Medical Loan in Hyderabad

Medical Loan: Overview

Medical emergencies are increasingly reported every year in Hyderabad hospitals. Quick medical amenities such as on-time ambulance, on-the-route check-ups are developed for the ease of customer. But what about the instant hospitalization funds that a middle-class professional is unable to afford? In such situations, a medical loan from Qbera can be a helping hand to your financial needs. Are you looking for instant financial help for a medical emergency in Hyderabad? Apply for a personal loan.

Qbera Medical Loan

Qbera provides instant medical loans up to ₹10,00,000 to salaried individuals at an interest rate of 11.99% - 24% with a flexible payback period of 1 to 5 years. Get instant funds for those costly surgeries, diagnostic tests and long medical bills.

Benefits of Qbera Medical Loan

• Collateral-Free: A medical loan from Qbera is unsecured. Which means there is no need to put up any collateral in order to get the loan amount. Collateral refers to any property legally owned by you. It can be a car or a house.
• Quick Disbursal: Qbera approves loans to salaried individuals on the basis of their employment history and their Credit score. There may be many loan providers in Hyderabad but not many are capable of providing fast loans. Once you pass the eligibility criteria of Qbera, the loan amount gets disbursed to your bank account within 24 hours.
• Minimal Documentation: Unlike a home loan or car loan, a medical loan from Qbera does not ask for unnecessary documents. Thanks to the newly developed digital platforms.
• Low Interest Rate: Qbera provides best in market interest rates ranging from 11.99% - 24%.
• Multiple Repayment Options: You can choose to repay the loan amount through various methods. Such as Post Dated Cheques (PDCs), ECS and online payments of EMIs.

Benefits of Qbera Medical Loan over Insurance Policy

Medical Loan Eligibility Criteria:

To be eligible for a Personal Medical Loan with Qbera you must be:

1. In the age group of 23 to 55 years.
2. Working for a private limited company or a public organization.
3. Have a net monthly income of Rs. 20,000.
4. Not a defaulter in the last 24 months.

Documents Required for a Medical Loan:

Identity Proof

• Pan Card (Mandatory)
• Aadhar Card (Mandatory)
• Driving License
• Passport
• ID card issued by State Govt & Central Govt

Current Address Proof

• Pan Card
• Aadhar Card
• Driving License
• Passport
• LPG Gas Receipt
• Electricity Bill
• Mobile Postpaid Bill
• Water Bill
• Bank Statement with latest 1 month transactions
• Rent agreement with 2 month’s utility bill in landlord’s name.

Medical Loan Interest Rate & Other charges

There may be many medical loan lenders in Hyderabad. But the interest rates charged by Qbera are on par with the current market rates. Their interest rate ranges between 11.99% - 24%. The processing fee charged is 2-3%. Other charges such as prepayment charges, part-payments, late payment charges are based on RBL norms.

Medical Loan EMI Calculator

It is difficult to focus your mind towards calculations while you are going through a medical emergency. The Medical loan EMI Calculator provided by Qbera is one of the easiest tools to determine your EMI. Feed the following 3 values to get the most accurate and fast figure of your EMI with the help of this user-friendly tool:

1. Loan amount
2. Loan tenure
3. Rate of interest

How to Apply for a Medical Loan from Qbera?

1. Log on to Qbera.com
2. Fill up the online application form.
3. Upload the bank statements.
4. Check your eligibility online.
5. Get a quote within few hours.
6. A customer representative will be at your doorstep to collect the documents.
7. The loan amount will be disbursed to your bank account within 24 hours.