Medical Loan
Medical emergencies can be extremely frightening, especially if you are unprepared! While many people have started investing in medical insurance, a large number of people are still uncovered, especially for emergencies. And at times, even insurance will not cover certain medical expenses.
Freo Medical Loan Features & Benefits
Get approved in real-time for a line of credit of up to ₹ 5 Lakh.
Take ₹ 3,000 or as high as your approved limit depending on what you need to spend on.
Use funds when needed and pay interest on what you use.
An option of swiping the credit card that has a 100% cash withdrawal while you get rewards.
Flexible EMIs between 2 months to 36 months that you can choose from
Required documents include a valid ID proof and an accepted proof of residence.
Eligibility Criteria
Must be a full-time salaried employee with a minimum take-home salary of ₹30,000/month
or
Must be a self-employed professional with an income of at least ₹30,000/month.
(Only certain professionals like doctors, lawyers, or business owners qualify)
Must be above 23 years and below 55 years of age
Must be a resident of one of the following cities:
Required Documents
Pan Card Number
Professional Selfie
To be taken on the Freo App
Address Proof
Valid Driving License / Valid Passport / Aadhar Card
ID Proof
Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card
Reasons You Are Here
Dental or orthodontic treatment
Emergency surgeries, treatments or procedures
Cosmetic procedures
Prolonged treatments
Accidents
To pay additional bills or for medication, etc.
Why Taking a Personal Medical Loan Makes Sense?
When you don’t have medical insurance or if the insurance policy does not cover all the expenses, medical loans prove to be a saving grace.
A medical loan is a big help when you need to pay for the doctor’s fees, medical bills, hospital stay or a surgical procedure immediately.
It is a low-cost alternative to using your credit cards to pay for medical expenses.
An emergency loan or a line of credit works well if you’re planning a series of medical procedures. It helps you budget and control medical costs while allowing you to repay the loan amount over a loan term with easy monthly payments options.
Financial Tips for Medical Needs
Explore all the types of personal loans available on the market and identify the one that best suits your personal needs.
Make sure you plan ahead and set aside a budget for repaying the medical credit while you continue to get the treatment done.
Select your Mediclaim wisely.
