When it comes to any kind of contingent expenses or unforeseen expenditure, a personal loan is like a quick fix solution – be it for a marriage, home renovation, or an unexpected ailment.
A medical emergency in the family though, it can take a toll on you not just on the physical front but also mentally and financially. On top of this, throw in the uncertainty and panic surrounding all of us amidst the COVID-19 pandemic that’s causing its own share of mental health issues, and it certainly spells disaster. The situation becomes more worrisome in case the cash resources are restricted. In this situation, personal loans are your best friend.
Prerequisites and eligibility criteria for a medical emergency loan
As soon as the word “loan” is uttered, the image of a brick, a mortar bank, and a thick file of paperwork pops in most of our minds. Thankfully, our economies, technologies, and culture have come way ahead from the time these were the sine qua non to avail any loan. In today’s time, instant personal loans are readily available by not just banks but also several other financial institutions. Some of them even offer instant disbursement of loans and pre-approved packages to their users while comfortably sitting on their couch.
Most of these organizations, such as EarlySalary, have a simplified and paperless procedure for this loan. For instance, the eligibility for the personal loan for a medical emergency includes just three simple qualifications, i.e.,
- Citizen of India
- above 21 years and below 55 years of age
- salaried individual with a minimum salary of INR 18,000.
EarlySalary’s high approval rate, coupled with an assurance of the money reaching your bank account in a jiffy with next to no paperwork, culminate in a loan experience rivaling those of what some materialistic purchases give us.
Coverage of Personal Loans for Medical Emergency
As opposed to the conventional loans, in case of an instant personal loan taken from EarlySalary or any of such financial institutions, along with the high approval rate and instant disbursement of the loan, another remarkable feature is the flexibility concerning the loan utilization.
With EarlySalary, the loan amount can not just be used for medical expenses such as surgeries, medical bills, et al., but absolutely anything related to the medical emergency – no questions asked. There aren’t any unnecessary restrictions like the ones involving insurance claims, such as an upper cap on the medical expenses and room type, etc. In simple words – take the money, use it, and repay on convenient schedules, or even early – there are no prepayment charges!
The bottom line? Money never comes in the way of affording the best medical facilities and treatment for you and your family.
How to get instant loans for medical emergencies online
The process is as simple as ordering something online – logging on to the concerned website online, filling out the form, and uploading the necessary documents. That’s it, and the amount is instantly transferred to your bank account.
For instance, to avail a loan for a medical emergency from EarlySalary, you just have to follow a 5 step process:
- Log on to the EarlySalary website or download their app.
- Click on their “Start Application” button and fill out all the necessary information required.
- Once the application is approved, just upload the essential documents such as the passport-sized photo and identity proof on their portal with self-attestation in a pdf format.
- Sit back and utilize the loan amount, which will be transferred to your bank account almost instantaneously!
Even though several online websites claim to give instant personal loans, be mindful of being duped by some dubious websites, which will cause more harm than benefit. That’s why users should use a reliable source, just like EarlySalary.
Along with all the benefits mentioned above, EarlySalary also offers other services such as no additional cost for prepayment, medical loans to study medicine, no further renewal or annual fee, and flexibility in choosing the tenure for repayment, among others. So, you can choose EarlySalary and never let money come between you and your family’s health.
Feel free to get in touch with us for any questions on credit, loans, and your instant cash needs! We’re listening all day on:
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Download the EarlySalary app here, or simply log in to our website and be a part of the #OneInAMillion experience.