India has an alarming rate of emergencies daily. A study by the Ministry of Home Affairs, the National Crime Records Bureau and the Ministry of Road Transport and Highways found that 300,000 contingencies occurred in India daily in 2007. Out of this, 80% were medical emergencies leading to death within the first hour. 2020 saw the COVID-19 pandemic, which was the worst in US history surpassing the Spanish flu deaths. This was one of the deadliest medical crises and has not yet been officially declared ‘over’ by the WHO.
These facts show that health-related issues are inevitable. Besides these big blows, one may also fall prey to bleeding, heart attacks and strokes that need instant care. The good news is that you can use a fast loan as a medical loan to pay the bills. Here’s how.
Financing for Medical Emergencies
Sudden hospital admission or diagnostics can deplete your resources quickly. It gets even more challenging if you do not have ready funds. But waiting to borrow money or break investments can be time-consuming. Opt for an instant medical loan by downloading an intelligent app on your Android or iOS devices. The entire process is hassle-free and processed quickly, and the lender does not monitor the fund usage.
You can apply for up to ₹4,00,000 in your bank account to spend without hesitation. Choose an EMI option between 90 and 540 days and repay via NEFT or IMPS. This is an excellent way to avoid wasting valuable time and get your loved ones the necessary medical attention. No one ever has to succumb to diseases or miss out on high-end treatment due to the lack of funds.
How to Get the Fund?
A credit score of at least 750 is mandatory to get a loan approved for medical purposes. So, it would help if you always had a good score to access a quick loan anytime. Further, you must be an Indian citizen of at least 18 years of age with a monthly remuneration of ₹15,000 or more. Try to ensure a valid Facebook and LinkedIn account for the SLQ.
Get the app, input the OTP, email ID and bank details, upload the documents and wait for the approval. This is usually processed within a few minutes. So, you might as well do it while on your way to the clinic or standing in the hospital queue. This saves time and gets you the funds right when you require them.
Conclusion
A digital lender can reject your application in case of a low credit score or incorrect or false documents. Therefore, re-check everything thoroughly before applying for a quick loan.