Quick approval, minimal documents, and flexible repayment options
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Medical emergencies bring sudden and unpredictable change in a person’s life, which can affect anyone, anytime. A sudden hospitalization or an urgent surgery puts immense financial pressure on families, especially in India. One day you’re managing daily expenses while saving for the future, while minimizing your needs, and the next day a sudden hospital visit or an urgent surgery throws your finances off balance.
For many Indian families, these situations can become stressful, especially when savings are limited or insurance coverage falls short, turning your world upside down, “emotionally and financially.”
In this blog, we’ll explore how to manage unexpected medical costs with a medical loan, giving you financial breathing space when you need it most.
Healthcare costs in India are rising higher than the general inflation rate. According to a report, the average cost of hospitalization in private hospitals can range from 50,000 to over 2,00,000 depending on the treatment and the disease caused. For families in metro cities like, Mumbai, Delhi, or Bangalore, this can put significant pressure on the monthly budgets and may trigger an individual to take out a different loan with higher interest.
In India, the healthcare costs are rising at an annual rate of 14%.
The 23% of people in India are borrowing to pay hospital bills and around 62% are paying the amount out of their own pocket.
Lack in the emergency funds can results in delay in medical treatment negatively affecting health outcomes.
People often face:
This is where a medical loan or an emergency loan becomes a crucial solution without draining your savings or forcing you to navigate through new potholes.
A medical loan is a type of loan that is designed to manage unexpected medical costs within no time, from hospital bills, surgeries, medications, and other treatment related expenses. These loans provide quick access to funds for planned or sudden hospitalization emergencies, without disturbing your monthly budget or your savings. Unlike personal loans medical loans often come with flexible repayment options, minimal documentation, and quick approval to help individuals and families manage costs ensuring peace of mind.
A medical loan is specifically designed to cover healthcare costs such as- hospital bills, surgeries, or other specialized treatments. Unlike personal loans, medical loans often come with lower interest rates and flexible repayment options that are more manageable for Indian households. Benefits of Choosing an Instalment Express Medical Loan:
Get the overall estimated cost of the treatment including hospital bills, medications, lab tests, and post-treatment expenses. And the amount covered by your health insurance company. This helps you determine the exact loan amount required.
Before proceeding to take a medical loan, make sure that you are researching and comparing the loan from the other lenders too. Look for reputable lenders offering a quick approvals for such emergency situations with minimal documentation. In India Instalment Express provides hassle-free loans without checking your CIBIL score.
You are supposed to have the basic essential documents for a medical loan, to avail the benefit faster.
With Instalment Express, you can apply online for a quick loan and your application will be approved once the documents are verified. The loan amount is disbursed immediately and gets directly credited into your bank account just within 48 hours. No delay in treatment observed.
Use EMI calculators provided by lenders to decide a repayment schedule that fits your budget. Flexible repayment plans reduce financial stress while ensuring timely medical care.
As emergencies don’t knock before entering, they arrive unexpectedly.
Viraj faced the same scenario, his father needed urgent cardiac surgery, and savings were insufficient. With some research he applied for a medical loan through Instalment Express. He secured around 2.5 lakh within 24 hours, this helped him to save his father with timely medical treatment.
This emergency loan amount came with an flexible repayment option which allowed him to manage EMIs comfortably without affecting his monthly expenses.
AWhile considering a medical loan proactive planning is crucial, which help in reduce stress.
At Instalment Express, we help every individual looking out for a medical loan in India. Our services are designed to make healthcare financing seamless:
Managing emergency bills doesn’t have to be stressful, the right medical loan help you solve your every medical emergency issue while focusing on what matters, ‘health and recovery’.
With a trusted medical loan, every Indian family can access to this quick funds and manage hospital bills without stress.
If you are looking for medical loan to manage emergency bills with confidence. Apply now with Instalment Express to secure fast and flexible medical financing within 48 hours.
Instalment Express– Your Healthcare Financing Solution.
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