Medical Loan
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Medical Loan by Tata capital
A medical emergency in your family can take a toll on your finances and emotional wellbeing. Arranging for funds in such a situation can be a hassle. This is why we designed a quick and convenient Medical Loan - a personal loan for a medical emergency. Our loan covers all cosmetic, medical, and dental procedures. With Tata Capital's Medical Loan, you can avoid financial duress with affordable interest rates and customized repayment schemes. You can avail of loans for surgery for up to ₹ 35 lakhs and receive the best medical treatment for your loved ones or yourself without worrying about extensive bills. Avail of a hassle-free loan with Tata Capital and focus on the health and wellbeing of your loved ones.
Disclaimer: Personal Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
Loan Amount
₹ 40,000 - ₹ 35,00,000
Loan Tenure
Upto 6 years
Interest rate starting @
10.99% p.a
Advantages of Medical Loan
Eligibility Criteria for Medical Loan
Tata Capital offers simple eligibility criteria to help you avail of a medical loan quickly. The basic medical loan eligibility criteria include-
1. Age: The applicant must be between the age of 21 to 58 years or retirement age, whichever is later at the last EMI date
2. Monthly income: The applicant must have a monthly income of at least Rs. 15,000
3. Work stability: Salaried employees with one year of work experience and working for at least six months in the current company can apply
Documents Required for Emergency Medical Loan
Following are the documents required to apply for a medical loan with Tata Capital-
1. ID proof- Aadhaar Card/ Passport/ Driving License/ Voter ID
2. Income proof- A copy of the last six months of salary credits or primary bank account statements
3. Address proof- Aadhaar Card/ Passport/ Driving License/ Voter ID
4. Salary Slips- A copy of your salary slips for the last two months
5. Employment certificate- A certificate stating continuous employment of one year
What are the basic requirements for getting your Medical Loan approved?
We’ve made sure that getting a Medical Loan is simple and quick. For a swift approval for your application:
Keep your personal details handy including your PAN number, Aadhaar Number, CIBIL score
Provide copies of your payslips, address proof, and bank statements
Check Eligibility and Documents for more details.
Application process for Medical Loan
Benefits of choosing Tata Capital’s Medical Loan
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FAQs on Medical Loan
While you can use a personal loan for a variety of reasons, a medical loan is much better suited for the purpose.
You can use Tata Capital’s medical loan for a variety of needs, including hospital bills, surgery and medical treatments. We offer loan amounts starting at Rs 75,000 and going up to Rs 35,00,000 with flexible tenures ranging from 12 to 72 months. Further, here are some advantages of applying for a Tata Capital medical loan.
Instant approval
Flexible repayment options
Minimal paperwork
No collateral
You can borrow up to Rs 35,00,000 for a medical emergency. Further, at Tata Capital, we offer flexible tenures ranging from 12 to 72 months. Here are the eligibility criteria.
Age: the applicant should be between the age of 21 to 58 years or retirement age, whichever is later at the last EMI date
Monthly Income – It must be at least Rs. 15,000 per month
Job Stability – The applicant must be in the same job for the past six months
Work Experience – The applicant must have a minimum of one year of work experience
Once you know you’re eligible for the medical loan, all you need to do is fill out the online application and submit the necessary documents. Once these are verified, Tata Capital will sanction the loan and disburse the amount directly into your bank account.
Here are the eligibility criteria for a Tata Capital medical loan.
Age: the applicant should be between the age of 21 to 58 years or retirement age, whichever is later at the last EMI date
Monthly Income – It must be at least Rs. 15,000 per month
Job Stability – The applicant must be in the same job for the past six months
Work Experience – The applicant must have a minimum of one year of work experience
At Tata Capital, we understand the urgency of medical loans. And so, we offer instant approval. All you need to do is fill out the online application and submit the necessary documents. Once these are verified, Tata Capital will sanction the loan and disburse the amount directly into your bank account.
This depends on your loan amount, tenure, interest rate and financial plans. At Tata Capital, we offer flexible tenures ranging from 12 to 72 months and loan amounts starting at Rs 75,000 and going up to 35,00,000 so that you can choose the one that suits you best.
No, there are no specific terms and interest rates for personal loans for urgent medical needs. Whether you need a medical loan for an emergency, cosmetic surgery, or dental procedure, the terms and interest rates remain the same.
Here are the eligibility criteria for Tata Capital’s medical loans.
Age: the applicant should be between the age of 21 to 58 years or retirement age, whichever is later at the last EMI date
Monthly Income – It must be at least Rs. 15,000 per month
Job Stability – The applicant must be in the same job for the past six months
Work Experience – The applicant must have a minimum of one year of work experience
Further, as part of the application process, you will have to furnish documents such as photo identity proof, address proof, salary slips, income proof and employment certificate.
Yes, you can utilise a medical loan to pay for a family member's or dependents' medical emergency expenses. Tata Capital offers loan amounts starting from Rs 75,000, going up to Rs 35,00,000, with flexible tenures ranging from 12 to 72 months.
Here are the eligibility criteria for a medical loan.
Age: the applicant should be between the age of 21 to 58 years or retirement age, whichever is later at the last EMI date
Monthly Income – It must be at least Rs. 15,000 per month
Job Stability – The applicant must be in the same job for the past six months
Work Experience – The applicant must have a minimum of one year of work experience
Yes, you can get a personal loan for a medical emergency even if you have health insurance. Tata Capital offers loan amounts starting from Rs 75,000, going up to Rs 35,00,000, with flexible tenures ranging from 12 to 72 months.
Further, here are some advantages of applying for a medical loan with Tata Capital.
Instant approval
Flexible repayment options
Minimal paperwork
No collateral
Penal interest is levied in case you default on repayments for your medical loan. You must then pay your outstanding installments inclusive of this additional interest. Tata Capital levies penal interest of 3% per month on the overdue amount.
Yes, you can utilise a medical loan to pay for elective surgery or cosmetic procedures. To apply for one, make sure you meet the following eligibility criteria.
Age: the applicant should be between the age of 21 to 58 years or retirement age, whichever is later at the last EMI date
Monthly Income – It must be at least Rs. 15,000 per month
Job Stability – The applicant must be in the same job for the past six months
Work Experience – The applicant must have a minimum of one year of work experience
While there are no extra costs levied on a medical loan, Tata Capital does charge a nominal processing fee of 5.5% + GST. This is a one-time, non-refundable fee levied for processing your application.
Tata Capital offers flexible loan amounts and tenures to help you find a repayment plan that works best for you. Additionally, you can take advantage of Tata Capital’s personal loan calculator to plan your EMIs as well.
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