Manage Medical Expenses With A Personal Loan From Fullerton India

Medical Expenses

A medical emergency usually comes unannounced. With the current cost of medical treatments, it can be very expensive. Arranging for so much money in a short time is a grave concern, which is where a personal loan comes into the picture. Without any collateral or security, you can now get your medical expenses sorted in no time. 

Getting a personal loan is not just easy, but also a click away. With so many lenders available digitally, personal loans have become a quick and fast financial instrument to secure emergency funds.  Fullerton India offers instant personal loan for a wide range of needs, including home renovation, child education, medical emergencies, etc.

Why Take A Personal Loan For Medical Expenses?

If you are not sure that a personal loan is the best option to manage your medical expenses, then these vital factors will help you make the right decision.

1.      Easy application: While you are busy with other errands in the hospital, a personal loan helps you secure the funds urgently with just one click. With the application process shifting to a digital platform, all you have to do is mention your personal, professional, and banking details. Very soon, your loan will be approved tand you can get the amount in your bank account. 

2.      Quick disbursal: After your loan approval, the disbursal takes less than a few hours. Instead of waiting for the money to be transferred to your account, you get quick funds through which you can get all your medical expenses covered. 

3.      No collateral: Personal loan is an unsecured loan option, i.e., you do not have to keep any security. So, while your asset remains intact, a personal loan offers funds to cover all your costs.

4.      Multiple options available: In this age, there are various digital lenders available for a personal loan. Based on your requirement, your repayment capacity, and other important details, you can choose the lender without making compromises.

Important Points About Personal Loan From Fullerton India

Managing medical emergencies with a personal loan is simple, but here are some points to remember about the personal loan:

1.      Get an estimate of your expenses: Before you apply, make sure to get an estimate of your expenses. It will help you apply for the loan and know the exact EMI you will have to pay later. 

2.      Knowing the eligibility criteria: As the personal loan is unsecured, some lenders' eligibility criteria can be very stringent. The eligibility criteria for Fullerton India instant personal loan are:

a. The applicant must either be a salaried employee of a private limited company or a public sector undertaking or self-employed. 

b. The applicant must be between 21 to 60 years of age. 

c. The CIBIL score of the applicant must be over 750.

d. The minimum monthly income for salaried individuals in Mumbai/Delhi must be Rs 25,000, and for the rest of India Rs 20,000. 

e. For self-employed, the minimum yearly profit after tax determined based on profession/industry

3.      Documents of personal loan: While the actual documents for various lenders may differ, some of the common documents required are: 


  • Proof of identity

  • Proof of address

  • PAN

  • Salary slips for the previous three months (for salaried)

  • Bank statement for the previous six months

  • Income tax returns or Form 16

  • Proof of Income / financial statements (for self-employed)

4.      Applying for a personal loan: Applying for a personal loan is very simple and easy. All you need to do is visit the lender's website and fill in your details. 

5.      Knowing the EMI: When you are applying for the loan, make sure that you know the loan amount and the offered interest rate. Though the maximum loan amount can be Rs 25 lakh, each applicant's sanctioned amount depends on their age, income, credit score, and other factors. 

Once you know all the details, calculating the EMI with an online EMI calculator is a good option. It will help you understand the monthly debt that you are required to pay for the loan. 

Fullerton India instant personal loan is an excellent choice for all your emergency expenses, including medical costs. As a reputed organisation that has established its name in finance for so many years, Fullerton India offers the best loan deal to each customer.


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