Encountering a medical set back is never pre-planned. You may feel safe and sound at one instant and god forbid get hospitalized the other. And in the times of this COVID pandemic, everything is uncertain. Medical emergencies are tough to handle both emotionally and financially. Your family will be put to a lot of stress worrying about your health. On the other hand, you’ll be worrying about how to pay the hefty bills coming along the way.
The right financial support will lighten the burden of emotional toll put on your family. Personal loans offer you that. Instead of worrying double, if you apply for one, you can sit and pray for the best to happen.
The technological advancements and the government’s vision of Digital India reduced the anxieties even less. Here’s how you can take a personal loan/gold loan for medical emergencies:
The rushing back and forth from banks to hospitals is totally taken out of the equation because of the advent of Online Banking. Everything has come inside your palms. This lessens the travel undertaken to find a bank during tough times of medical emergencies. HDFC Bank personal loan offers the service of getting loans online.
The paperwork to be done is nullified if you do it online. A few taps and money will be transferred to your account.
The requirements asked to submit is also very less. Mandatory details like, Aadhar card, PAN card, driving license is what is needed.
Make sure you have a reliable credit score. That is the most important.
The interest rates will also be flexible that leaves little room for worry in the future.
The tenor period is also flexible ranging from 2-6 months. Another important feature is that the loan will be disbursed within 24 hours. Some hospitals will ask you to pay the fees beforehand; they will only perform the surgery later. In such cases, you don’t need to panic for the immediate approval of the loan. After the submitting of proper documents online, and once the bank verifies your credibility, your loan will be sanctioned within 24 hours.
For applying for a gold loan, there's even less paperwork. You submit the jewellery and borrow money against it. The problem of defaulting is nullified as if you fail to pay, your gold will be taken by the bank for auction.
Instead of retreating to the panic room immediately after a medical emergency, if you are well educated about the economic options at your hand, it will help you at the right time. Personal loans for medical emergencies are the quickest option if not the best.
