What is an Medical Loan? Learn all about Medical Loan Online

WHICH EMI OPTION IS SUITABLE FOR YOU?

You can repay your Medical Loan in easy monthly instalments.

KNOW MORE ABOUT EMI OPTIONS

Standard EMI Plan

Standard EMI Plan allows you to pay the principal amount along with the interest consistently for your defined period.

EMI amount remains the same for the entire loan period

Ideal if

You have a regular income

Step Up Flexi EMI Plan

Step Up Flexi EMI Plan offers great flexibility. This Medical Loan repayment option allows you to pay lower EMIs in the beginning and as your salary increases, you pay higher EMIs.

Pay more when you can afford
Helps to manage income flow efficiently

Ideal if

You expect your income to increase at regular intervals

Getting Started

What is a Medical Loan?

A Medical Loan is a type of Personal Loan which can be used to cover a wide range of treatments. Whether it is providing the best healthcare for your loved ones or you need funds for coping with injury or need urgent medical procedures, a Medical loan is just what you need in such a situation.

What are the current interest rates on Medical Loans?

The Medical Loan interest rate depends on factors such as the loan amount, the organization you are working for, the range of your salary, and the city you are living.

What are the mandatory documents needed for a Medical Loan?

We ask for bare minimum documents for a Medical Loan. Please check Medical Loan Eligibility & Documents required for more details.

Why should I take a Medical Loan from Tata Capital?

Tata Capital offers Medical Loans to take the stress out of emergency situations. We offer simple, flexible repayment plans to suit your budget and lifestyle.

We provide:

Competitive Rates

• Competitive interest rates and faster approval of the loan amount enable you to address your personal medical emergencies.

Broad Range of Treatments

• We help you obtain a Personal Loan for any type of operation or procedure which includes injury, cosmetic, surgery, dental & laser procedures.

Flexible Repayment Options

• Easy repayment of loan through Flexi EMI options

Can I get a TATA Capital loan in my city?

Yes, you can apply for Personal Loan for Medical Emergency in any of the major cities in India including Mumbai, Pune, Bangalore, Chennai, Noida, New Delhi and Vizag. You can also apply for a Medical Loan online.

Eligibility

What are the eligibility criteria for a Medical Loan?

To apply for Medical Loan you need to be 22 years of age or older, a permanent Indian resident and in regular paid employment. Please find out more about Medical Loan Eligibility and Documents required for further details.

Can I get a Medical Loan with a low CIBIL score?

It is important to have a good CIBIL score. However, this should not stop you from applying for a Medical Loan. Approval of Medical Loans depends on your ability to repay.

Will I get a loan with a low CIBIL score?

If you need a Medical Loan and have a low CIBIL score, you have the option to take a joint loan with your spouse or parent. However, approval of Medical Loans depends on your ability to repay.

How does credit report impact Medical Loan approval process?

A credit report provides details on your financial status and your ability to repay a Medical Loan. This helps us evaluate your financial history. A good credit report with a score of 750 will help you take a loan easily.

Loan Amount and Tenure

What is the maximum amount I can get for a Medical Loan?

The maximum amount you can borrow through a Medical Loan depends on your eligibility. However, you can take up to ₹ 25 lakhs.

How much time will I get to repay a Medical Loan?

You can take up to 72 months to repay a Medical Loan.

Know How It Works

How to apply for a Medical Loan?

Protecting your loved ones is now easy. Just complete a simple form that takes less than 10 minutes and upload the necessary documents. Your medical loan will be approved within just days.

Online

We are with you any time of the day. We are digital completely.

Phone

Our customer support team is more than happy to help you, always.

Branch

Walk into any of our nearest branch from to apply for a Medical Loan.

About Medical Loan

Features and Advantages

Eligibility and Documentation

Checking your Eligibility

Calculators

Why Choose Us

About Medical Loan

Tata Capital Medical Loan will take the weight off your shoulders with competitive interest rates and repayment schemes tailored to suit your needs. You can get cash up to ₹ 25 lakhs quickly and avail the best medical treatment for your loved ones or yourself without worrying about the medical bills.

How can you take a Medical Loan?

We have made the process of getting a Medical Loan really easy. You just have to follow these four easy steps:

Check your medical loan eligibility online
Select your medical loan amount and period
Submit your application
Get your money

Apply Online

What are the basic requirements in getting your Medical Loan approved?

We’ve made sure that getting a Medical Loan is simple and quick. For a swift approval:

Keep your personal details handy including your PAN number, Aadhaar Number, CIBIL score
Provide copies of your payslips, address proof and bank statements

Find out more about Eligibility and Documents for more details.

Four reasons why the Medical Loan is the right choice for you

Time is of the essence

During a medical emergency, there is no time to run around looking for additional money. At Tata Capital, we want to make sure you have money when you need it the most. Our process is simple and fast, and we will release the funds as soon as possible.

Your medical insurance does not cover the condition

Even those with medical insurance sometimes struggle to meet the costs of their healthcare treatment. It is also possible that your medical condition is not covered by your insurance plan. During such trying moments, the Tata Capital Medical Loan will have you covered.

Customise how you repay the loan

We understand the stress a family goes through during a medical crisis. This is not the time to worry about costs. With our flexi EMI options, you can choose how you repay the medical loan amount in accordance with your convenience. We put you first.

Very little paperwork

We are not going to make you run around from department to department in order to raise funds during your time of need. We require basic documentation and you’re set.

Features and Advantages

By choosing our Medical Loans you will benefit from great features that allow you to enjoy flexibility and comfort at your fingertips.

Instant online approval

You can check your eligibility within minutes by filling an online personal loan form. And post verification you will get an instant approval.

Flexibility

Borrow when you need money and prepay when you can with our Flexi EMI plans.

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 needed for a Medical Loan.

Competitive interest rates

Our medical loan interest rates are competitive and affordable; we offer rates and plans that benefit you the most.

What does the Medical Loan cover?

Our Medical Loan is all-encompassing. We cover everything from surgeries to therapy. The approval of the loan and the amount does depend on your income.

Interest Rates

Our interest rates that start at 10.99% are competitive amongst the other players in the industry. However, it depends on loan eligibility, income, whether salaried and other criteria to determine the interest rates for the loan offered.

How much EMI do you need to pay?

Equated Monthly Instalment depends on the loan amount, the interest rate charged and the period for which the loan is taken. We provide Medical Loans with loan tenure up to 72 months.

You can choose your EMI amount that is comfortable for you by using the Medical Loan EMI calculator.

How can you repay a Medical Loan?

You can decide how you want to repay the loan. For a fixed amount of loan and interest, you can choose the tenure and EMI that is comfortable for you. The longer the tenure, lower will be the EMI. You can also prepay your loan after meeting defined terms and conditions.

You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.

Eligibility and Documentation

You are eligible for a Medical Loan if you are a salaried person, aged 21-58 years, with one year of work experience and should have been with the present organization for six months at least. You should also be earning a minimum salary of ₹ 20,000 per month.

Documentation

These are the documents you will need to submit:

The documents required to establish your credentials (Voter ID, Aadhaar Card, Ration Card, Driving License –any one).
Proof of identity and proof of residence
Salary slips, documents relevant to your salary

Find out more about Eligibility and Documents for more details.

Checking your Eligibility

You have to meet some basic conditions in order to get a Medical Loan. At Tata Capital, we offer loan with minimal paperwork, reasonable interest rate and flexi EMI plans.

What’s the maximum amount of Medical Loan you can get?

The maximum amount of a Medical Loan depends on your income. You need to have a minimum income of ₹ 20,000 per month. You would be eligible for a maximum loan of ₹ 25,00,000.

Calculators

What is a Medical Loan EMI Calculator?

The Medical Loan EMI calculator helps you to understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a course of time to repay your personal loan for medical emergency. With the help of EMI calculator, you can plan your monthly instalments and pay off the loan with ease.

What does a Medical Loan EMI Stand for?

Equated Monthly Instalments (EMI) give you the convenience of paying back the Personal Loan amount in smaller instalments. The instalment consists of both the principal and interest amount.

How to calculate your Medical Loan EMI using a calculator?

Enter the following information to calculate your EMI:

Medical Loan Amount (the loan amount you wish to get) Interest Rate (Tata Capital Medical Loan interest rate begins at 10.99%)
Loan Tenure (Tata Capital offers 12 - 72 months of time)
Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
If the Medical Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

The 3 Hows of deciding the right EMI

How soon do you want to pay off the personal loan for medical emergency?
How much can you afford to pay in a month?
How much of an interest rate are you comfortable with?

Why Choose Us

7 reasons why you should choose us

We care about you

We offer Medical Loans to help you meet your fund requirements without bothering you with too many formalities other than the statutory requirements as prescribed by law.

We offer attractive Medical Loan Interest Rates

Our Medical Loan interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay.

We’re flexible

Our Medical Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.

We’re not going to bother you about collateral

No collateral? No problem. We don’t want you to give any security to cover the Medical Loan.

We are not going to make you run around

We only ask for minimal documentation to process your application. We just need some mandatory information like your income details and the purpose of the loan.

We provide tailor-made loans

Our personalized approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all.

We’ve been in the industry for a long time

This means we understand your needs and we will tailor our services to suit your needs. If you look good, we look good too.

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Medical Loan

Here for you, when it matters the most

Information About Medical Loan

WHICH EMI OPTION IS SUITABLE FOR YOU?

About Medical Loan

How can you take a Medical Loan?

What are the basic requirements in getting your Medical Loan approved?

Four reasons why the Medical Loan is the right choice for you

Features and Advantages

Instant online approval

Flexibility

Minimum Paperwork

No Collateral

Competitive interest rates

What does the Medical Loan cover?

Interest Rates

How much EMI do you need to pay?

How can you repay a Medical Loan?

Eligibility and Documentation

Documentation

Checking your Eligibility

What’s the maximum amount of Medical Loan you can get?

Calculators

What is a Medical Loan EMI Calculator?

What does a Medical Loan EMI Stand for?

How to calculate your Medical Loan EMI using a calculator?

The 3 Hows of deciding the right EMI

Why Choose Us

We care about you

We offer attractive Medical Loan Interest Rates

We’re flexible

We’re not going to bother you about collateral

We are not going to make you run around

We provide tailor-made loans

We’ve been in the industry for a long time

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