A medical emergency comes without warning. Whether it’s an accident, sudden illness, surgery, or long hospital stay, expenses can escalate quickly—often faster than savings or insurance coverage can handle. During these critical moments, the most important thing you require is instant funds.
That’s where 24hrLoan’s Instant Personal Loan for Medical Emergency makes the difference. Designed for speed, simplicity, and support, it ensures you can focus on recovery while we take care of the finances.
Why Choose a Personal Loan for Medical Emergencies?
Unlike other types of financing, an emergency personal loan is:
- Fast & Flexible: Funds disbursed within hours, not days.
- Unsecured: No need to mortgage property, pledge gold, or burden family assets.
- Accessible to Individuals: Salaried, self-employed, or business professionals can apply.
- Customizable: Choose the loan amount and repayment term that match your situation.
When every minute matters, a personal loan is often faster and simpler than relying on insurance claim settlements, borrowing from friends, or liquidating long-term savings.
Benefits of a Medical Emergency Loan
Quick Access to Funds
Medical expenses don’t wait, and neither do we. Once approved, money is transferred directly into your bank account, usually on the same day.
No Collateral Needed
Don’t stress about arranging property papers or guarantors. Loans are based on your creditworthiness, not on pledging assets.
Flexible Loan Amounts
Cover anything from a few thousand for minor treatments to several lakhs for surgeries or intensive care.
Convenient Repayment Options
Tenures typically range from 12 months to 60 months, helping you manage EMIs comfortably.
24/7 Online Application
Emergencies don’t follow office hours. You can apply online any time, from home, hospital, or on the go.
Transparent Terms
All charges and repayment schedules are disclosed upfront. No hidden surprises.
Eligibility Criteria
To make sure the loan is accessible and repayment-friendly, applicants should meet the following criteria:
- Age: 21 to 55 years
- Employment Status: Salaried professionals are eligible for an instant personal loan.
- Income Requirement: A Minimum monthly salary of Rs. 12,000 is needed for the loan process.
- Credit Score: Minimum Credit Score 680+ required.
- Work Experience: Salaried applicants with 12 months of experience in current employment.
Check Personal Loan Offer from Various Lender
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
Documents Required for Medical Emergency Loan
The application process is digital and minimal. Typically, you’ll need to upload:
- Identity Proof
- Aadhaar Card / PAN Card / Passport / Voter ID / Driving License
- Address Proof
- Utility Bill (Electricity, Gas, Water)
- Passport / Rental Agreement / Aadhaar Card
- Income Proof
- Salaried: Last 3 months’ salary slips + last 12 months’ bank statements
- Photograph – Recent passport-sized photo
These documents are uploaded securely online—no branch visits, no physical paperwork.
Also Read: 6 Things to check Before Choosing a Personal Loan Lender
Medical Emergency Loan Fees & Charges
Borrow a personal loan for a medical emergency with lower and competitive rates. Also, check personal loan eligibility before applying.
| Interest Rate | 11% to 30% p.a. |
| Processing Charge | 4% of the approval amount |
| Foreclose Fee | 3% to 5% of due loan amount |
EMI Calculator for Medical Emergency Loan
You can use the 24hrLoan EMI Calculator for a medical emergency loan to calculate the amount of a medical emergency loan. Without installing the application, you can check the loan EMI before the loan application.
How to Apply for an Instant Personal Loan with 24hrLoan
The application process is designed to be paper-light, quick, and fully digital. Here’s how it works:
1. Check Eligibility
- Age: Typically 21–60 years
- Income: Stable monthly income (salaried or self-employed)
- Credit Score: Higher scores improve chances of approval & better interest rates
2. Submit the Online Application
- Fill in personal details, loan amount required, and repayment preference.
- Our system runs instant eligibility checks
3. Upload Documents Securely
Usually required:
- Identity Proof (Aadhaar, PAN, Passport, or Voter ID)
- Address Proof (Utility bill, rental agreement, passport, etc.)
- Income Proof (Salary slips, bank statements)
4. Instant Approval Decision
With real-time verification, approval can be granted within minutes.
5. Same-Day Disbursal
Once approved, funds are directly transferred to your bank account—often within 24 hours.