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 unforeseen medical situation, it is best to take a personal loan 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 loans), you don’t need to do that. We provide you 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 medical emergency enables you to meet unforeseen expenditures. You can simply apply online, and get an unsecured personal loan on the submission of necessary documents. The process of personal loan for medical emergency is simple and fast, and we will disburse the funds once the proper approval is in place. Our personal loan for medical emergency (emergency loans) ensures that you receive your money in a satisfactory and hassle-free manner.


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


A personal loan is a potential way to take the holiday you have been dreaming of without having to spend a lot of time building up your savings. Other benefits of using a personal loan for travel are:

  • Apply for a personal loan online and avail funds for your medical emergencies
  • We offer a personal loan amount ranging from Rs.50,000 up to Rs.15 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.

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Frequently Asked Questions

How can I reschedule or postpone my EMI?

Rescheduling or postponement of EMI is not possible on your personal loan account.

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When can I foreclose the Personal loan? What is the procedure for full prepayment?

Following are the procedures:

  • We do not allow prepayments for a period of 12 months from the date of your first EMI. 30 days foreclosure intimation period is mandatory.
  • You need to inform us in writing or via email about your request for full prepayment.
  • Once your intimation period is complete, the foreclosure statement of your loan will be issued to you from our end.
  • You need to submit this full prepayment cheque at our branch at least 7 working days before your next EMI date.
  • You can make the foreclosure payment either via DD/cheque/cash, cheque or DD in favor of "Kotak Mahindra Bank " after the intimation period is over.
  • Once your foreclosure cheque is cleared your loan closure will happen in the banks records.
  • We will send the No Objection Certificate (NOC) and the balance Post Dated Cheques (if any) to your correspondence address within 15 working days post termination of your loan account.
  • After the 12 + 1 month intimation period, the foreclosure charges applicable would be 5% + service tax on principal outstanding.

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What is the procedure for personal loan part prepayment?

We do not offer a part prepayment facility on your personal loan account.

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Is it possible to change my personal loan Installment date? Are there any charges applicable?

Yes, it is possible to change the Installment date. The dates are available between 5th and 10th of every month.

Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable service tax. You would need to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre/7 working days post the EMI date.

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When can I swap my PDC's and what are the charges?

PDC's need to be swapped at least 7 working days pre/7 working days post the Installment date.

 Charges* applicable would be Rs.500/- per instance plus applicable service tax.

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