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No Collateral Required

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Rate Of Interest starting from 10.25%.

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Minimal Documentation

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.


How Medical Loan Works?

Eligibility and Documentation
For Medical Loan

Detailed information on eligibility criteria for medical loan is mentioned below:

1. Nationality: Indian

2. Age: 21 years to 67 years

3. Employment Status: Employed with MNC, private, or public companies

4. CIBIL score: 700 or higher

5. Minimum Salary: The minimum salary for Medical loan should be Rs. 22000

Documents required for Medical Loan

Mentioned below is the list of the documents required for availing medical loan from My Mudra.

1. KYC documents of the applicant such as PAN Card, Aadhaar, Passport, and Voter’s ID card

2. Salary Slips of last three months

2. Employee ID card

4. Bank Account Statement for the last three months


Eligibility and Documentation For Medical Loan

How to apply for
Medical Loan

Apply for the Medical Loan with the easy steps mentioned below:

1. Apply Medical Loan Online on My Mudra website.

2. Get the documentation done online. Our executive will guide you through the process of loan.

3. Get your loan approved and disbursed in no time.


How to apply for Medical Loan

Which banks to apply for Medical Loan

Bank 

Rate of interest 

Tata Capital 

11.25% p.a. onwards

Fullerton 

11.99% p.a. onwards

Indiabulls 

11.99% p.a. onwards

Medical Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs.23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

Rs.5,64,882

your loan details as specified by you

Loan Amount
Rs.5,00,000
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions
on Medical Loan

What is the interest rate for Medical Loan?
The interest rate for Medical Loan is 10.25% P.A.
Which bank is best for taking Medical Loan?
HDFC Bank is providing Medical Loan at 10.25% P.A with minimal documentation.
What are the documents required for Medical Loan?
A person who needs Medical Loan needs Aadhaar Card, PAN Card, minimum salary and CIBIL Score.
How to apply for Medical Loan?
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.
Is medical loan secured or unsecured?
Medical Loan is unsecured Loan because it does not require any collateral or security to be pledged for the loan.