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8 Advantages of Taking a Personal Loan for Medical Emergency

Clix April 21, 2021

 

Medical emergencies may strike at any time. Being ready to deal with them financially is crucial. Although health insurance is one thing that almost everyone has these days, the cost of treatment that you seek may often be much more than the assured amount. In such a situation, a personal loan for medical emergency can be your best option. It is an unsecured loan that you can avail to cover any expenses related to a medical emergency.

Clix Capital is a reputed NBFC that offers personal loans of up to ₹ 25 lakhs, which you can avail in case of an emergency and repay it conveniently in 12 to 48 months. This means that the best medical treatment is just a few steps away. Just apply for a personal loan and use the loan amount to pay your medical expenses, including hospitalization, medical bills, medicines, rehabilitation, recovery, therapy, and so on.

There are several advantages of availing personal loan for a medical emergency. Such as:

1.    Best Treatment at a Non-Cashless Hospital for a Non-Cashless Procedure

You can get cash upfront with a personal loan for medical emergency. So, even if you enter a hospital that does not entertain cashless payments or seek a procedure that needs cash payment, you can use your loan amount to make such payments and clear your bills. There is no need to wait and get approval from your insurance company.

2.    Treatment at the Medical Facility of Your Choice

There might be a particular hospital where you want yourself or your family member to get treated. But health insurance providers have limitations to the hospitals you can choose from. However, when you apply for a personal loan for medical emergency, you have your cash in hand, which you can use to get treatment wherever you want.

3.    Fast Loan Approval

Many NBFCs like Clix Capital support a 100% digital loan application process for personal loans. Just visit the lender’s website or open their mobile application, click on the Apply Now button, and provide a few details. The documents verification process can be completed online. So, if you meet the lender’s eligibility conditions and have an acceptable credit score, you can get funds in as less as 15 minutes*.

4.    Instant Disbursal of Approved Loan Amount

Once your personal loan is approved, the loan amount is disbursed quickly. With this, you can rest assured that there will be no delay in your treatment due to a lack of funds. Once you receive your loan amount, you are free to use it to cover any kind of medical expense, including surgery, diagnosis, or treatment. Even if you are going for a cosmetic procedure, you can have it funded with a personal loan.

5.    Freedom to Use the Loan for Any Type of Ailment or Procedure

The lender is not concerned about why you are taking the personal loan and what kind of medical expenses you are going to cover with the approved loan amount. Whether you want to use the amount for surgery, treatment, cosmetic procedure, dental treatment, infertility treatment, or anything else, you are free to use the loan amount the way you like. Just calculate the expenses and apply for a suitable loan amount as per your requirements.

6.    Customized Repayment Plan

Personal loans have flexible repayment plans that you can choose as per your income and repayment capacity. For instance, Clix Capital offers a loan term of 12 to 48 months. The higher EMIs you pay, the shorter loan term you may select, and vice versa. You may use a personal loan EMI calculator to get an estimate of your monthly EMIs and choose a loan term with convenient EMIs.

7.    No Need for Security

Personal loans for medical emergencies do not require any collateral or guarantor for approval. You don’t need any assets to pledge to the lender. You can get your loan approval based on your credit score, eligibility, and documents.

8.    Minimal Documentation Requirements

Personal loans are paperless loans for which you do not need to submit or upload any paperwork. Just provide your KYC details and your documents will be verified online within a matter of minutes. The only documents* you need to apply for Clix Capital’s personal loan include the following:

    • Duly filled online application form
    • Recent passport size photograph
    • Identity proof like Aadhaar card or Pan card, or government ID for government employees
    • Address proof like Aadhaar card, voter ID, passport, driving license, etc.
    • Income proof, including your last month’s payslip or current year’s Form 16

*we ask you to upload these documents if your KYC is not available online.

If you have a monthly income of at least ₹ 25,000, a strong credit history, and are between 25 to 58 years of age, then you can get your loan approval and disbursal in no time.

Looking for a personal loan for medical emergency? Apply here at Clix Capital. Your personal loan can be approved in 15 minutes* and you can choose your loan term from 12 to 48 months as per your convenience.

For any queries, find us on Facebook, Instagram, LinkedIn, Twitter, or WhatsApp

You can also reach out to us at hello@clix.capital or call us at 1800 200 9898

* T & C Apply

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