Medical Loan

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, especially for emergencies. And at times, even insurance will not cover certain medical expenses.

In times like these, with MoneyTap you can take personal medical loans to make sure that you and your family are well-protected, no matter what the situation might be!

MoneyTap Medical Loan Features & Benefits

Get approved for a line of credit of up to ₹ 5 Lakh in real-time.
Pay interest only on the amount you use, as you use it and not on the entire amount.
Repay on your own terms in flexible EMIs of 2-36 months.

Withdraw as per your requirement - as little as ₹ 3,000 or up to your approved limit.
Swipe the credit card and get rewards or withdraw 100% cash.
ID proof and address proof are all we need from your end to get you started.

Medical Loan EMI Calculator

Loan Amount :

₹

|
0 |
25L |
50L |
75L |
100L |
125L |
150L |
175L |
200L

Interest Rate :

|
5 |
7.5 |
10 |
12.5 |
15 |
17.5 |
20

Tenure :

Yr %

Months

|
0 |
5 |
10 |
15 |
20 |
25 |
30

EMI Scheme

EMI in Advance EMI in Arrears

₹24,959

Loan EMI

₹34,90,279

Total Interest Payable

₹59,90,279

Total Payment (Principal + Interest)

Someone like you is happy with MoneyTap

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But MoneyTap credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Navjyoti

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

Julen

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

N Cavin Misao

Eligibility Criteria

Must be a full-time salaried employee with a minimum take-home salary of ₹ 30,000/month
OR
Must be a self-employed professional with an income of at least ₹ 30,000/month.
(Only certain professionals like doctors, lawyers, or business owners qualify)
Must be above 23 years and below 55 years of age
Must be a resident of one of the following cities:
View city list

Required Documents

Pan Card Number
Professional Selfie
(To be taken on the MoneyTap App)
Address Proof
(Valid Driving License / Valid Passport / Aadhar Card)
ID Proof
(Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card)

Reasons you are here

Dental or orthodontic treatment
Emergency surgeries, treatments or procedures
Cosmetic procedures
Prolonged treatments
Accidents
To pay additional bills or for medication, etc.

More often than not, medical procedures are expensive and can literally drain you of your money. However, with MoneyTap's credit line, 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, medical loans prove 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 using your credit cards to pay for medical expenses.
An 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 over a loan term with easy monthly payments 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 credit while you continue to get the treatment done.
Select your Mediclaim wisely.

Get the app for a seamless application process

Get it on playstore

Get it on appstore

With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

Apply now

Our journey so far

5 years and counting as India’s 1st app based Credit Line

1.1M

Happy faces
252K

Loans disbursed
5

Years of service
10M+

Downloads

Different Ways to Use MoneyTap Personal Loan 2.0

MoneyTap's Personal Loan is
Now Available Across India

Medical Loan FAQs

What is a medical loan?

A medical loan is a type of collateral-free 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.

Can I take a loan for medical expenses?

Yes, you can take a personal loan for meet your medical expenses.

Can I take a loan for a surgery?

Yes, you can take unsecured medical loans to pay for the surgery.

What are the best health financing options in India?

If you are not covered through insurance policy, here are some of the ways you can get financial help to pay for medical treatment and other hospital bills:

Get help from friends and family
Tap into savings
Get a personal loan
Apply for MoneyTap's line of credit to use as a personal medical loan

Does it make sense to get a personal loan for a medical emergency?

An excellent way to take care of medical treatment or bills is through a personal loan. MoneyTap offers unsecured medical loans in the form of a credit line as an emergency loan that is active 24/7, and you can access it anytime from anywhere and for any emergency.

Why is it a good idea to get MoneyTap's personal medical loan?

To pay off your medical expenses, MoneyTap’s medical loans are the best option because of the following reasons:

Easy approval
Covers all health-related costs
Low interest

Instant access
Easy repayment loan term
No usage, no interest

How do I apply for a medical/health loan from MoneyTap?

To apply for medical loans 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.

What is the medical loan interest rate charged by MoneyTap?

The interest rate for medical loans from MoneyTap starts at 1.08% per month. Interest is charged only on the amount used.

Find our social channels

Quick Links

Reach Us

Download the app

Get it on playstore

Get it on appstore

MoneyTap Medical Loan Features & Benefits

Loan EMI

Total Interest Payable

Total Payment (Principal + Interest)

Someone like you is happy with MoneyTap

Navjyoti

Navjyoti

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

Julen

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

N Cavin Misao

Eligibility Criteria

Required Documents

Reasons you are here

Why Taking a Personal Medical Loan Makes Sense?

Financial Tips for Medical Needs

Get the app for a seamless application process

Our journey so far

1.1M

252K

5

10M+

Different Ways to Use MoneyTap Personal Loan 2.0

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Used Two-Wheeler Loan

MoneyTap's Personal Loan is Now Available Across India

Medical Loan FAQs

Find our social channels

Quick Links

Reach Us

Download the app

MoneyTap's Personal Loan is
Now Available Across India