Why Should You Take A Medical Emergency Loan from Moneyview
Flexible Amount and Repayment Term
You can choose a loan amount from Rs.5,000 to Rs.10 Lakh and a repayment period from 3 months to 5 years based on your eligibility and requirement
Quick Disbursement
In the case of emergencies, getting financial assistance as quickly as possible is important. Funds from Moneyview personal loans get disbursed within 24 hours of you submitting the loan agreement
No Security or Collateral
With Moneyview loans, you don’t need to pledge any security or collateral as they are unsecured loans
Affordable Interest Rates
Interest rates are important as they determine the EMI amount to be paid. At Moneyview, the interest rates start at just 1.33% per month
Medical issues seldom come announced and in case of emergencies, having immediate financial assistance is important. Keeping this in mind, Moneyview offers medical emergency loans within just 24 hours to help you in your situation.
Eligibility Criteria for Medical Emergency Loan
Here is the eligibility criteria to fulfill if you need an emergency medical loan -
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You have to be between the ages of 21 and 57 years
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You must have a monthly income of at least Rs.13,500 if you are salaried
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You must have a monthly income of at least Rs.15,000 if you are self-employed
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Your income must be credited directly to your bank account
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You must have a minimum CIBIL or Experian score of 650
What Are the Documents Needed for a Medical Loan?
The documentation required for procuring a medical emergency loan from Moneyview is very simple. All you will have to do is -
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Confirm or enter your PAN number
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Ensure that your mobile number is linked to your Aadhaar card for KYC verification
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Provide a clear selfie taken in a well-lit area
Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents.
In case you are required to upload proof of address, any one of the following documents will suffice -
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Aadhaar Card
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Valid Indian Passport
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Valid Voter ID
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Valid Driver’s License
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Utility Bills (Electricity, Water, Gas) dated within the last 60 days
In case you are required to upload proof of income, you must furnish your bank statement for the last three months. This statement must also show your salary credits.
How to Get Moneyview Instant Medical Emergency Loan
Check Eligibility
Visit the Moneyview website or download the app. Provide the required details to know your eligibility in just 2 minutes.
Choose Your Loan Plan
Choose the loan amount and repayment tenure based on your needs and the options provided
Provide Required Documents
Easily upload all of the necessary documents online for verification in a hassle-free manner
Instant Loan Disbursal
After your documents are verified and the loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Conclusion
Medical emergencies happen unannounced and can be very stressful. Having immediate funds handy in such situations can reduce the blow. An instant personal loan is a great way to arrange for funds in times of need.
You can get instant personal loans of up to Rs.10 Lakh from Moneyview, and the repayment tenure also ranges from 3 months to 5 years. And most importantly, the funds get disbursed to your bank account within 24 hours of you submitting the loan agreement.
To know more, you can visit the Moneyview website or download the app.
Frequently Asked Questions (FAQs)
A Medical Loan, as the name suggests, is a loan that is used for expenses related to a medical emergency or even for planned treatments of a medical condition. This could include the cost of surgeries , medicines, specialist fees, diagnostic tests, hospital costs in the form of room rent, consumables, etc.
Unlike home loans, education loans or auto loans, there is no specific loan for medical expenses. However, you can avail a personal loan to pay for the same.
A medical loan or a personal loan for meeting medical expenses can be availed from the following sources
- Banks
- NBFCs
- Online private lenders such as Moneyview
Loans from Moneyview are popular as they are versatile, easy on the pocket, and are disbursed within 24 hours of loan approval. Additionally, there is no need for applicants to provide any form of collateral or security.
In order to be eligible for a Moneyview personal loan, salaried applicants must be receiving a minimum monthly income of Rs.13,500 and self-employed applicants must be receiving a minimum monthly income of Rs.15,000. Apart from this, the income must be directly credited to the applicant’s bank account.
The documentation required for receiving a medical loan from Moneyview is very simple. All you will have to do is -
- Confirm or enter your PAN number
- Ensure that your mobile number is linked to your Aadhaar card for KYC verification
- Provide a clear selfie taken in a well-lit area
Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents.
Yes, you can. Moneyview loans are available for all individuals across India.
Yes, self-employed applicants can avail personal loans from Money View as long as they meet the eligibility criteria. Visit the Moneyview website to complete your eligibility check within two minutes to find out more.
You can get a loan from Moneyview with a CIBIL or Experian score of just 650. Moneyview employs a unique credit rating model that takes many factors into account. This is why even if your credit score is on the lower side you can still get a loan.
Once you have submitted an application, you can track your application status on our app or website -
- Login using your registered email ID
- Head over to the ‘Dashboard’ and scroll down to the ‘Application Status’
If you have the app, you will see the ‘Application Status’ as soon as you open the app.
At Moneyview, you can avail of a loan amount between Rs.5,000 to Rs.10 Lakh based on your eligibility criteria and requirements.
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