We live in a world where lifestyle diseases and other medical emergencies have become increasingly common and the cost of medical procedures and treatments is rising day-by-day. Though there are medical insurances that provide cover to meet these expenses, they are either expensive or inadequate becoming a heavy burden on the finances of individuals. In such cases it is better to explore an alternate solution that can be beneficial financially.

Key Advantages of Applying for Medical Loans from Money View

When you are in need of a medical loan, it means that your finances are clearly stretched and are unable to meet extra expenses without some additional help. In cases like these, it is important that the loan is available at the earliest and at a rate that doesn’t pinch your pocket even further.

Personal Loans from Money View comes with a host of advantages making it an ideal choice for a medical loan . Some of the benefits being:

  • Wide Range of Loan Amount

    We offer loans between Rs 5,000 to Rs 5,00,000 which helps you to choose an amount based on your requirement

  • Flexible Tenure

    Our loans come with a flexible payment tenure that can be chosen by you. It could range for up to 60 months.

  • Quick Disbursal

    When in need of a medical loan, time is of prime importance. Therefore our eligibility check takes just 2 minutes and disbursal is done within 24 business hours of loan approval.

  • Pocket-friendly Interest Rates

    When in need of funds for medical needs, you wouldn’t want to be burdened with heavy EMIs after availing the loan. Therefore Money View loan is the ideal option as it comes with low-interest rates starting from 1.33% per month.

  • Loans for Applicants with Low Credit Scores

    Money View Personal Loans are available even to those with relatively lower credit scores. Our minimum requirement is a CIBIL score of 600 or an Experian Credit Score of 650.

  • Transparent Eligibility Criteria

    All lenders set eligibility criteria for their borrowers. We at Money View have ensured our eligibility criteria is transparent and simple so that it is clearly understood by our applicants without any hidden conditions.

  • Entirely Paperless Process

    The entire process of loan approval to disbursal is digital, requiring no submission of any documents in physical form. All you need to do is upload copies of the required documents online onto the Money View website or app for the approval of your loan.

Interest Rates and other charges on Medical Loans

While availing a loan, one of the first things that anyone takes into account is the rate of interest and other fees charged. This is especially true when the loan in question is a medical emergency loan. Money View loans come with highly competitive interest rates as given below.

Fees & Charges Amount to be Paid
Interest Rate on the Loan Starts from as low as 1.33% per month
Loan Processing Charges Starting from 2% and above depending on the amount being availed and other factors
Part/Full Payment of the Loan (Loan Foreclosure)
  • No part payments are allowed
  • For full payment of your loan, you should have paid a minimum of 3 EMIs. Check our FAQ section for more details
Interest on Overdue EMIs 2% per month on the overdue EMI
Cheque Bounce Charges Rs.500/-
Loan Cancellation No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation. Processing fees will also be retained.

The Application Process for a Medical Loan on Money View

The entire process of loan approval and loan disbursement happens online on our website or on our app. Our loan application process is extremely simple which can be completed in just 4 steps as enumerated below.

Check Your Eligibility

Find out the maximum loan amount you’re eligible for on our website or app by checking your eligibility within just 2 minutes

Select Your Plan

Choose a custom loan amount and the repayment period that suits your financial needs

Upload Your Documents

Provide your personal details and upload the necessary documents, all on the app or website

Get the Loan Amount

Get the loan amount disbursed to your account within 24 hours of approval

Medical Emergency loan Related 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 and Financial Institutions
  • Online Private Lenders such as Money View

Money View loans 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 Money View personal loan, salaried applicants must be receiving a monthly income of Rs. 13,500 per month and the amount must be directly credited to their bank account.

Yes, you can. Money View loans are available for all individuals across India.

Here’s the list of documents you will need to apply for a loan on our app or website:

  • Identity Proof – Aadhaar/PAN Card
  • Current Address Proof – If Aadhaar Card doesn’t feature your current address
  • Bank Statement (Salary A/C) – Last 3 months’ statement with salary credits

Yes, self-employed applicants can avail personal loans from Money View as long as they meet the eligibility criteria. Visit the Money View website to complete your eligibility check within two minutes to find out more.