Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Medical emergencies never come with a notice but need instant funds for speedy recovery. With our personal loan for medical emergency, you can get funds up to `25 lakhs and choose the best medical treatment without worrying about the bills.

Features And Benefits

Instant Online Approval

Check your eligibility, fill a form online, upload your documents and get instant approval!

Online Account Access

Get your medical emergency loan details at your fingertips through our customised portal.

Money disbursed in 24 hours*

Get the money in your bank account within 24 hours* after your medical emergency loan is approved and documents are verified.

Affordable Interest Rates

Attractive interest rates - as low as 11.99% onwards*.

Loan upto `25 lakhs*

Instant loans up to `25 Lakhs* to fulfil your commitments.

No collateral required*

Get your medical emergency loan without providing any collateral*

*Terms and Conditions Apply

Medical Loan Eligibility Criteria

To avail a personal loan for medical emergency, you must be a resident citizen of India, between the ages of 21 years and 60 years. If you are a salaried employee, your income should be at least ₹20,000 per month (₹25,000 per month for residents of Mumbai and Delhi). For self-employed professionals, a minimum annual profit after tax is applicable instead. Please click here to know more about personal loan eligibility.

Medical Loan Interest Rate

A personal loan for a medical emergency is offered at interest rates starting from 11.99%* per annum. The interest rate charged depends upon your credit score, your requirement, your existing relationship with us, the total loan amount and tenure, and the nature of your employment. Processing fee of up to 3% of the loan amount is also applicable.

Personal Loan Interest Rate in India - Nov 2023

Personal Loan Interest Rate

11.99% to 36%

Processing Fee

Up to 3% of loan amount

Loan Tenure

Up to 60 months

Lowest EMI Per Lakh

₹2,275 for 60 months

Prepayment Charges

0% to 7%*

 

Documents Required for Medical Loan

Documents required for personal loans include:

  • PAN Card
  • KYC documents such as driving license, Aadhaar card, and voter ID card
  • Employment proofs
  • Last 2 months’ salary slips (for salaried) or income proof (in you have an independent practice)
  • Last 3 months’ bank account statements of your salary account (for salaried) or current account (in you have an independent practice)

For more details, check our documentation for personal loans page.

How to Apply for Medical Emergency Loan

We understand that time is of the essence when facing an emergency. This is why we have designed the application process of personal loan for a medical emergency to be as simple as possible.

To start the application process, click on the Apply Now button and provide your personal, financial and employment information. Next, select the loan amount and tenure to get instant approval online. Our representative will get in touch with you to collect the required documents, and the loan amount will be disbursed within 24 hours depending upon all the documents being successfully verified.

Here are the steps for an instant personal loan application with SMFG India Credit:

  • Step 1: Click on Apply Now on the top right of this page. Perform OTP verification of your mobile number
  • Step 2: Fill in personal, employment, income and bank details
  • Step 3: Select the loan amount and tenure that you require
  • Step 4: Upload documents as requested
  • Step 5: Submit.
  • Step 6: Within a minute, you will be informed if your loan application will be taken up for further processing. If yes, you will be provided with a tracking number.
  • Step 7: Our representative will get in touch with you for any additional information/verification.
  • Step 8: Post verification of all information and documents, you will be provided with an offer. Upon acceptance, your loan will be sanctioned.
  • Step 9: Amount is disbursed to your bank account.
`
50,00025,00,000
%
11.99%36%
Months
12 Months60 Months

Your Calculated EMI*

 8,302

FAQs

What is a medical emergency loan?

A medical emergency loan is a personal loan that is exclusively meant to be used to pay for medical bills in case of an emergency. This allows you to get the best care for your loved ones, without worrying about the finances.

How fast can I get the Personal Loan for a medical emergency?

The loan amount is disbursed within 24 hours of approval and documents verification.

Do I have to mention the type or reason for treatment?

No, you need not mention the type or reason for treatment to avail our personal loans.

What are the mandatory documents needed for a Medical Loan?

In order to make your experience as hassle-free as possible, we have kept the documentation for a personal loan to a bare minimum. The basic list is provided below. To know more, please contact customer care.

  1. KYC documents - PAN and address proof
  2. Employment Proof (for Salaried) / Proof of business existence (for self-employed)
  3. Income proof (salary slips for salaried / Form 16 / ITR / Audited financials for self-employed)
  4. Bank statements of the last 6 months
  5. For some cases, medical documents stating the nature and cost of the treatment may also be required.

Existing customers may directly apply for this loan via the customer login portal for quicker service.

Is there a minimum and maximum loan amount from SMFG India Credit?

A collateral-free loan of up to ₹25 lakhs can be obtained through instant approval online. If you require a higher loan amount, you may apply for a secured loan such as a loan against securities or a loan against property. There is no minimum limit on the loan amount. To know more, please contact customer care or your nearest SMFG India Credit branch.

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* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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