Medical loans offer quick approval and minimal paperwork, with repayment terms of 1 to 5 years and interest rates starting at 10.49%. Assess your finances before committing.
Here are 5 tips to make the most of your medical loans:
Quick Approval
Medical loans offer fast disbursal, typically within 2 to 7 working days after application.
Simple Documentation
Requires minimal paperwork, including ID proof, address proof, and income verification.
Flexible Repayment
Repayment tenures usually range from 1 to 5 years, with some banks offering up to 7 years.
Variable Interest Rates
Interest rates vary across banks, starting around 10.49% per annum.
Considerations
High interest rates are common; assess your financial situation before committing to ensure it fits your budget.