Apply in minutes
You can easily apply for a loan in only minutes by filling our loan application form online.
Collateral-free loan up to 25lac
You can get loan up to 25lac without mortgaging any of your assets.
Medical loan at Rupee Station is made available at quite low-interest rates to make it an affordable option for you.
Receive funds in 24 hours
Loan amount is made available instantly in just 24 hours, so that you can easily meet your urgent requirements.
Minimal eligibility Criteria
The eligibility criteria to apply for a medical loan is also very minimal, thus anyone can easily apply for the loan.
The process of documentation is also quite easy as you can submit the documents online in clicks.
Repay in small EMIs
You can easily repay the loan in small EMIs depending upon your regular monthly income.
No restriction on fund usage
You can use the funds received for any or every medical issue as there is no restriction on the usage of the loan amount.
The medical loan is one of the best ways to meet the unforeseen health emergency expenses. These loans fall in the category of unsecured personal loans, thus they are easily available in just a few clicks. If you are facing any medical issue and need huge funds on an instant basis then medical loans are the best option for you. These loans are easily available up to 25lac at quite an affordable rate of interest. The best part is that these loans are collateral-free and hardly have any salary or income requirement for its approval. So, you can easily meet your urgent medical requirements with the medical loans.
Types of interest rates on medical loans
There are two types of interest rates charged on the medical loan, one is the fixed rate of interest, and the other is floating rate. Both the rate of interest have their own pros and cons, here given is the basic difference between these two types of interest rates –
Advantages of taking a medical loan in comparison to health insurance
Although medical loans are less preferred in comparison to the health insurance, but there are numerous benefits which makes these loans more preferable at times. Here are some of the major advantages of the medical loan in comparison to health insurance; take a look –
Is Medical loan available to a person with poor credit score?
The medical loan is a kind of collateral-free personal loan, thus its approval widely depends upon your credit score and credit history. However, we at Rupee Station, also provide the medical loans to the people with bad credit score and poor credit history. So, if you have a bad credit rating and need a medical loan on an instant basis then apply for the loan at Rupee Station and get the loan instantly.
What are the medical expenses which are covered by this loan?
Your medical loan will cover all the medical expenditure such as operation, medicine, testing, and hospital expenses. You can use the funds for a wide range of expenses related to medical as there is no restriction on the usage of the fund amount.
No doubt that medical loan is quite a major requirement for people at times of emergencies. In fact, these loans serve as a savior for many people falling short of funds, to pay hospital, operation, and medicine bills, to provide ailment to their loved one. Here listed are some of the major features of the Medical Loan, have a look:-
The medical loan is easily available to almost everyone as medical emergencies can occur in anybody’s life. However, there are some basic criteria which a person has to meet in order to apply for the medical loan. Although applying criteria for medical loan are quite general but it can vary from bank to bank. Below given is the detailed list of basic eligibility criteria for the loan, take a look and know your eligibility:-
Eligibility Criteria to apply for Medical Loan
As stated above almost everyone is eligible for the medical loans and here is the list of basic eligibility criteria, have a look:-
Documents Required for the Approval of Medical Loan
The documents required for the approval of the loan widely depends upon your source of income. The list of documents for the self-employed professionals widely differs from the documents required for the salaried individuals. So, below given are the lists of documents for both the categories of borrowers; have a look:-
Medical loans are only procured at the time of emergencies and we at Rupee Station completely understand the same. Thus, our aim is to make the medical loans easily and instantly available to the borrowers and that too at the lowest rate of interest, so that they do not face issues in the repayment of the loan. At Rupee Station, we have a team of highly experienced financial experts who search for the best loan options available and provide you the best financial advice in your hard time, so that you just don’t end up paying more.
As soon as your application is received, our experts will review it and will process the same with multiple banks and NBFCs. Thereafter, they will compare multiple loan schemes offered by the banks and NBFCs to suggest you the one with the lowest rate of interest and maximum benefits. Rupee Station is an online marketplace for all types of loans and we aim at making the entire loan process paperless and hassle-free for our customers. Here are some of the major advantages of applying for a loan at Rupee Station; have a look:-
Applying for the loan has become too easy and instant with Rupee Station. In fact, applying for the medical loan is minute’s task with us. Here are the simple steps to apply for a medical loan at Rupee Station, have a look –
So, this was the simple and easy procedure to apply for a loan at Rupee Station. Fill the form in minutes and get the funds instantly.