IndusInd Bank Medical Loan

Life can be unpredictable. It’s also common to find yourself in urgent need of cash to cover unexpected medical expenses. However, handling such situations can be both a hassle and emotionally burdensome. This is where the IndusInd Bank medical loan comes in, offering a quick and simple credit option. The bank ensures that you can ideally secure the necessary funds within the same business day or the next. The digital application process allows you to apply for and receive the loan amount online, eliminating the need to visit bank branches and submit physical documents. Moreover, IndusInd Bank offers competitive interest rates, flexible repayment options, moderate eligibility criteria, and minimal documentation, further enhancing the appeal of this handy personal finance product. Continue scrolling down to learn more.

Features and Benefits of IndusInd Bank Medical Loan

Here are the applicable features and benefits of an IndusInd Bank medical loan: 

• Collateral-free credit option 
• Competitive Interest rates
• Flexible repayment options
• The online application process
• Quick fund disbursement

What Are the Interest Rates for Medical Loans?

Let’s examine the interest rate and other key factors of an IndusInd Bank medical emergency loan:

Why Choose IndusInd Bank for Medical Loans?

An instant medical loan from IndusInd Bank can be availed of for various purposes, such as:

• Paying for unexpected medical bills or procedures that are not covered by insurance.
• Financing cosmetic procedures, dental work, or prescription drugs.
• Buying medical equipment for personal or professional use.

Personal Loan for Medical Fees & Charges

The following are the associated fees and charges for an IndusInd Bank medical loan:

Tips for Getting an IndusInd Bank Medical Loan

Here are the tips you can consider for getting an IndusInd Bank medical emergency loan faster:

• Maintain a good credit score.
• Pay off your existing debts.
• Apply for the right/eligible loan amount.
• Submit complete and clear documents.
• Present all your income sources.
• Affix co-applicant.
• Opt for an online application.

Who Is Eligible for an IndusInd Bank Travel Loan

Medical loan eligibility at IndusInd Bank is as follows: 

• The applicant must be aged between 21 and 60 years old. 
• The applicant must have a minimum income of ₹25000 per month.
• The applicant must have at least 2 years of work experience, with a minimum of one year spent at their current organisation.
• The applicant must have lived in their current residence for a minimum of one year if it is rented.

Documents Required for Medical Loan Application

The documents required for a medical loan from IndusInd Bank are as follows: 

• Proof of Identity: PAN card, Driving license, Passport, or Aadhaar card.  
• Proof of Address: Utility bills, ration card, or Voter’s ID.
• Proof of Income: Salary slip for the last 3 months and Form 16/ITR for the past 3 years.
• Additional Documents: Bank statements from the past 3 months showing your salary credits, and an application form with a photograph.

What Are the Things to Consider While Taking a Medical Loan?

Here are the factors you might keep in mind when taking an instant medical loan from IndusInd Bank:

• Assess your financial situation.
• Plan your repayment strategy.
• Review the eligibility criteria.
• Understand interest rates and fees.
• Check customer feedback.
• Compare various credit options at IndusInd Bank.

How to Apply for a Medical Loan?

You can apply for an IndusInd Bank medical loan by following these simple steps given below: 

• Visit the official website of Urban Money.
• Click on the “Loan” option, and then select “Personal Loan” from the horizontal menu bar on the home screen.
• You will be directed to a new page titled “Personal Loan.”
• Locate “IndusInd Bank” as you scroll down and click on the “Enquire Now” button.
• A short digital form will appear on your screen where you need to enter your name, mobile number, and city.
• A 6-digit OTP will be sent to your mobile number.
• Add the OTP and tap the “Submit” button.
• Our dedicated loan specialist will reach out to you within a day regarding IndusInd Bank and guide you until the loan amount is credited to your bank account.