A medical emergency is an unavoidable situation that any one of us can face in life. During those moments, all you want is instant funds without the hassle of going through slow approvals and long queues. In a medical emergency, every minute is priceless and you cannot afford to wait for days to get your loan approval. That is why an instant personal loan for medical emergency can be your best solution for urgent needs.
Instant personal loans can be approved in 15 minutes*, making them extremely useful for those who need quick funds. Besides that, there are several other benefits associated with these loans, which include their flexible repayment tenure, unsecured nature, and competitive interest rates. All these make these loans a less burden on the borrower in times of emergencies.
Here are the top five ways a personal loan for medical emergency can help you manage the situation with ease.
1. Ample Amount of Funds for a Medical Emergency
Instant personal loans offer a high amount of loan irrespective of their unsecured nature. For instance, Clix Capital offers an ample loan amount of up to ₹ 25 lakhs that you can use to cover your medical emergency expenses. However, the loan amount sanctioned to you largely depends on your credit score and repayment capacity. Besides having a credit score of 725 or above, you need to fulfil a few easy eligibility conditions as well that you must check before applying for a lender’s personal loan.
For Clix Capital, here is the simple eligibility criteria that you have to fulfil:
- You must be 25 to 58 years of age
- You must be earning minimum ₹ 25,000 per month
- You must be working with the current employer for at least 6 months
- You must have a work experience of at least 12 months in the industry
If you are eligible, you can apply for a personal loan and avail the benefits. Once approved, you may use the sanctioned loan amount to handle the diagnosis, treatment, therapy, or rehabilitation related expenses associated with your medical emergency.
2. Easy Application and Fast Approval
During a medical emergency, urgent bills need to be paid off quickly and actions need to be taken quickly to give the best possible treatment to your loved one. As conventional loans include a plethora of formalities and documents and may take several days to complete the process, instant personal loans can be approved in as little as 15 minutes*.
Since there is no collateral requirement and the document verification process is conducted online within minutes, you get instant approval without wasting any time. The only documents that Clix Capital needs to approve your loan are your identity proof, address proof, passport size photograph, and income proof. If your KYC is updated with PAN, you don’t even need to upload your documents anywhere.
By availing a personal loan, you also save the hassle and legwork, all thanks to the fast and convenient online processing systems involved in instant personal loan approvals.
3. Competitive Interest Rate
During a medical emergency, you need funds as fast as possible, but that does not mean you have to pay exuberant interest rates for your loan. The market for personal loans is extremely competitive, due to which lenders offer competitive interest rates on their personal loans. However, it’s wise to compare the interest rates of different lenders before you make the final choice.
4. Easy EMIs With Flexible Repayment Tenure
An instant personal loan from Clix Capital allows you to select a flexible repayment tenure ranging from 12 to 48 months. You can use a personal loan EMI calculator to get an estimate of your monthly EMIs and choose a loan term as per your budget and repayment capacity. Longer loan tenure means smaller EMIs but higher interest outgo, while shorter loan tenure means higher EMIs but reduced interest outgo. So, the final decision lies in your monthly earnings and expenditures.
5. No Collateral Requirement
When you need cash in a hurry, it can be hard to find the right lender. Luckily, some lenders like
Clix Capital offer personal loans with no collateral requirement so that you can get money when you need it without breaking your budget or putting yourself at risk of getting into debt. If this sounds good to you, apply for a personal loan today and get access to immediate funds when you need it the most.
At Clix Capital, we pride ourselves on offering easy-to-avail personal loans that are affordable from start to finish.
You can also reach out to us at email@example.com or call us at 1800 200 9898
* T & C Apply