Medical Loan
Medical Loans in 24 Hours* for Urgent Medical Expenses
Cover all medical expenses with LoanTap’s medical emergency loan up to ₹10 lakh with minimal documentation requirement.
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Medical Loan
Medical emergencies can occur at any time and can leave one feeling scared and helpless, making it important to address them immediately. But the lack of funds can create a problem. That’s where emergency medical loans come into the picture! LoanTap offers personal loan for medical emergency up to ₹10 lakh with 24-hour* disbursal because we understand that waiting is not an option. These medical loans can be used for any medical expense, including hospitalization, surgery, and more.
How Can Our Medical Loans Help You?
Our medical personal loans can prove useful in multiple situations where it’s important to get quick access to funds.
Ambulance Fees & Hospitalization
In today’s day and age, ambulance and hospitalization charges can add up to quite a significant amount, often leaving one without adequate financial cover. Our medical emergency loan can be used to pay for ambulance fees and hospitalization charges.
Surgeries & Post-operative Care
Surgeries can be expensive, and the care required after one can add to that expense, leaving one drained emotionally and financially. It can include medication, wound dressing, IV, and more. Medical loans for surgery can help cover all these expenses without the added stress.
Diagnostic Tests
Diagnostic services can be very expensive, especially tests like MRIs, X-rays, etc. Our medical loans ensure that you can get necessary diagnostic tests without financial strain, helping you get timely and accurate health assessments.
Specialized Care
Getting access to specialized medical care is crucial for recovery. Our personal loan for medical expenses provides the financial support needed to avail specialized care without compromise.
Shortfall in Insurance Cover
There may be an instance where your insurance is unable to cover the entire hospital bill, leaving you in a tight spot. Additionally, the unavailability of cashless claims can cause a problem as it can be difficult to come up with liquid funds in a short period. Our emergency medical loan can be useful in such situations.
Features of Medical Emergency Loan from LoanTap
We understand that medical expenses can arise at any time, and in such instances, our loan for medical treatment can provide the much-needed convenience and support.
Quick Disbursement
Given the time-sensitive nature of emergencies, we approve and disburse our medical loans within 24 hours*
100% Digital Application Process
Our medical loan application process is completely digital and takes just a few minutes to complete
High Loan Amount
We offer medical loans between ₹50,000 and ₹10,00,000, providing you with the funds to cover any medical need
Transparent & Secure Processes
Our loan process is completely transparent with no hidden charges & no prepayment penalty after 6 months of disbursal
Minimal Documentation
We only ask for your KYC details, Bank statement, and the latest Salary slip, to keep it quick and simple
Flexible Repayment
We offer loan repayment tenures from 6 months to 60 months, allowing you to choose one that best fits your financial situation
How to Apply for Medical Loan with LoanTap?
You can apply for a loan for medical treatment online through our website or mobile app.
Basic Information
Start the application by filling your basic information, employment and income details.
Documents & KYC
Upload the required documents and complete the KYC process.
Submit Application
Submit your application, and our team will review it. Once approved, you will receive the funds directly into your bank account.
What Our
Customers Say
We continuously strive to provide a
Seamless experience to our customers…
The service provided by Loan Tap is great, everything is seamless and very convenient. Its one of the very best experiences, I’ve had with any loan provider.
You are doing an awesome work as team. Faster service with immediate response is quite amazing. Will recommend to everyone in need, faster documents processing …….Keep up the good work
This is truly awesome service. Associates are very friendly and providing efficient service on time. After documents pickup, within 24 hours net amount was disbursed and that’s what I call efforts reducing service. Thank you LoanTap Team.
Awesome and superfast Service.I have never come across so polite, professional and fast service providers for Loan. I have taken a personal loan and was disbursed within 3-4 hours in my bank account. This was just a superb feeling. Thank you so much LoanTap for a wonderful experience.
Excellent service from all team members. All are supportive. Its different from others NBFCs. Now and in future, LoanTap is my first choice for financial needs.
Basic Eligibility Criteria For Emergency Medical Loans
- Individuals with a minimum monthly income of ₹30,000
- Indian citizens and residents who are at least 23 years old
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Frequently Asked Questions
To apply for a medical loan with LoanTap, you must be over 23 years of age, have a minimum monthly income of ₹30,000 and a credit score over 700.
No. LoanTap offers unsecured medical loans, which means you don’t need to provide any asset as collateral, making it a safe borrowing option.
LoanTap offers medical loans ranging from ₹50,000 to ₹10,00,000, providing you with the necessary funds for any medical expense. However, the final loan amount will depend on your eligibility and further bureau checks.
Our medical loans can be used for a variety of medical expenses, such as surgeries, consultation with specialists, medication, hospitalization, diagnostics, post-treatment care and more.
LoanTap provides medical loans at interest rates up to 26%. However, the interest rate you get will depend on your credit profile and factors like employment status, income, etc.
Absolutely. Our medical loan can not only be used for your own medical expenses but for your dependent’s or other family members’ expenses as well.
To apply for a loan for medical treatment, you must have a valid PAN card, Aadhaar card / Driving license / Passport, salary slips for the last 3 months and Bank statement for the last 6 months.
Understanding the urgency of medical emergencies, we approve and disburse our medical loans within 24 hours*.
Yes, you have the flexibility to make part-prepayments or foreclose your loan free of charge if you do so after 6 months of loan disbursal. However, a nominal fee of 4% will be charged for part-prepayment or foreclosure within the first 6 months.
To apply for medical loan online, visit LoanTap’s website or app, fill out the application, upload your documents and complete your KYC.
To apply for a medical loan with LoanTap, you must have a minimum credit score of 700.
We charge a nominal processing fee of 2-3% on the gross loan amount sanctioned, plus applicable taxes.
