About Medical Emergency Loans
Loanpao’s Medical Emergency Loans in Delhi, India, provide immediate financial support for urgent healthcare expenses, such as hospital bills, surgeries, or critical treatments. With quick disbursal, no collateral, and flexible repayment options, our loans ensure you can focus on recovery without financial stress.
Why Choose Our Medical Emergency Loan?
- Interest Rates starting at 10.5% per annum
- Loan Amount from ₹10,000 to ₹5,00,000
- Tenure from 3 to 36 months
- Instant disbursal within 24 hours
- Unsecured loans with no collateral
- 100% online application process
- Minimal documentation
- Flexible repayment options
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Age | 21-60 years |
| Income | Minimum ₹15,000/month (salaried/self-employed) |
| Employment Type | Salaried or self-employed |
| Credit Score | 600+ preferred |
What Documents Do You Need?
- KYC: Aadhaar, PAN
- Income Proof: Latest salary slips (3 months) or ITR (self-employed)
- Bank Account Details: For disbursal
- Address Proof: Aadhaar, utility bill, or rental agreement
- Medical Documents: Hospital estimate or prescription (optional)
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| HDFC Bank | 10.5% - 12.5% | Up to 2% or ₹1,500 |
| ICICI Bank | 11.0% - 13.0% | Up to 2.25% or ₹2,000 |
| Bajaj Finance | 11.5% - 14.0% | Up to 3% or ₹2,500 |
| Axis Bank | 10.8% - 12.8% | Up to 2% or ₹1,800 |
| Tata Capital | 11.2% - 13.5% | Up to 2.5% or ₹2,000 |
Extra Charges:
- Late Payment Charges: ₹750 + 2% on overdue amount
- Foreclosure Charges: 4% if prepaid within 12 months, else nil
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
Calculate Your EMI
Enter values and click Calculate EMI to see results.
How to Apply for a Medical Emergency Loan
- Fill out the online application with personal and income details.
- Upload KYC, income proof, bank details, and optional medical documents.
- Undergo instant verification and credit assessment.
- Receive approval and e-sign the loan agreement.
- Get funds disbursed within 24 hours.
Common Questions About Medical Emergency Loans
What is a Medical Emergency Loan?
A Medical Emergency Loan is an unsecured personal loan designed to cover urgent healthcare expenses, such as hospital bills or surgeries.
Who can apply for a Medical Emergency Loan?
Salaried or self-employed individuals aged 21-60 with a minimum income of ₹15,000/month and a 600+ credit score.
What is the maximum loan amount?
Up to ₹5,00,000, depending on income, credit profile, and medical needs.
How long does disbursal take?
Funds are typically disbursed within 24 hours of approval.
Can I prepay the loan?
Yes, prepayment is allowed with 4% charges if prepaid within 12 months, otherwise free.
Is collateral required?
No, Medical Emergency Loans are unsecured and require no collateral.
What is the repayment tenure?
From 3 to 36 months, based on your repayment capacity.
Are there special offers?
Apply by 31st May for zero processing fees on loans above ₹1,00,000.
Are medical documents mandatory?
No, but providing hospital estimates or prescriptions may expedite approval.
What happens if I default?
Late fees, credit score impact, and potential legal action may apply after due notice.