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

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Frequently Asked Questions

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 2nd and 10th of every month.

Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable GST. You would need to provide a 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 GST.

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What do I need to do, in case I want to opt for an ECS mode for making my Installment payments instead of PDC?

You need to do the followings:

  • You would need to sign an ECS Mandate form.
  • One security cheque to be drawn in favor of 'Kotak Mahindra Bank'. This cheque needs to be undated and blank, and at the bottom, it needs to mention 'Not more than the loan amount'.
  • Three security cheques to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank, and at the bottom, it needs to mention 'Not more than the EMI amount'
  • PDC swap charges* will be applicable at Rs. 500/- per instance plus applicable GST.

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How can I get my Statement of Account?

You can download your statement of account for free.

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How can I get my new address updated on my Personal loan?

Please follow the below procedure:

 

  • You would need to call our 24*7 helpline number 1860 266 2666 (local call rates applicable) or visit the nearest Kotak Mahindra bank branch to inform about the change in correspondence address
  • You would need to carry the photocopy and original document of your new address for verification. Some of the address proofs are electricity bill/passport copy/ration card/aadhaar card/utility bill etc
  • The new address will be updated in the bank’s records within 2 working days post submission of the above mentioned documents.

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