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What is medical loan?
Medical loans are customised borrowing option for people who do not have a health insurance plan and are in grave need of fund due to a medical emergency. It is n unsecured loan and helps people to cover expenses pertaining to operation, surgery, day care procedure or a treatment. However, banks demand a credit score of 650 and above before sanctioning medical loans to borrowers.
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Advantages of medical loan:
- You will no longer have jeopardised your savings or sell a property to afford a treatment.
- Loans are quickly disbursed within 2-3 days
- No collateral required.
- Easy EMI facility and minimal documentation.
- Covers treatment costs of all types of diseases.
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