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Eligibility criteria to apply for a Personal Loan for Medical Emergency
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Below is the Personal Loan for Medical Emergency list of documents. No Documents for Pre-approved Personal Loan.
More about the Personal Loan for Medical Emergency
Medical emergencies do not come with a warning. At difficult times like these, HDFC Bank lends a helping hand in the form of Personal Loan for medical emergency. The loan can be used to finance sudden, unforeseen expenses. You can use the money to deal with any kind of personal emergency, be it medical bills, cash crunch during ilness or anything else that may necessitate additional funds. With a Personal Loan from HDFC Bank, you can tackle any sudden expense without having to let go of your existing assets or investments. A Medical Emergency Loan from HDFC Bank comes with quick disbursal, flexible tenure, easy repayments and minimal documentation.
A Medical Emergency Loan from HDFC Bank comes with various benefits like no end-use restrictions, and speedy approval. Apart from this, considerable loan amounts up to ₹40 lakh, can help you meet an emergency requirement.
You can apply for a Loan via:
Step 1 – Choose your occupation
Step 2 - Provide & validate your Phone Number & Date of Birth/PAN
Step 3- Choose Loan amount
Step 4- Submit & Receive funds*
*In certain cases, uploading documents and completing video KYC might be required.
Frequently Asked Questions
To be eligible for a medical emergency loan, salaried individuals must work with private limited companies or public sector undertakings, be aged 21-60, and have at least 2 years of employment, including 1 year with their current employer. Self-employed individuals must meet a specified minimum income requirement and may need to provide financial documents to demonstrate income stability. HDFC Bank Salary Account holders need a minimum net monthly income of ₹25,000.
The tenure for Medical Emergency Loan by HDFC Bank is 12 months to 60 months.
To apply for the HDFC Medical Emergency Loan, applicants must have a CIBIL score above 750. They should also have a consistent record of on-time payments for their current financial commitments. Additionally, applicants must demonstrate the financial capacity to manage the new EMI alongside their existing loans and credit card payments.
A Personal Loan taken to meet urgent financial needs, in the event of any personal emergency, is called an Emergency Loan.
You can visit HDFC Bank’s official website to apply for a Personal Loan for emergency.
Additionally, you can use the bank’s NetBanking facility and mobile banking app to do the same. You can also visit any HDFC Bank branch to apply for an Emergency Loan.
Please refer to ‘Eligibility Criteria’ section for more info.
A personal emergency loan can be used to finance any emergency financial need. You can use it to pay sudden medical bills, education costs or even to plan travel or weddings.
Personal Loans are an attractive option in a medical emergency because you can get funds instantly. HDFC Bank disburses funds within 10 seconds* to existing customers who are pre-approved, and within 4 hours* for non-HDFC Bank customers. (*Terms & conditions apply. Loan disbursal at sole discretion of HDFC Bank Ltd)
You can avail of a Personal Loan of up to ₹40 lakh to deal with emergency expenses.
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