A Medical Emergency And A Personal Loan: How To Apply

Posted by amrina alshaikh on May 25th, 2021

Medical emergencies are painful to deal with in every sense. First is the physical trauma of the medical event, while dealing with surgery, therapy and daily medication. Then there is the financial burden; medical care is quite expensive in India, and just one night of hospitalisation may set you back by several thousand Rupees. When a medical emergency occurs, you may have to dip into your savings and/or borrow short term loans from your friends.

At this juncture, keep your savings intact and refrain from taking loans from friends. Apply for a medical loan instead.

How a personal or medical loan helps

A medical loan is a personal loan used for medical purposes. The loan can be used to buy expensive medication, pay for surgery and hospitalisation, and finance post-operative care and therapy. It is a boon when you need money in a medical emergency, since it is processed relatively faster and with simple documentation. Once disbursed to your account, you can use the money for the medical need and get treatment underway at once without any further delay. Having a large fund of money at hand also gives you the leeway to seek treatment from the best doctors, and to get admission to a reputed hospital.

You can repay the personal or instant loan via your monthly salary in a series of EMIs. Isn’t this a much better option than borrowing from friends or finishing your savings?

How to get the instant loan

We recommend taking the personal loan from a leading loan app. The app processes the loan much faster than a bank does, and it has simple documentation that you can upload online. The app saves a lot of time and effort at a crucial juncture when you need to focus your energies on dealing with an urgent medical event.

• Download the loan app from the Google Play Store or Apple app store and set it up in a few simple steps.
• Scroll to the section on personal loans and check loan eligibility. This tells you how much loan money you can expect to get from the app. If you face a shortfall, you must raise the balance money from other sources.
• Check the documents list and see if your documents are in order. Take copies and self-attest each for upload.
• Take a selfie or select a good close up photograph of yourself from your phone gallery. This serves as the photo ID proof with your documents.
• Submit your documents and await approval from the app.
• Once approved, the app notifies you and disburses the loan money to your savings account. You can use it immediately for a medical emergency.

Conclusion

Meeting a medical emergency is easier when you have the right means at your disposal, such as a medical or personal loan. With quick approval, you can cover medical expenses t at once without delaying treatment.