Get an Instant Personal Loan of Rs 50,000 to 1.5 Lakhs for Medical Emergencies with SimplyCash

Get an Instant Personal Loan of Rs 50,000 to 1.5 Lakhs for Medical Emergencies with SimplyCash
Get an Instant Personal Loan of Rs 50,000 to 1.5 Lakhs for Medical Emergencies with SimplyCash

Medical emergencies don’t happen every day, but when they do, there is no getting away from them. You will need a sufficient amount of cash on hand to deal with them. But what if you are on a strict budget? What if your emergency fund isn’t enough to pay your bills? Turn to instant personal loans for immediate assistance.

Benefits of Taking Personal Loans During Medical Emergency 

  1. Protect your Life Savings

Medical emergencies are one of those things that can put you in serious financial trouble. The expense of treating a small or severe sickness might range from a few thousand rupees to lakhs of rupees. Furthermore, if you do not have immediate access to finances, your or your loved ones’ medical condition will worsen. This is where an instant personal loan using an online loan app can help. If you run out of money while receiving treatment in the hospital, you can use the app to settle your medical bills right away.

  1. Treatment at your Preferred Hospital

The cost of medical care is steadily rising in India. The cost of hospitalisation has become the most pressing worry for Indians with average incomes. You can’t avoid the fact that private hospitals treat their patients with the most advanced technologies available. If you or a loved one is suffering from a serious disease, treatment at a modern hospital is the best option. Personal loans provide you with the financial flexibility to choose the hospital of your choice. It enables you to receive the finest possible treatment without compromising the quality of treatment due to financial constraints.

  1. Supplement your Medical Insurance

Medical insurance has been a necessity in recent years. However, do you realise that your medical insurance has some limitations in terms of its applicability? If you have recently purchased insurance from any health insurance provider and are dealing with a sudden medical emergency, you won’t be able to use your policy right away. This is because of the waiting period clause. Not only that, but your coverage comes with a number of other limitations.

  • Pre-existing conditions are typically not covered by most health insurance policies. And if they do cover it, the premium will be extremely expensive.
  • Maternity conditions come with a waiting clause of two to four years. So, even if you bought the coverage, there’s a slim chance you will be able to use it to cover maternity-related expenses. As a result, the best alternative you have is to use an online loan app.
  • There are certain medical disorders that are subject to permanent exclusions in your policy. Some of them are HIV, congenital diseases, war-related traumas, bariatric surgery, and skin rejuvenation. If you have a medical issue that falls into one of the categories mentioned, an instant personal loanis your best option.

Furthermore, it supplements your insurance if the chosen sum assured is insufficient to meet your medical bills.

  1. Instant Approval:

Instant personal loans are well-known for their speedy disbursement. And, when you use an online loan app to apply for this loan, the whole process becomes much quicker. An instant personal loan app requires only a few basic details and documents. Such apps require you to upload your KYC and income proof. Once you do that, the app uses advanced technology to perform a credit appraisal. It takes a digital lender hardly 20 seconds to decide if you qualify for a loan or not.

  1. Flexible Repayment Option

Obtaining funds on the lender’s terms during an emergency is not a good bargain. You should look for an option that allows you to choose the EMI and tenure that best suits your budget. This is something that an online loan app may help you with. Personal loans are available from 6 months to 24 months through digital lenders. You have the option of selecting the duration that best suits your needs. Now the question is: how would you know if the loan EMI is within your budget? Well, for that,instant personal loanapps offer an EMI calculator on their website. These calculators are easy to use. You only need to enter three variables: the amount, the tenure, and the interest rate, and the results will appear on your screen immediately. Furthermore, these calculators can be customised. You can experiment with different variables to see what works best for you.

  1. Collateral Free Loans: 

Another advantage of getting a personal loan during a medical emergency is that you don’t have to put up any collateral. These are unsecured loans. To get approved for a loan, the lender just requires the applicant to have a good credit history, consistent income, and a job. You may easily apply for this loan provided you meet the lender’s minimum qualifying standards that are listed on the website.

To Conclude:

Instant personal loans can always help, no matter how dire the circumstance is. These no-collateral loans can be obtained in just a few clicks. To use the online loan app, you simply need to take care of your credit history.

Next Story

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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