Personal Loan for medical expenses

Medical expenses can be planned or unplanned, depending on the nature of your treatment. While insurance covers such expenses, in most cases, it falls short. Moreover, insurance does not cover cosmetic treatments. Our Flexi Hybrid Personal Loan covers the cost of both elective and non-elective procedures. Read more about how the Flexi Hybrid loan works.

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diagnostics

DIAGNOSTICS

Specialised diagnostic scans can cost you thousands or even more. A single MRI scan can cost around Rs. 20,000, and in some cases, you may need multiple scans. Add to this the cost of other laboratory tests.

hospitalisation expenses

HOSPITALISATION EXPENSES

While your insurance coverage may be enough, there is a long list of exclusions such as room upgrades, special meals, doctor visits, dietician visits, and the like.

physiotherapy

PHYSIOTHERAPY

Post-operative care may require you to get multiple sessions of physiotherapy that could involve the use of special equipment. Each of these sessions can run into thousands.

household expenses

HOUSEHOLD EXPENSES

While you are hospitalised, you may still need to manage your monthly expenses. Children’s school fees, groceries, utility bills, fuel expenses, can all add up to a large amount.

cosmetic procedures

COSMETIC PROCEDURES

Continue to look your youthful best with cosmetic procedures ranging from laser hair removal to facelifts, and dental-related treatments. With clinics available all across the country, getting this done is easier than ever.

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Frequently asked questions

What are the documents required to get a personal loan for a medical emergency?
Individuals looking for a personal loan to fund a medical emergency must submit:
  • Passport-size photographs
  • KYC documents – Aadhaar, PAN, voter’s ID, driving license, passport
  • Bank account statements for the previous 3 months
  • Salary slips for the last 3 months
What are the factors to be considered while applying for a personal loan for medical emergency?
The following factors shall be considered while applying for a personal loan:
  • Have a credit score of 685 or higher
  • Have a steady monthly income starting Rs. 25,001, based on the city you live in
  • Meet the eligibility criteria mentioned
  • Make sure to keep all the relevant documents ready
How long does it take for a loan for medical emergency to be approved?

Personal loans are approved instantly after the borrower fills up the application form and uploads all relevant documents. Once the documents are verified and the loan is approved, the loan amount will be credited to the borrower’s account within 24 hours*.

*Terms and conditions apply.

What is the maximum loan amount I can get for a personal loan for medical expenses?

With Bajaj Finserv Personal Loan you can get funds of up to Rs. 55 lakh. The loan amount can range from Rs. 40,000 to Rs. 55 lakh and can help you pay for all your big or small medical expenses. You can use our personal loan EMI calculator to calculate your EMIs on the selected loan amount.

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