Last Updated on November 8, 2020
When it is about our health or that of our loved ones, we do everything to ensure their safety and do our best to provide them the top medical services. But at such stressful moments, it may be difficult to arrange funds at a short notice, particularly if your insurance doesn’t cover all the costs.
With Fullerton India’s personal loan for a medical emergency, you can avail instant funds, so you never have to compromise with the health of loved ones.
A personal loan is a quick and simple way of arranging funds. You can get personal loans up to INR 25 lakhs* and choose the best medical treatment without worrying about the bills.
Benefit of Fullerton India Personal Loan:
Features and benefits you will receive while availing a Fullerton India instant personal loan:
1. Personal loans up to INR 25 lakh
Fullerton India offers instant loans up to INR 25 lakhs*. The amount you are eligible for is controlled by various factors, including your age, net monthly income, existing financial obligations, etc.
2. Flexible and Attractive Interest Rates
Affordable interest rates starting at 11.99%* for salaried and a maximum limit of 36%* for self-employed individuals.
3. Hassle-Free Documentation Process
Our loan procedure is absolutely paperless, only if applied online. You need to submit some documents – no heavy paperwork.
4. Quick Disbursal – Get your requested amount credited to your bank account within 24 hours of approval.
Eligibility Criteria For Medical Loan
- The borrower must be a resident citizen of India,
- You must be from 21 years to 60 years of age.
- For a salaried employee, your income should be at least
- ₹25,000 per month for residents of Delhi and Mumbai
- ₹20,000 per month, for residents in the rest of India
- For self-employed professionals, a minimum yearly profit after tax is applicable instead. This amount depends on the nature of business and industry.
To learn more, please click here, personal loan eligibility.
Personal Loan Eligibility Calculator
It is a free-of-cost and straightforward online tool that makes your borrowing experience a whole lot easier. The personal loan eligibility checker delivers you fast and accurate results and gives you an instant estimate for the eligible personal loan amount based on some criteria. You have to enter the required details into the online calculator, and it helps you estimate the amount you can afford to borrow and repay comfortably.
To calculate your eligibility, click here, personal loan eligibility calculator. Please note that actual eligibility will include other factors too, including Fullerton India’s policy at the time of loan application. However, the calculator can give you a pretty good estimate of what you may expect.
Documents Required For Medical Loan
Documents required for availing a personal loan include:
- PAN Card
- KYC documents include Aadhaar card, driving license, and voter ID card
- Employment proofs
- Salary slips for the last two months (for salaried) or income proof (for self-employed)
- Bank statements for the last 6 months
For more details, check out the documentation for personal loans page.
How to Apply for Medical Emergency Loan
Fullerton understands the sensitivity of such an emergency. This is why they have designed the application process in such a way to be as simple as possible of personal loan for a medical emergency.
To start the application process, below are the steps:
- Click on the “Apply Now”
- Complete OTP verification of your mobile number
- Fill in your personal, financial, and employment information
- Next, select the loan amount and tenure that you need
- Upload documents as requested
- Click on “Submit”
- Under a minute, you will be notified if your application is eligible for further processing. If yes, you will be given a tracking number; used to track your application status online.
- Fullerton’s customer representative will get in touch with you for any additional information or documents.
- Your application and documents will then go through multiple verification checks. If all checks clear, you will be given an offer
- If you accept the given offer, your loan is sanctioned.
- The amount will be disbursed within 24 hours.
You can also apply through Fullerton’s branches by calling customer care. Salaried customers can install Fullerton India’s Instaloan app and finish their application. You can use the Eksperten website if you are searching for a loan in Denmark. Their tools compare top banks interest rates and give you a summary of which borrowing plan would be most financially proper for you.
Fullerton India’s personal loans serve not only medical loans but various purposes ranging from financing a wedding, travel, home repair, child’s education, home repair, or even debt consolidation. Get your personal loan without providing any collateral and with minimal documentation. Fullerton acts as your partner in planned and unplanned expenses. Apply for a personal loan here.