The cost of the health care system in India is high, especially for those who come from economically weaker backgrounds. When there is a requirement for some kind of special treatment, including surgery, the matter gets even worse.

For most Indian families, a medical emergency can drain their financial ability and cause them mental and physical strain. Most of the time people tend to push them into heavy debt by borrowing money to cover the cost of medical emergencies. To address this challenge, a loan for medical treatment can be a better choice. 

Financial Assistance for Medical Emergencies

A medical loan is a form of personal loan which is easy to apply for. You can apply for this loan in times of medical emergencies and the amount obtained can be used to pay medical expenses of all types, including hospital bills, surgery costs, prescription bills, post-care charges, doctor fees, chemotherapy costs, or any other medical-related expenses.

Many non-banking financial institutions like GMoney offer financial assistance for medical emergencies. GMoney has also come up with a unique health card that can be used to convert your total medical cost into easy medical EMI. You can use it in a network of hospitals across India. Health EMI card from GMoney offers a unique payment solution that allows you to pay for your or your family’s medical expenses in easy and no-cost EMIs.

Benefits of Applying for a Loan for Medical Treatment

A medical emergency is like a nightmare, and with a steep rise in the cost of healthcare facilities, it becomes even more troublesome. In addition, there are many restrictions on medical insurance coverage that can lead you towards a financial crunch. In such cases, you can apply for a medical loan from GMoney and can meet the heavy cost of medical treatment.

Some of the most significant benefits of a medical loan are:

• Easy to Apply: Anyone can apply for an emergency medical loan, and requires minimum documentation. You just need to log in to GMoney and share basic details like Pan Card, Aadhar Card, and Income statement. Once your KYC is confirmed, your loan will be approved.
• Freedom to pay for any Ailment: A medical loan does not restrict the type of medical treatment. You are free to use the funds to meet all medical related expenses, including cosmetic surgery, dental treatment, chemotherapy, IVF treatment, or any other surgery.
• Flexible Repayment Tenure: Medical loan from GMoney is simple, and you can repay the amount in easy EMI with flexible tenure. The total loan amount is divided into simple EMIs and can be repaid in monthly installments over a preferred period of your choice. This ensures that your monthly household budget is not disturbed and helps you keep away from an immediate financial strain.
• No need for Collateral: Almost all types of loans require a guarantee, and you need to provide collateral as security. But a medical loan is an unsecured loan and does not require any collateral. You don't need to generate any form of security against the loan, thus freeing you from any stress when you are already facing hard times of medical emergencies.

Financial Assistance from GMoney

Most health insurance policies in India do not cover heart ailments, kidney diseases, cosmetic and dental treatment, and many other ailments. Moreover, if medical insurance covers an illness, there may be several conditions. They may also have a ceiling on the expenses related to treatment, such as bed charges, cost of surgery, doctor's fees, etc. At these times, a medical loan from GMoney helps you meet expenses for your treatment, making you free from the worries of any medical-related cost.