Unlock Best Medical Loan Offers From My Mudra
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How Medical Loan Works?
A personal loan for medical expenses is offered by almost every bank and NBFC at different rates of interest. Choose the bank offering the least rate of interest. Loan My Mudra is providing a personal loan for medical expenses at 10.25 %.p.a with no hidden charges. Keeping in mind of emergency, My Mudra is disbursing medical loans within a day.
Documents required for a Medical Loan
Lenders require the following documents from their Medical Loan applicants as a proof to establish their identity, place of residence, income and repayment capacity.
- ID Proof (Aadhar card/PAN card/Passport/Voter ID)
- Address Proof (Electricity bill/Telephone bill/Gas bill/Aadhar card/PAN card/Passport/Voter ID)
- Bank account statement for last 3 months
- Latest salary slips
- Employment proofs
- Latest ITR or Form 16
Which banks to prefer for this loan
| Bank | Rate Of Interest |
|---|---|
|
10.65% |
|
10.49% |
|
10.95% |
|
10.75% |
An Equated Monthly Instalment (EMI) calculator is a digital metre which shows the calculation of your monthly EMIs, a simple online tool that makes EMI calculation very easy and fast.
To get the results from the Medical Loan EMI calculator, you just have to provide three basic information related to the loan that has to be availed: loan amount, repayment tenure (in years), and rate of interest. After providing the details press Enter button and you will know your EMI calculation instantly.
This EMI calculation process will help you plan your budget so that before the due date you can pay your EMIs on time.
Frequently Asked Questions on Medical Loan
The interest rate for Medical Loan is 10.25% P.A.
HDFC Bank is providing Medical Loan at 10.25% P.A with minimal documentation.
A person who needs Medical Loan needs Aadhaar Card, PAN Card, minimum salary and CIBIL Score.
Apply for the advance salary loan online on the My Mudra portal. Our executive shall call you for the documentation and shall guide you through the process of the loan. Get the documentation done online and track the status of your loan on the My Mudra portal. The approval and disbursement status of your loan can be checked online. Enjoy quick disbursal of the Medical loan from My Mudra.
Medical Loan is unsecured Loan because it does not require any collateral or security to be pledged for the loan.