What is a medical loan?

Medical loans are customized borrowing options for people who do not have a health insurance plan and are in grave need of funds due to a medical emergency. It is n unsecured loan and helps people to cover expenses pertaining to operations, surgery, daycare procedure, or treatment. However, banks demand a credit score of 650 and above before sanctioning medical loans to borrowers.

Advantages of medical loan:

• You will no longer have to jeopardize your savings or sell property to afford treatment.
• Loans are quickly disbursed within 2-3 days.
• No collateral is required.
• Easy EMI facility with minimal documentation.
• Covers treatment costs for all types of diseases.