Medical Emergency Loan - Get Quick Medical Loan in 2mins* with Kotak Mahindra Bank

Personal Loan for Medical Emergency

A medical emergency is always unpredictable, which means you will require an ample amount of money to manage your medical expenses. Environmental factors and the city lifestyle are primary constituents that affect your health and put you into critical circumstances. The escalating healthcare costs make matters worse. In such an unforeseen medical situation, it is best to take a personal loan for a medical emergency and save up on all your savings.

We realize that it’s extremely stressful for one to focus on their loved one's health while worrying about managing finances. Such emergency situations force you to seek help from your family and friends for financial assistance. But with our personal loan for Medical Emergency (medical loan), you don’t need to do that. We provide you with a personal loan with minimal formalities. A personal loan makes it financially easier to move ahead with your medical treatments.

Kotak’s personal loan for a medical emergency enables you to meet unforeseen expenditures. You can simply apply for a medical loan online, and we will disburse the funds once the proper approval is in place. With our personal loan for a medical emergency, we ensure that you don’t have to wait for funding for optimal care for you or your loved ones.


Features and Benefits of personal loan for medical emergency (medical loan):


Get through any stage of your health journey with our medical loan that can help you cover a wide variety of medical needs. Other benefits of using personal loan for medical emergencies are:

  • Apply for a personal loan online and avail funds instantly for your medical emergencies
  • We offer a personal loan amount ranging from Rs.50,000 up to Rs.20 lakhs      
  • Avail the personal loan amount with minimal paperwork and fast customer service
  • Enjoy quick disbursal of the loan to avoid delays in emergency situations
  • You can use the personal loan amount for any medical emergencies or treatments
  • Get an attractive personal loan interest rate



Find out more about Kotak’s personal loan
and get a step closer to fulfilling your needs.

 

Medical Loan Guide

Ready to take the next step?

icon

Frequently Asked Questions

What can a personal loan be used for?

Personal Loan can help you meet unexpected expenses such as wedding expenditure, school or college fees, dream vacations, home renovation projects or even for the purchase of consumer durables. 

 

Applying for a personal loan is a lot easier, quick, and convenient with Kotak Mahindra Bank.Click https://www.kotak.com/en/personal-banking/loans/personal-loan.html to apply for the same. 

 

Was this information helpful to you? Yes No

Do I need to provide any security or collateral to obtain a personal loan?

No, you do not have to provide any security or collateral to obtain a personal loan. Personal loan is a type of unsecured loan. This essentially means that it is not backed by the guarantee of collateral. You are not burdened by the need to generate collateral like gold, property or shares, as with other types of loans. As there is no security to assure loan repayment, the bank will focus on the income and financial stability of the applicant. 

Was this information helpful to you? Yes No

What are the benefits of taking a personal loan with Kotak?

There are several benefits of availing a personal loan from Kotak bank. Some of the most notable benefits include:

  • prepaymentInstant approval – The bank approves the loan at a quick rate and this makes the process much easier to serve different financial purposes.
  • Easy Documentation – It comes with minimal documentation requirements to help you save time and cater to your emergency financial needs without any hassle.
  • Versatile usage – The personal loan can be used to fulfil many purposes. From funding a dream wedding to serving a medical emergency, it can be used to serve different planned and unplanned financial needs.
  • Attractive interest rate – The personal loan is made more convenient with an attractive rate of interest starting at 10.75 p.a.
  • Part Prepayment facility – In case of excess funds/financial liquidity , you can reduce your loan burden with part prepayment

Was this information helpful to you? Yes No

What is the eligibility criteria to apply for a personal loan?

The eligibility to avail Personal loan is as follows :

  • All Indian residents who are employees of either MNCs, Public and Private limited companies with a minimum age of 21 years and maximum age of 58 years are eligible for a personal loan.
  • Other Personal loan eligibility criteria :
    • Income Net monthly salary of Rs. 20,000/-
    • Minimum educational qualification - Graduate
    • Years in city - Minimum 1 year
    • Total work experience - Minimum 1 years

You can apply for a personal loan by following the below steps:

On Mobile banking

  • Go to Apply Now
  • Personal Loan ( If eligible)

On Net Banking

  • Go to Banking
  • Apply for Preapproved Personal Loan (If eligible)

Or

By simply clicking https://rcasprod.kotak.com/personal-loan?source=website&banner=ProductPageApplyonlineTab

Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.

Was this information helpful to you? Yes No

What is the best way to apply for a personal loan?

You can apply for a personal loan by following the below steps:

 

On Mobile banking

  • Go to Apply Now
  • Personal Loan ( If eligible)

On Net Banking

  • Go to Banking
  • Apply for Preapproved Personal Loan (If eligible)

Or

By simply clicking https://rcasprod.kotak.com/personal-loan?source=website&banner=ProductPageApplyonlineTab.

Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.

Was this information helpful to you? Yes No

People also looked at