Medical Emergency Loan
- Loan up to ₹35 lakhs | Quick Loan Disbursement | Limited Paperwork | Zero Collateral Required
A medical emergency can drain all your savings and take a toll on your emotional well-being. Arranging funds during such times can also be stressful and challenging.
Tata Capital offers a quick and convenient medical loan, a personal loan for a medical emergency.
The medical loan covers a wide range of procedures, including cosmetic, medical, and dental treatments.
With Tata Capital’s medical loan, you can steer clear of financial duress with competitive interest rates and personalised repayment schemes.
Borrow up to Rs. 35 lakh for surgeries and treatments without worrying about extensive medical bills.
Avail of a hassle-free loan with Tata Capital and focus on the well-being of your loved ones.
Disclaimer: Personal Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
Loan Amount
₹ 40,000 - ₹ 35,00,000
Loan Tenure
Upto 6 years
Interest rate starting @
10.99% p.a
To make your financing experience seamless, Tata Capital offers an easy-to-use personal loan EMI calculator. This digital tool allows you to calculate your monthly EMIs based on the loan amount, interest rate, and tenure of the loan. You simply need to enter the required details, and the calculator will instantly display your monthly EMIs and total payable interest. This easy-to-use tool helps you plan your finances more effectively and choose a loan that best suits your budget and requirements. You can gain complete clarity on your repayment schedule and make informed financial decisions promptly during medical emergencies.
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Tata Capital offers simple eligibility criteria to help you avail of a medical loan quickly. The basic medical loan eligibility criteria include-
The Following are the documents required to apply for a medical loan with Tata Capital-
1. ID proof- Aadhaar Card/ Passport/ Driving License/ Voter ID
2. Income proof- A copy of the last six months of salary credits or primary bank account statements
3. Address proof- Aadhaar Card/ Passport/ Driving License/ Voter ID
4. Salary Slips- A copy of your salary slips for the last two months
5. Employment certificate- A certificate stating continuous employment of one year
| Types of Charges | Amount |
|---|---|
| Interest Rate | Get a medical loan from Tata Capital at an attractive interest rate, starting from 10.99% per annum |
| Processing Fees | Up to 3.5% of the loan amount + GST |
| Part Payment Charges | a) No part prepayment charges shall be applicable on payment of up to 25% of the disbursed loan amount during the entire loan tenure. |
| Foreclosure Charges | Within 12 months of the date of first disbursement- 6.5% of the principal outstanding at the time of foreclosure After 12 months from the date of first disbursement- 4.5% of the principal outstanding at the time of foreclosure |
Quick approval: Get fast loan approval to handle urgent medical expenses without delay. The simple online process ensures immediate access to funds when there is an emergency.
Flexible EMI options: Generally, the loan tenure ranges from 12 to 72 months. Make sure you choose a loan period that gives you a comfortable EMI.
Collateral-free loan: There is no need to pledge any security or assets. The loan is completely unsecured, making it hassle-free and quick to access during emergencies.
Wide loan amount range: You can borrow any amount between Rs. 40,000 and Rs. 35 lakh, depending on your eligibility and financial requirements.
Instant loan disbursement: Once approved, the loan amount is credited directly to your bank account within hours, ensuring timely medical payments.
Eligibility criteria: Before applying for medical loans, check the lender’s requirements regarding age, income, employment stability, and credit score. A good credit profile increases your chances of quick approval and better loan terms.
Interest rates: Interest rates vary for different lenders. Make sure you go for the best one, as even a small rate difference can significantly impact your EMI and overall repayment amount.
Processing fees: Review applicable processing fees or administrative charges of hospital loans before applying. Usually, it is a small percentage of the loan amount, but it affects the overall loan cost.
Repayment terms: Choose a tenure that balances affordable EMIs with timely repayment. Longer tenures lower EMIs but increase total interest payable.
Documentation: For a quick and smooth loan approval process, keep the necessary documents handy.
Instant online approval :You can check your eligibility within minutes by filling out an online form. And post verification, you will get instant medical loan approval.
Flexibility :Borrow when you need money and prepay when you can with our Personal Loan EMI options.
Minimum paperwork : Submit just a few documents with your application and get your medical loan sanctioned instantly.
No collateral: You can count on us during your tough times. No collateral or security is needed for a Medical Loan.
Competitive interest rates: Our Personal Loan Interest Rates are competitive and affordable.
You can use a personal loan for different kinds of medical emergencies. Here are the most common uses of medical loans in India.
Hospital bills: You can use the hospital loan to cover expenses for hospital admission, room charges, medications, and doctor consultations without financial burden.
Surgeries and procedures: The loan helps you manage the costs of major surgeries. These include cardiac operations, joint replacements, or maternity procedures.
Diagnostic tests: A medical loan lets you pay for expensive tests like MRIs, CT scans, and other lab diagnostics often required in private hospitals.
Outpatient treatments: You can use the funds from a loan for medical treatment to pay for regular consultations, minor procedures, or specialist visits without relying on insurance.
Post-surgery care: Use a medical loan to finance recovery expenses such as physiotherapy, medical equipment, or home healthcare support.
Emergency travel and medical assistance: The loan helps you cover transportation costs for patients or family members during emergencies, ensuring timely access to treatment anywhere in India.
You can borrow up to Rs 35,00,000 for a medical emergency. Further, at Tata Capital, we offer flexible tenures ranging from 12 to 72 months. Here are the eligibility criteria.
Age: the applicant should be between the ages of 21 to 58 years or retirement age, whichever is later at the last EMI date
Monthly Income – It must be at least Rs. 15,000 per month
Job Stability – The applicant must have been in the same job for the past six months
Work Experience – The applicant must have a minimum of one year of work experience
Once you know you’re eligible for the medical loan, all you need to do is fill out the online application and submit the necessary documents. Once these are verified, Tata Capital will sanction the loan and disburse the amount directly into your bank account.
At Tata Capital, we understand the urgency of medical loans. And so, we offer instant approval. All you need to do is fill out the online application and submit the necessary documents. Once these are verified, Tata Capital will sanction the loan and disburse the amount directly into your bank account.
This depends on your loan amount, tenure, interest rate, and financial plans. At Tata Capital, we offer flexible tenures ranging from 12 to 72 months and loan amounts starting at Rs. 40,000 and going up to Rs. 35,00,000 so that you can choose the one that suits you best.
Yes, you can utilize a medical loan to pay for a family member’s or dependents’ medical emergency expenses. Tata Capital offers loan amounts starting from Rs. 40,000, going up to Rs. 35,00,000, with flexible tenures ranging from 12 to 72 months.
Here are the eligibility criteria for a medical loan.
Age: the applicant should be between the ages of 21 to 58 years or retirement age, whichever is later, at the last EMI date
Monthly income: It must be at least Rs. 15,000 per month
Job stability: The applicant must have been in the same job for the past six months
Work experience: The applicant must have a minimum of one year of work experience
Yes, you can get a personal loan for a medical emergency even if you have health insurance. Tata Capital offers loan amounts starting from Rs. 40,000, going up to Rs. 35,00,000, with flexible tenures ranging from 12 to 72 months.
Further, here are some advantages of applying for a medical loan with Tata Capital.
Instant approval
Flexible repayment options
Minimal paperwork
No collateral
Penal charges are levied in case you default on repayments for your medical loan. You must then pay your outstanding installments, inclusive of this additional penal charge. Tata Capital levies a penal charge of 3% per month on the overdue amount.
While there are no extra costs levied on a medical loan, Tata Capital does charge a nominal processing fee of up to 3.5% + GST. This is a one-time, non-refundable fee levied for processing your application.
Tata Capital offers flexible loan amounts and tenures to help you find a repayment plan that works best for you. Additionally, you can take advantage of Tata Capital’s personal loan calculator to plan your EMIs as well.
We’ve made sure that getting a Medical Loan is simple and quick. For a swift approval of your application:
You can pre-close or part-prepay your loan by submitting a written request to Tata Capital and paying applicable charges. After verification and payment clearance, your loan account is updated or closed accordingly.
You can pre-close or part-prepay your loan by submitting a written request to Tata Capital and paying applicable charges. After verification and payment clearance, your loan account is updated or closed accordingly.
No, Tata Capital maintains complete transparency. All applicable charges and rates, such as processing fees, pre-payment charges, and late payment penalties, are clearly mentioned in the loan agreement before disbursal.
Generally, Tata Capital medical loans do not require a guarantor if you meet the eligibility and credit score criteria. However, a co-applicant may be needed for securing higher loan amounts or if you have low credit scores.
Currently, Tata Capital medical emergency loans are available only to Indian residents. NRIs or foreigners with Indian income sources may explore eligibility on a case-by-case basis after submitting the necessary documents.
Last updated on: 02 Dec, 2025