IVF treatments have become increasingly popular among couples who fail to conceive with natural methods. With higher success rates and skilled experts in the field, many families have opted for this route to have the blessing of a child. However, most people stumble at one point, which is the IVF cost.
Although the IVF cost is often based on the infertility workup to be done, it is still a high-end service for an average middle-class Indian couple. Besides that, many couples need to undergo several rounds of treatment before they get a positive outcome. So, if you are looking for funds to finance your IVF treatment, Clix Capital offers a personal loan for medical emergency at competitive interest rates.
Check Eligibility Before Applying for a Personal Loan
Before you make a loan application with Clix Capital, it is best to check your eligibility first. Make sure that you fulfil the following conditions:
- The applicant must be an Indian citizen
- The age limit should be between 25 to 58 years
- The applicant must be earning at least ₹25,000 per month
- The applicant should be employed with the same employer for at least 6 months and work in the same industry for a minimum of 12 months
Apply for a personal loan only if you fulfill the above mentioned conditions. If not, you will get a loan rejection straightaway. As a result, your credit score will be reduced and it will become more difficult for you to apply for another loan in the future.
Personal Loan Documentation Requirements
If you fulfill the eligibility conditions, you can proceed towards getting your documents verified online, which takes only a few minutes to complete. Clix Capital requires the applicants to get the following documents verified online:
- 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
Remember, you can have your documents verified online only if your KYC is updated with Aadhaar and PAN. If not, you will have to upload these documents and the lender will take care of the rest.
Steps to Get a Personal Loan for Medical Emergency
A personal loan can be the perfect way to cover your IVF cost. These are the steps involved in the process starting from application to disbursal:
- Loan Application: Clix Capital allows you to apply for a personal loan online right from the comfort and privacy of your home. Fill up the loan application form and submit it. Once the lender receives your application, a customer representative will get in touch with you.
- Document Verification: Essential documents mentioned above are verified online if KYC is updated with Aadhaar and PAN. If not, you need to upload them as per the instructions provided.
- Loan Approval: Once you have applied for a loan, the lender scans through your documents and check your credit history to determine your creditworthiness. If everything seems fine, they may approve your loan in as little as 15 minutes*.
- Accept the Loan Offer: Depending on your credit score, loan amount applied for, repayment history, and other factors, the lender will send you a loan offer. If you agree to it, accept it and activate the e-mandate to schedule automatic EMI repayments.
- Loan Disbursal: Once you accept the loan offer, your loan amount will be disbursed within a few hours.
Now you have your personal loan that you can use to finance your IVF treatment at a reputed clinic of your choice. You may also take a personal loan for travel to fund your travel to a foreign destination and have your treatment there.
Before you apply for a personal loan for medical emergency, check your credit score and ensure that it is 725 or above. If it is less than that, the lender won’t accept your loan application or offer you a loan with a very high interest rate or unfavorable terms and conditions. If your credit score is less than 725, follow these tips to improve your score:
- Pay your credit card bills and loan EMIs on time
- Reduce your credit utilization ratio
- Lower down your debt-to-income ratio
- Diversify your credit mix
- Make a budget and reduce your expenses to manage your finances better
- Maintain your old accounts
Once you have made up your mind to fund your IVF treatment with a personal loan for medical emergency, compare different lenders based on their loan amount, interest rate, repayment tenure, processing fees, and customer service. Clix Capital is a reputed lender that offers the best of all these. Apply for a personal loan for medical emergency now and make your dream come true of becoming a parent.
You can also reach out to us at firstname.lastname@example.org or call us at 1800 200 9898
* T&C Apply