A medical emergency can arrive any time, whether you are prepared for it or not. The increasing healthcare costs in India can leave patients and their family members devastated, not only physically and emotionally but also financially. Many people have health insurance, which is usually not enough to cover all the expenses. This is where a medical emergency loan availed through an instant loan app comes to the rescue.
A medical emergency loan is a collateral-free loan that can fund treatment in your selected hospital without any end-use restrictions. Since a medical emergency often demands immediate action, the personal loan app installed in your mobile phone gives you instant access to funds when you need them the most. Fullerton India provides one such app that you can use to avail a medical emergency loan within minutes.
3 Easy Steps to Get a Medical Emergency Loan via Fullerton App
Step #1: Get the App
The Fullerton InstaLoan app installed on your mobile phone can make the entire loan application process much faster and easier. It allows you to complete the application procedure 100% online from your home, hospital, or wherever you are. The online loan app allows an entirely paperless loan application procedure without visiting the lender’s office even once. The first step is downloading and installing the app on your mobile phone. Next, open the app, create a new account, or register. You can also register using your Google or Facebook account.
Step #2: Enter the Required Details
Once you install the app and register, you will be asked to fill in your basic information, like your name, address, gender, marital status, date of birth, etc. Next, you will need to enter your income and employment details, like your monthly salary, current employer details, etc. Finally, the app will prompt you to fill in your bank account details. This will be the account where Fullerton will disburse your loan amount if your loan application gets approved.
Step #3: Upload the Documents
Although NBFCs like Fullerton India have minimal documentation requirements, you need to upload a few essential documents to prove your identity, address, and income. To apply for a medical emergency loan at Fullerton India, you need to scan and upload the following documents:
- KYC documents, like driving license, voter ID card, and Aadhaar card
- PAN card
- Proof of employment
- Last 2 months’ salary slips for salaried employees and income proof for self-employed professionals
- Last 3 months’ bank account statements of your salary or current account
After uploading the documents, click on the ‘Submit’ button. You will instantly receive a notification about your eligibility status and the loan amount you can avail of. If you accept the loan offer, you will receive a loan application number that you can use to track your application status through the personal loan app itself. If you are eligible and your documents are verified, you will receive your approved loan amount directly in your bank account within 24 hours.
Additional read:
Fullerton India has been one of the most renowned NBFCs offering financial services to consumers since 1994. Having financed over 3.6 million borrowers, their Fullerton InstaLoan online loan app makes the loan process much easier and faster than before.
You may avail several benefits by using the mobile application. Some of them include:
- Easy access to the needed funds at your fingertips
- 24/7 availability
- On-the-go loan application and approval
- 100% paperless documentation
- No need to visit the lender’s office
- Quick loan approval and disbursal
- Real-time application status tracking
Having the Fullerton InstaLoan app on your mobile phone gives you easy access to the funds when you need them the most. You can apply for a medical emergency loan of up to Rs. 25 lakhs wherever you are. You get to choose a repayment tenure of 12 to 60 months, depending on your monthly budget and repayment capacity. When there is a medical emergency in your family, you can apply for a loan from your home or hospital without spending time visiting the lender and arranging the documents.
Facing a medical emergency that you need funds for? Download and install the personal loan app from Fullerton India immediately and start the loan application procedure straight away.
