Quick loan approvals
You can get approval for a personal loan within 10 minutes when you apply online with Hero FinCorp.
Personal Loan For Medical Emergency
Loan up to ₹5Lakh
Minimum Salary Required ₹15K
Instant Approval in 10 minutes
Calculate Your Personal Loan EMI
Get Personal Loan For Medical Use Up to 5 Lakh
Health emergencies can come with surprise costs and expenses. These can be in the form of hospital charges, surgery, medication and follow-up appointments with your consulting doctors. If you don't have cash on hand or do not wish to use your savings, a Personal Loan for a medical emergency can give you the money you need instantly. Hero FinCorp offers instant Personal Loans to help pay for these costs without hassle. You can apply for a loan online at any time, from anywhere, using your smartphone and our easy to use and secure app or website.
With a monthly income requirement of Rs 15,000, you can easily avail a loan of up to Rs 5,00,000 online, with instant approval in 10 minutes. You can repay the loan over 12 to 36 months at competitive interest rates starting from 1.58% per month. So, why delay? Apply for a Personal Loan for medical emergency through Hero FinCorp and get the money now.
Features and Benefits of Personal Loan For Medical Use
Before you apply for a personal loan, you must check out the features and benefits of these loans. Here are the key advantages and features of Hero FinCorp’s Personal Loan for medical emergency.
No physical documentation
You do not need to provide physical copies of your document for a Personal Loan at Hero FinCorp.
Flexible repayment option
You can choose a repayment tenure from 12 to 36 for a Personal Loan for medical emergency.
Loan EMI calculator
Our online EMI calculator helps you calculate the EMI of your Personal Loan using your loan amount, tenure and interest rate.
Quick Disbursal
Once approved, the loan gets disbursed to your bank account in no time. You can use the money instantly.
Interest Rates
The Personal Loan interest rate at Hero FinCorp starts at 1.58%* per month.
Eligibility Criteria for Personal Loan for Medical Use
To apply for a personal loan for medical emergency, make sure you meet the eligibility requirements, including your age, monthly income, work experience, and citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
Age
Applicant should be between 21-58 years
Citizenship
You should be a citizen of India.
Work Experience
A minimum of one year of work experience is required for eligibility.
Monthly Income
Applicant should at least earn a minimum amount of Rs.15,000 monthly
List of Documents Required for a Personal Loan for Medical Emergency
At Hero FinCorp, documentation requirements vary for salaried and self-employed applicants. It's advisable to check the required personal loan documents in advance to ensure a smooth and hassle-free application process. Here’s a list of the essential documents you'll need for a Personal Loan for medical expenses.
Documents Required for Salaried Employee
Proof of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
6 Months’ Salary Slips & Bank Statements, Form 16
Job Continuity Proof
Appointment Letter from Current Employer
Proof of Residence
Driving License, Passport, Aadhaar Card, Utility Bill
Additional Documents (Self-Employed Only)
N/A
Documents required for Self Employed
Proof of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
Last 6 Months Bank Statements, ITR for Last 2 Years
Job Continuity Proof
N/A
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Additional Documents (Self-Employed Only)
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Interest Rates & Charges on Personal Loans For Medical Emergency
It’s important to know the loan costs, like the interest rate and processing fees, before applying for an instant Personal Loan for medical emergency. At Hero FinCorp, personal loan interest rates are competitive, and other charges are nominal. Here are the details.
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation |
|
How to Apply for a Personal Loan for Medical Use?
You can apply instant loan online through the Hero FinCorp website or loan app. Here is the stepwise process to apply for a personal loan of up to Rs 5 Lakh for medical use online.
- 1
Visit the Hero FinCorp website or install the Personal Loan app
- 2
Go to the personal loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
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Frequently Asked Questions
The minimum and maximum medical loan amounts depend upon the borrower’s financial need as well as the lender’s terms. With Hero FinCorp, you can get from Rs 50,000 to 5 Lakh.
A Personal Loan for medical emergency is an unsecured loan that provides immediate funds to manage medical expenses.
Yes, you can get a Personal Loan for medical emergency to cope up with the expensive medical bills and other related expenses online through financial institutions, NBFCs and online lending institutions.
Lenders prefer a credit score of 750 or above for a Personal loan for medical emergency. However, some lenders may offer you a loan even with a lower credit score.
The documentation requirement for a Personal Loan for medical emergency is minimal. You only need to provide your KYC details and proof of income when you apply with Hero FinCorp online.
You can apply for a Personal Loan of up to Rs 5 Lakh through the Hero FinCorp website or app.
You should be a citizen of India between 21 and 58 years of age, earning at least Rs 15,000, and relevant work experience (salaried: 6 months; self-employed: 2 years) to apply for a Personal Loan from Hero FinCorp.
You can get approval for a Personal Loan for medical expenses in as little as 10 minutes when you apply through our website or loan app.
No, documentation is necessary for loan application. Some lenders, including Hero FinCorp, do not ask you to provide physical copies of your documents when you apply online.
The Personal Loan interest rate depends on your credit score, debt-to-income ratio and policies of the lender. At Hero FinCorp, the interest rates start from 1.58% per month.
Disclaimer
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.