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Medical Loan

Medical Loan

Medical Loan available online through OMLP2P

What is Medical Loan?

A Medical Loan is provided by a bank or a financial institution like NBFC – P2P under the category of personal loan. It can be availed for various contingency situations related to health or any urgent medical needs such as an operation, surgery procedure, therapy, or for any concerns related to health.

The interest rate for a medical loan is dependent on multiple parameters such as the company you work for, your salary, the city you are present etc. There could be other factors that might differ from one bank to another to get medical loan.

OMLP2P provides medical loan starting at 10.99% interest rate.

Who is eligible for Medical Loan?

  • The borrower must be an Indian citizen and resident of India
  • Should be above 18 years of age and capable of entering into a legal contract as per the Indian Contract Act.
  • Needs to have a valid Bank Account, Aadhaar Card and a valid PAN number.

How much amount?

  • You can get quick loan online for any value between Rs. 25,000/- to Rs. 10,00,000/- (in multiples of Rs. 5,000)

Documents Required for Medical Loan

  • PAN Card
  • Address Proof – Valid Aadhaar Card / Driving License / Voter ID / LPG Bill
  • Passport size photograph
  • For Salaried Person – a) Last three months’ bank statement into which salary is credited b) Form 16 / Last three months’ salary slips
  • For Self-Employed Person – a) Last twelve months’ bank statement b) Last two years’ Income Tax Returns (ITR)

Apply for Medical Loan on and clear out your hospital bills with medical loan from India's leading peer to peer lending platform.

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