Medical Emergency? Wait No More & Apply for a Medical Loan in 3 Easy Steps from Kotak Bank!

Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.
Know More
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
15 DECEMBER, 2021
Medical emergencies are always unpredictable. We cannot prepare for them in advance. And, with the current cost of medical treatments, it is typically challenging to pay for all of them through your savings. At such crucial times, a medical loan can be of a great help. A medical loan can meet your urgent financial needs without depleting your savings or investments.
Here are three easy steps to apply for a medical loan from Kotak Mahindra Bank. Read on.
What Is a Medical Loan?
A medical loan is an unsecured loan that you can avail from a bank or financial institution. The lenders charge a certain personal loan interest rate after checking your eligibility. You need not furnish any collateral to avail a personal loan for a medical emergency. You can repay the medical loan through flexible tenures as per your financial viability.
How to Apply for a Medical Loan in Three Steps?
You can apply for a medical loan following the below three steps:
Fill the Application Form
Choose tenure and amount
Now enter the loan amount and tenure in the space provided. You must choose the amount after calculating all your medical expenses. Take into consideration the cost of medicines, surgeries and post-surgery therapy if needed. You must ensure to borrow the right amount. If you borrow more than what is required, it can be a burden on your finances. Similarly, if the loan amount is insufficient, you could have to borrow again, which can be a time-consuming and tedious process.
Similarly, choose the tenure carefully. Though long tenure reduces your EMI amount, it can increase the cost of borrowing. You can opt for a short tenure if you can afford a high EMI. You can use a personal loan EMI calculator to check your affordability and choose a perfect tenure for you.
Submit the documents
You must ensure to furnish updated documents with the application form. You would need to give your identity proof, address proof, income and employment proof. You will get the loan approval after your documents are verified. You must ensure to submit the complete and updated documents.
Facing a medical emergency can drain you mentally. However, let it not exhaust your savings and create more worries. With a medical loan, you can easily fund all the expenses of hospitals, medicines and therapies. Moreover, you can comfortably repay the amount as per your financial comfort. So, what are you waiting for? Visit the loan section and apply for a medical loan today.
You have already rated this article
OK