Medical Loans: Personal Loan for Medical Emergency in India

Why Should You Take A Medical Emergency Loan from Money View

Flexible Amount and Repayment Term

You can choose a loan amount from Rs. 5,000 to Rs.5,00,000 and a repayment period of up to 5 years based on your eligibility

Quick Disbursement

In the case of emergencies, getting financial assistance as quickly as possible is important. Money View comes through by disbursing the loan within just 24 hours of application approval

No Security or Collateral

Money View doesn’t ask you to pledge any security or collateral which means that the disbursal time is quicker

Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

100% Digital Process

From application to disbursement, everything is done online which makes the process quick and convenient

Apply from Anywhere

Because of the digital process, you can apply for a personal loan from anywhere in India

Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.

Instant Eligibility Check

You can check your medical emergency loan eligibility in just 2 minutes

Eligibility Criteria for Medical Emergency Loan

Here is the eligibility criteria to fulfill if you need an emergency medical loan -

You have to be between 21 years and 57 years old

You must receive a minimum monthly income of Rs. 13,500 or more

This income must be credited directly to your bank account

Your credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

Given below is a city-wise breakdown of the income and credit score requirement -

Income and Credit Score Eligibility Criteria
Salaried Individuals	Minimum In-Hand Income	Area of Residence	CIBIL Credit Score Requirement
	Rs 13,500	Any	CIBIL Score of 600 /Experian Score of 650 and above
	Rs 20,000	Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)	New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
	Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

What Are the Documents Needed for a Medical Emergency Loan?

Money View requires a maximum of 3 documents from you to process your loan. These are -

Identity Proof	Address Proof	Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

How to Get Money View Instant Medical Emergency Loan

Check Eligibility

Visit the Money View website or download the app . Provide the required details and we will let you know your eligibility in just 2 minutes

Choose Your Loan Plan

You will have to choose the loan amount and tenure offered to your based on your eligibility

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 loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

Frequently Asked Questions (FAQs)

1. What is A Medical Loan?

Ans: 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.

2. Where Can You Get Personal Loans For Medical Emergencies?

Ans: 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

3. If I Am In Urgent Need Of Funds, Can I Get A Personal Loan From Money View Without Providing Collateral?

Ans: 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.

4. What Is The Minimum Income Requirement To Avail A Personal Loan From Money View?

Ans: 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.

5. What Are The Documents Needed To Receive A Medical Loan From Money View?

Ans: 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

6. I Stay In Madurai, Tami Nadu. Can I Still Get A Loan From Money View For Medical Emergencies?

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

7. Can Self-Employed Individuals Apply For A Money View Loan?

Ans: 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.

8. What are the Money View medical emergency loan fees and charges?

Ans: Money View loan fees and charges is quite competitive. These include -

Fees and Charges	Amount Chargeable
Interest Rate	Starting from 1.33% per month
Loan Processing Charges	Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs	2% per month on the overdue EMI/Principal loan amount
Cheque Bounce	Rs.500/- each time
Loan Cancellation	No additional charges levied The interest amount for the period between loan disbursement and loan cancellation will be payable. Processing fees will also be retained.

9. My credit score is 690. Can I get a medical emergency loan for low credit score?

Ans: Money View 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 from us. However, your minimum CIBIL score must be 600 and minimum Experian score must be 650.

10. How can I track my personal loan application status?

Ans: Once you have submitted an application, you can track your application status on our app or website by following the steps below -

A) If you’ve applied on our website

Go to the login section on the website by clicking here: /apply-loan/signup
Login into your loan account with your registered email ID
Go to the ‘Dashboard’ section of your loan account
Scroll down to the ‘Application Status’ tab to know the status of your loan application

B) If you’ve applied on the Money View app

Open the Money View app
Register yourself with a valid email ID if you haven’t done it yet
Head over to the ‘Loans’ section
You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details
If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it

11. What is the highest amount that Money View provides for medical emergencies?

Ans: At Money View, you can avail a loan amount between Rs. 5,000 to Rs. 5,00,000 based on your income and eligibility criteria.

Medical loans

Apply for Personal Loans of upto Rs. 5 lakhs that can be used for medical emergencies anywhere in India

Why Should You Take A Medical Emergency Loan from Money View

Eligibility Criteria for Medical Emergency Loan

What Are the Documents Needed for a Medical Emergency Loan?

How to Get Money View Instant Medical Emergency Loan

Loan EMI Calculators

Calculate Your EMI

Conclusion

Frequently Asked Questions (FAQs)

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