyTap offers personal loans in the form of a credit line as a medical emergency loan that is active 24/7, and you can access it
anytime from anywhere and for any emergency.
To apply for a medical loan from MoneyTap, you need to download the app on your phone and fill in the required information to register. After the initial approval, submit the KYC documents and once verified, the amount will be transferred to your bank account.