A sudden medical situation can even increase the carefully laid -out financial plans. Although a comprehensive health insurance policy can help navigate such scenarios, a loan with no cost EMIs (equivalent monthly payments) can be useful if you are not insured. A number of digital lending platforms now offer zero-interest EMIs for medical costs. Here is a guide on the cost of cost/low-cost/low-cost loans provided by borrowers, their functions, suitability and more. Bajaj Finserv Health Bajaj Finserv offers no-cost EMI medical loans with flexible repayment options for up to £ 4 Lakh. These loans cover a wide range of procedures, including bariatric, cosmetic and dental surgeries, and can be used for treatments used at more than 1200 hospitals across the country. Suitability: Any Indian citizen who is 23-60 years old (salary) and 65 years old (independent) and a regular source of income can apply for a health loan using Bajaj’s ‘Health EMI’ facility. Required documents: You must provide documents for identity voucher (Aadhar card or equivalent). In addition, you must provide revenue resistant (salary slip, bank statement, etc.). Existing customers must only provide ‘proof of income’ documents. Fibe Fibe is one of the largest digital lending platforms that are eligible for immediate credit. Fibe also offers low -cost EMIs to healthcare loans that can rise to £ 10 lakh. It is not necessary to pay prepayment or installment for the loan. You can repay the amount to 36 months within three months. There are no negative costs, and you can close your loan at any time without fine. Suitability: You must be between 19 and 60 years old and a resident of India. A minimum monthly income of £ 15000 is required. Documents require a selfie: a clear picture of yourself with a proper lighting resistant of identity: Passport/Aadhaar -card/Pan -card/driver’s license certificate of address: Passport/lease agreement/utility accounts/voter -id -id revenue: bank statement/salary slip of the last three months Fibe also offers dental loans in the health care in a health care in a healthcare Dental. Fibe and Laxmi-dental offerings of £ 15000- £ 5 Lakh to repay the costs incurred for dental procedures in the EMIs of zero interest. Laxmi dental, which offers end-to-end dental products and digital dentistry solutions, has a network of about 22000 dentists across the country arogya mitra arogya mitra, a startup managed by healthcare that aims to provide quality medical services Underprivileged communities in rural and urban areas, provides zero-cost medical loans of up to ₹ 5 lakh repayable in flexible tenures ranging from three months to 12 months. Suitability: You must be between 18 and 65 years old, be a resident of India and have a minimum salary of £ 15000. You must be independent or a salary-proof documents needed to prove identity voucher: PAN-CARD/AADHAR-CARD ADDRESS PROOF: Utility Account, Passport, Rental Agreement, Sales Bank Statement of the past 6 months, which exists the salary credit business: Shop and Registration Certificate/GST Registration/Property Documents/Electricity Bill Hexahehealth is a ‘HealthTech’ platform that offers medical loans for Uers. The minimum expenses covered by Medical Loans by Hexahealth depend on your loan arrangement, income, credit history and other factors eligible: You must be 18-65 years old and be a resident of India. You must have a salary of at least £ 15000. Loans are offered to independent or salary staff with a minimum credit rating of 700. The fee varies with each money shooter, but is usually between 1.5% and 4% of the loan amount. While digital lending platforms offer no cost or low-cost EMIs on medical loans, banks and NBFCs (non-banking financing companies) offer it by charging a regular interest rate. The interest rate will be very similar to an unsecured loan, such as a personal loan. Allirajan M is a journalist with more than two decades of experience. He works with various leading media organizations in the country and has been writing mutual funds for almost 16 years. Visit here for all personal finance updates. Disclaimer: Mint has a fusion with fintechs to provide credit; You must share your information if you apply. These bonds do not affect our editorial content. This article only intends to educate and distribute awareness about credit needs such as loans, credit cards and credit values. Mint does not promote or encourage credit because it comes with a set of risks, such as high interest rates, hidden costs, etc. We advise investors to discuss with certified experts before taking credit.
Medical loans with low -cost EMIS: Compare Bajaj Finserv, Fibe, Arogya Mitra and Hexahealth
