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11 MARCH, 2020
A medical emergency can put you in great dilemma. Today, there is a steep rise in cost of quality healthcare. This, coupled with the restrictions on medical insurance coverage can put a strain on your finances. In such case, you can turn to a medical loan. A medical loan is a form of personal loan that you can avail of in the event of a medical emergency. The amount obtained can be used to cover several costs such as hospital bills, surgery costs, prescription bills, chemotherapy costs and any other medical related expenses.
Here are some benefits of getting a medical loan:
Process of getting a medical loan
Medical loans are designed to be hassle-free and disbursed quickly to cover unforeseen medical expenses. The process includes minimal formalities and you can simply apply online. Upon providing the essential documents, your loan will be disbursed within a few days. Most leading banks provide medical loans that range from INR 50,000 to INR 15,00,000.
Read More:Medical Emergency v/s Traditional Health Insurance - Difference Explained!
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