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Loan Against Car for medical expenses

Depending on your treatment, medical costs can be planned for or come up out of the blue. Even though insurance covers these costs, it may sometimes not be enough. Furthermore, insurance does not cover cosmetic treatments. Our loan against car pays for both planned and unplanned procedures. Read more about what costs you can cover using a loan against car.

DIAGNOSTICS

DIAGNOSTICS

Specialised diagnostic scans can demand a huge expense. A single MRI scan can cost a great amount, and you may need more than one. Such scans/ tests along with other medical bills can upset your finances.

HOSPITALISATION EXPENSES

HOSPITALISATION EXPENSES

Even if your insurance coverage is enough, there is a long list of things that may not be covered, like room upgrades, special meals, doctor visits, dietician visits, and so on. Our loan against car comes with no end-use restrictions.

PHYSIOTHERAPY

PHYSIOTHERAPY

For post-operative care, you might need to attend several physiotherapy sessions, some of which might involve the use of special equipment. These sessions can be quite heavy on the pocket but that should not hold you back from getting the right treatment.

HOUSEHOLD EXPENSES

HOUSEHOLD EXPENSES

While the hospital bills continue to flow, you may still have a ton of expenses, EMIs, and monthly bills to pay for at home. Fees for school, groceries, and gas can all add up to a significant amount of money. Do not get burdened with financial stress during emergencies. Our loan against car has you covered.

COSMETIC PROCEDURES

COSMETIC PROCEDURES

Maintain your youthful appearance with cosmetic operations like laser hair removal, facelifts, and dental care. These procedures are a lot easier now that there are clinics across the country. While insurance may not cover for your cosmetic procedure expenses, with our loan against car you can use the funds for these expenses.

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Frequently asked questions

What is a loan against car?

Bajaj Finserv Loan Against Car is a loan that allows pledging your car to get a loan. We offer up to Rs. 102 lakh with a repayment tenure ranging up to 84 months.

Who can avail of a loan against car?

A loan against car can be availed of by anyone who owns a car, meets the minimum eligibility criteria and submits the required documents.

Does this require a car verification or valuation?

A car verification and valuation will be performed on the vehicle you pledge as a security.

Is a guarantor required for a loan against car?

The guarantor is not required as the vehicle serves as a security.

Which cars are eligible for a loan against car?

All vehicles including hatchbacks, sedans and more are eligible for a loan against car. Models that are out of production are however not eligible for a loan against car. Funding against commercial/ yellow number plate cars is not available.

How do I apply for a loan against car?

Simply click on the 'Apply’ button to open the online application form. Once you share your basic details, our representative will call and help you with the further process. Submit the required documents to our representative. Once your documents are verified and your loan is approved, you will get the money in your account.

What are the tenure options available for a loan against car?

The repayment period for the loan ranges from 12 months to 84 months.

How does a loan against a car for medical expenses work?

A loan against car for medical expenses works like any other secured loan. You can avail of it easily by fulfilling the basic loan against car eligibility criteria and fill out a simple application form. However, the loan amount is decided based on the valuation of your car. With Bajaj Finserv Loan Against Car, you can get up to Rs. 102 lakh in a hassle-free process.

How much money can I borrow against my car for medical expenses?

Your loan against car amount is determined by the valuation of your car. Bajaj Finance offer loan against cars that comes with minimal paperwork, and you can get up to Rs. 102 lakh. Use our loan against car EMI calculator to estimate your monthly instalments.

How long does it take for the loan to get approved?

Bajaj Finance offers a loan against car that comes with a quick approval and disbursal facility. You will receive the funds within 48 hours* of your loan approval.

Can I use the loan amount for any medical expenses, or are there any restrictions?

A loan against car comes with the flexibility of end-use. You can use these funds to cover all your significant and small medical expenses.

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