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InvestKraft - For Medical Loan Through Multiple Lenders
Get financial support for all types of medical procedures
Competitive interest rates
Digital, paperless application procedure
Flexible repayment tenure
Scan this QR code to apply for multiple loans with attractive interest rates!
Apply for Medical Loan
What is a Medical Loan?
A medical loan is similar to a personal loan in which the borrowed money can be used on healthcare expenses like diagnostic procedures, hospitalisation expenses, medicines, and others. The only difference between a medical and a personal loan is the utilization of the borrowed funds. The need for an emergency medical fund can arise any time. You may feel helpless and in such a condition, a medical loan comes to your rescue. Medical loans are frequently provided by conventional banks and internet lenders. As such, they are typically unsecured loans without any requirement for security. The lenders are not safe since they can't seize any of your property, like your automobile, if you do end up defaulting. Read More
Do you know applying for a medical loan through InvestKraft can be an ideal choice for you. There are more chances of quick approval as there are multiple lenders ready to offer you the loan subject to your fulfillment of the eligibility criteria. If you have a significant medical bill that has to be covered, medical loans might be extremely useful. This kind of financing can help you enhance your quality of life in the present rather than having to put off getting the money for the treatment for years.
You might be able to speed up the process by taking out a loan for the procedure now and paying it off over time. This is crucial to take into account since, like with many different kinds of medical operations, the sooner the surgery is completed, the better is the result.
Medical loans for surgery are a helpful option when it comes to financing surgical procedures requiring heavy expenses. These loans can offer timely assistance to individuals in need, ensuring that necessary surgeries can be carried out without delay. Whether it is for small outpatient procedures or more complex surgeries, medical loans can provide the necessary funding for individuals to undergo the necessary treatment.
There are various options available for medical students, including education loans and student loans specifically designed to cover tuition and related expenses. These financial assistance options help alleviate the burden of medical education costs, ensuring that students can focus on their studies and future careers without being held back by financial constraints.
During medical emergencies, a medical emergency loan proves valuable for immediate access to funds required for urgent medical care. Similarly, medical professionals and entrepreneurs benefit from medical equipment loans or medical shop loans as they facilitate the purchase of necessary equipment or the establishment of medical shops, enabling them to deliver high-quality healthcare services with proper resources.
Medical loan interest rates in India can differ based on the lender and the type of loan. It is crucial to compare rates and terms to secure the best option carefully. These loans have gained popularity in India, offering essential financial assistance for medical expenses, whether for personal healthcare or professional investments.
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Features and Benefits of Medical Loan
Check out the major benefits of availing a medical loan through InvestKraft
Higher loan Amount
You can expect to receive a higher loan amount for medical purposes compared to other lenders. Whether you require a medical emergency loan or a medical loan for surgery, we prioritize providing you with the necessary funds.
Hassle-free Process
Our digital processes make getting a medical loan in India a hassle-free experience. Whether you need a medical shop loan or a medical equipment loan, you can expect a smoother and quicker process. Say goodbye to paperwork and enjoy the convenience of a digital loan application for all your medical lending needs.
Easy repayment
We offer flexible and convenient repayment options for borrowers, ensuring that they can easily manage their payments. This applies to all types of loans, including those specifically for medical treatment or any other medical-related expenses. Our goal is to provide borrowers with the utmost convenience and support throughout the repayment process.
Lower interest rates
You can benefit from lower interest rates with our competitive medical loan interest rates, which means paying less on the borrowed amount and enjoying complete peace of mind.
Zero collateral
InvestKraft offers easy medical loans without the requirement of any collateral or security. This applies to various loans for medical students, such as student loans, education loans and other types of medical student loans.
Eligibility for Medical Loan
Our medical loan application is open to all individuals who meet our five preliminary criteria. Once the eligibility is confirmed, you can process it by submitting the required documents for processing. Our medical loans cater to various needs such as medical emergencies, equipment and treatment.
Eligibility criteria
- Nationality: Indian
- Age: 21 years to 67 years*
- Employed with: Public, private, or MNC.
- CIBIL score: 750 or higher.
- Monthly salary: Starting Rs. 25,000, given your city
Documentation for Medical Loan
- KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
- Employee ID card
- Salary slips for the last 3 months
- Bank account statements for the previous 3 months
Lenders at InvestKraft provide customised education loans for medical students, designed to meet their specific financial requirements. Their flexible options are available for both tuition fees and other expenses.
The medical shop loan can offer financial support for setting up a medical shop or acquiring the necessary equipment. Furthermore, a medical loan for surgery aims to alleviate the financial strain of undergoing medical procedures.
We ensure transparency in disclosing all costs related to medical loans, making it important to comprehend the interest rate. Our main objective is to provide competitive rates that make medical loans easily accessible to everyone.
Interest Rate & Charges
Medical loan interest rates start at 11.99% annually, but your specific rate will depend on factors like your credit score, loan amount and work history. Additionally, there is a processing charge of up to 3% of the loan amount.
Explore our range of Medical Loans in India and find the one that best suits your needs.
| Interest Rate | 11.99% to 36% |
| Processing Fee | Up to 3% of the loan amount |
| Loan Tenure | Up to 60 months |
| EMI Per Lakh | ₹2,275 for 60 months |
| Foreclosure Charges | 0% to 7%* |
We facilitate a range of loans designed to cater to different needs, including specialized options for medical students such as education loans and student loans. Additionally, we also facilitate emergency loans and loans for medical treatment for urgent medical expenses. InvestKraft offerings also include medical loans for surgery, aimed at providing financial support for necessary medical procedures.
Many lenders also offer medical equipment loans and medical shop loans to assist healthcare professionals in India who are establishing or expanding their medical practices. These specialized loans are intended to support them in acquiring the essential tools and premises required to provide excellent healthcare services.
Different Types of Medical Loans
Be it a planned medical procedure or a sudden emergency,
Investkraft’s medical loan emerges as the best solution to arrange funds for such things.
1Check eligibility
Use our medical loan eligibility calculator to check your eligibility.
2 Submit the docs
Next, submit the required documents online and click Submit
3 Submit application
Verify the submitted information and click on Submit for further
The best way to manage a medical emergency
Apply for a medical loan with Investkraft today!
Frequently asked questions
- KYC documents - PAN and address proof
- Employment Proof (for Salaried) / Proof of business presence (for self-employed)
- Income proof (salary slips for employees / Form 16 / ITR / Audited reports for self-employed)
- Bank statements for the last 6 months
- In a few scenarios, medical documents defining the nature and treatment cost may also be required
- The application must have a credit score of at least 750
- Have a reliable monthly income starting at Rs. 25,000, depending on the city you live in, and satisfy the requirements
- Be careful to have all necessary documentation available.
Digital Journey
Lower Interest Rates
Easy Documentation Process