Medical Emergency Loan
No one wants to experience a medical emergency, but unfortunately sometimes life throws us unexpected surprises. Moneymela understands the urgency of these times and has designed Medical Emergency Loans just for you. Our quick and easy application process allows you to apply for up to 10 lakhs in emergency funds to cover your urgent medical expenses. With no hidden fees and competitive interest rates, we make sure that you can focus on getting better without worrying about the financial burden. Moneymela's Medical Emergency Loan is your perfect financial companion during tough times!
Medical Emergency Loan
No Collateral Burden
No asset pledge required
Flexible Loan Tenure
Choose a loan tenure that fits your financial situation
Simplified Loan Process
Experience a streamlined application and approval process
Competitive Interest Rates
Enjoy lower interest rates compared to traditional credit card debt.
Easy Prepayments
Make extra payments towards your debt at any time without penalties or complications.
Eligibility
Qualifying Criteria of borrower:
Medical Loan
Registration
To become a borrower on Moneymela, individuals need to sign up through the Moneymela website and pay a one-time nominal fee of Rs 500. Once registered, borrowers receive a unique user ID and password for accessing the borrower portal.
Log in and Document Verification
Borrower can log into the borrower portal, raise a loan application and upload the required documents, which are then verified by the Moneymela team to ensure their credit worthiness and repayment capability.
Final Loan Offer
Moneymela’s team will sanction a loan offer to the borrower if they pass the eligibility assessment, based on the kind of loan and amount specified by the borrower in the loan application.
Loan Listing
The finalized loan will then be listed on our marketplace for the lenders to invest in.
Loan Agreement Signing
Once a lender selects and finalizes a loan listing, Moneymela initiates the legal documentation process for the loan agreement between the lender(s) and borrower. Once the loan agreement is duly signed by both the parties, the loan fund will be transferred to the borrower’s account.
Tracking Loan Listings
Borrowers can track their loan listings on their dashboard, keeping them informed about loan repayments, and due dates.
Documents
Documents required borrowers to be uploaded while registering as a borrower:
| # | Identity Proof | Accepted Documents |
|---|---|---|
| 1 | Identity Proof/Date of Birth Proof (any one of the following) | PAN Card , Adhaar Card Voter ID , Passport |
| 2 | Address Proof (Present/Permanent) (any one of the following) | Adhaar Card , Passport , Bank Statement, Voter ID Electricity Bill (within last 3 months) Post-paid Mobile Bill (Last Month) |
| 3 | Photograph | Passport size photograph (1 Copy) |
| 4 | Bank Details | Scan copy of Cheque or Copy of the front page of pass book for details of Account No and IFSC Code. Bank statement or pass book copy of Salary/operating account for last 6 Month. |
| 5 | Proof of Income | Salaried – Salary Slip for Last 3 months. Self Employed – ITR for last 2 Years. Any other document confirming income of the business of the borrower. |
