Loanpey – Instant loans for bills, rent, school fees, appliances & more. Easy application, fast approval, flexible repayment. Trusted financial help when you need it most!

Loanpey – Instant loans for bills, rent, school fees, appliances & more. Easy application, fast approval, flexible repayment. Trusted financial help when you need it most!

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Medical Loan

What is medical Loan?

Personal Loan For Medical Emergency

At LoanPey, you can get a Medical emergency loan to manage unexpected financial needs. Medical emergencies do not give a warning before they occur, and medical costs can make you think twice about whether or not you should go ahead with hospitalization. That’s where you need a helping hand from a trustworthy lending institution.

We understand medical emergencies can empty your pockets, as many expenses are involved. They include hospitalisation costs, medicines, surgery, and diagnostic tests; the list does not stop here. Our medical emergency loan is designed to help you meet your healthcare needs without using up all your savings.

Applying for an instant loan for medical emergency is just what you need. It will ensure that you receive much-needed and instant financial relief without any stress. The rising costs of medical treatments do not leave individuals with many options. As a result, they end up spending their hard-earned money, which they have as savings and investments. That is why you need a personal loan - easy, quick, and convenient.

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Feature & Benefits

Features and Benefits of a Medical Loan

With a personal loan for medical emergency, you don’t have to worry about the costliest care and hospitalization. We are here to cater to your need for financial assistance if you or your loved one needs it. Get the money you need instantly, and the treatment you or your loved one deserves. With our instant medical loan, you can cover various treatments and hospitalization with ease.

Minimal Documentation Required

At LoanPey, we simplify the paperwork. There is no need for many documents. Thus, it makes the application process easy and gives you instant access to the funds.

Digital Process

With a process being 100% digital, the loan application can be made effortless. It allows you to focus on important medical matters rather than dealing with complicated procedures.

A Competitive Interest Rate

LoanPey offers a competitive medical loan interest rate, starting at 2% monthly. This rate assures you of the much-awaited financial support and favorable terms, reducing the pressure during tough times.

Zero Collateral or Security

As an unsecured personal loan, there is no need to provide any security or collateral against the loan. It does not require you to arrange the collateral and its documents.

Flexible Repayment Tenure

At LoanPey, we offer you a flexible tenure of up to 12 months, which allows you to repay the personal loan for a medical emergency in pocket-friendly EMIs.

Fast and Easy Disbursal

Get an instant personal loan for a medical emergency! LoanPey not only approves such loans, but they also instantly disburse them within a few hours after documents are submitted.

Process

Steps to Apply for Medical Loan

01

Apply Online

Apply online with the amount you require.

02

Submit Documents

Submit the documents necessary for further action.

03

Get Approved

Get the loan application verified and approved in a few hours.

04

Receive Funds

Receive the loan amount within 2 hours.

Eligibility

Eligibility Criteria for Medical Loan

1. Age To apply for an instant loan for medical emergency, your age must be between 21 and 60.
2. Minimum Income Earn a monthly income of no less than INR 30,000/-
3. Employment You should be employed with a reputable MNC, or even a private or public firm.
4. Nationality You must be an Indian citizen.
5. Credit Score Must be no less than 750 or above.
6. Work Experience At least one year of work experience, and you should have worked in the current firm for at least six months.

200 +

Happy Customers

1000 +

Loan Approved

Why Choose Us

Why Choose Loanpey for Medical Loan

A health emergency comes unexpectedly, leaving you with no time to arrange funds. In such critical moments, getting an instant medical emergency loan - a solution so quick, reliable, and hassle-free - works to your advantage. At Loanpey, we are not just a lender, but a partner you can trust for your well-being. We completely understand that a medical situation can be emotionally and financially disturbing. That is why we’re dedicated to offering more than funds. We help you reduce your financial burden with a personal loan for medical emergency.

  • Instant help whenever you need it.
  • No stress! Only seamless financial assistance.
  • A caring hand in crucial times.
  • Easy solutions for complicated health expenses.
EMI Calulator

Medical Loan EMI Calculator

Some unexpected medical expenses can give you a hard time when arranging funds. Using a calculator for a medical emergency loan makes it easier to plan your treatment the way you want. This unique tool would help you get the clarity and control to make the right decision without financial pressure. Plan your loan repayments smoothly, feeling confident.

Using a medical loan EMI calculator is a smart financial tool that offers quick and accurate results. By simply entering your loan amount, interest rate, and repayment tenure, you can instantly estimate your monthly EMI. This allows you to make informed decisions without manual calculations or guesswork. The calculator also enhances transparency by showing the total interest payable and the overall repayment amount, giving you a clear picture of your financial commitment.

Moreover, the flexibility to adjust inputs like the loan amount or tenure helps you explore different repayment options and choose one that suits your budget. This adaptability makes it easier to plan ahead and ensures you're not caught off guard by monthly payments. By knowing your EMI in advance, you can manage your expenses more effectively and avoid financial stress during medical emergencies.

Interest Rate

Medical Loan Interest Rate

Loan Interest Rate

2% to 2.72% monthly

Loan Amount Offered

INR 5,000 to 1 Lakh

Loan Processing Fee

2% of the loan amount

Loan Tenure

90 days to 12 months

APR

Medical Loan APR Calculator

Loan Amount

50,000
₹ 10,000 ₹ 2,00,000

Tenure (Days)

30 Days
7 days 365 days

Rate of Interest (Daily %)

1%
0.1% 5%

Processing Fees

10 %
1% 20%

Interest Amount

15,000.00

Processing Fees

5,000.00

Total Repayment

70,000.00

APR

58.39 %
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FAQs

Frequently Asked Questions

A medical emergency loan is a type of personal loan that can be taken out to manage sudden medical expenses or any situation that can occur unexpectedly.

A medical emergency loan can be used for various healthcare requirements, such as hospitalization, medicines, diagnostic procedures, medical treatments, etc.

The processing fee for a medical emergency loan is usually 2% of the loan amount, subject to terms and conditions.

LoanPey offers a quick, digital application process with instant approval. After document verification, you can expect your loan approval within a few hours.

An Aadhaar card, driving license, PAN card, passport, Voter ID, salary slips for the last three months, and more.

Goodskill Securities And Services Ltd | CIN - U74899DL1990PLC040437

Important*- As a registered NBFC with the Reserve Bank of India and following all the guidelines of the regulatory authorities, Loanpey provides loans to all eligible customers, where we accomplish our lending services through our website and CRM. Apart from this, we would like to inform our customers and the general public that we don’t have any app on android or appstore, and we are not disbursing through any mobile app. Therefore, please beware of any lending application that is copying our name and disbursing loans in our name through mobile apps, and please inform us in such circumstances where someone is trying to cheat through the unauthorized loan app by copying our name and logo.