We are often unaware of what can happen next, and a medical emergency can crop up anytime. A medical emergency scenario is a frightening experience for anybody, especially for a salaried professional with limited cash resources. The best way to fight this situation is to get a medical emergency loan in Mumbai.

Medical expenses have risen exceptionally, making it difficult to manage funds for the treatment that we have to undergo. Moreover, in case of a serious illness, a medical policy may fall short or not cover the cost of a certain illness. During these times, a medical emergency loan can be the best solution.

Getting a medical loan is convenient in India and requires fewer documents. Just going through the simple steps, you can apply for an online medical EMI and get the funds even on the go.

How to get a medical loan?

Many banks and non-banking financial companies (NBFCs) offer personal loans which can be used for medical purposes. Most people in emergencies don't know how to get a medical loan in India. This article will help you get a loan that you can repay with easy medical EMI.

You also apply for a medical emergency loan in Mumbai online by following the steps below:

Step 1: Log in to the GMoney website

Step 2: Enter your mobile number and share the OTP sent to your mobile.

Step 3: You will be prompted to provide your basic details like name, pan card, etc.

Step 4: Once the KYC is verified, GMoney will approve your loan in only 60 seconds based on your eligibility.

Step 5: Finally, the approval amount is directly transferred to the hospital bank account within 30 minutes.

Documents required for the approval of medical EMI

As collecting various documents during medical emergencies is difficult, GMoney demands very few documents making the overall procedure even simpler. Moreover, there is no need to send your documents in hard copy. You can upload them online, thus saving time further. Documents required include:

• PAN Card
• Aadhar Card
• Bank statement for the last three months
• Your bank account number to help collect the medical EMI directly from your bank account.

Features of a medical emergency loan in Mumbai from GMoney

There are many advantages to applying for financial medical assistance from GMoney. Some of the most significant benefits are listed below:

• GMoney offers 24x7 services, as a medical emergency can happen at any time of the day.
• Instant approval and easy disbursals to help pay your medical bills at the right time.
• No-cost EMIs where you have to repay the principal amount only without any interest.
• You are allowed to use funds to pay for your expenses of any type, including surgeries, IVF treatment, cosmetic surgeries, dental treatment, or any other medical-related expenditure.
• Medical assistance from GMoney comes under unsecured loans, hence you don’t need to provide any collateral as security.
• You can repay in easy EMIs with flexible tenure ranging from three months to eighteen months.
• You can use the funds from GMoney for medical emergencies or your planned surgeries, as and where required.
• You need not submit any medical proof while applying for the loan from GMoney. The funds are directly transferred into the bank account of the hospital you are getting the treatment.

Wrapping up

Medical emergency loans can be a life-saving option, which helps you take care of medical expenses without liquidating your investments. They offer instant access to funds when you require them most and are easy to apply, unlike a home loan or any other loans in India.