Looking For A Medical Treatment Loan? Here's Where You Can Apply

Our life is full of uncertainties. We can anytime strike with a medical emergency. Although some people rely on a health insurance policy to help meet their medical expenses, some of us are less prepared and may depend on a medical loan in case of an emergency. Today, many banks and NBCFs offer loans for medical treatment to help you support in times of emergencies. 

Medical Loan in India and Health Insurance Plans

A medical loan can be described as a type of personal loan to help take care of your various medical expenses. Health insurance on the other hand provides coverage for medical expenses as per the coverage amount chosen by a policyholder. 

Health insurance is usually purchased as a precautionary measure in a case when a medical emergency strikes, whereas a medical loan is only availed when during a medical emergency. 

Most health insurance plans provide coverage for certain illnesses only after a waiting period of 2-3 years. Moreover, many health policies don’t cover certain critical illnesses like cancer, kidney failure, etc. While with GMoney India you can get a medical loan without any waiting period or limitations of illnesses. You can immediately use the loan amount for treating any of the medical conditions. 

It is critical to note here that health insurance premium increases if the policyholder is undergoing any pre-existing medical conditions including diabetes, blood pressure problems, and other similar problems. Based on your current condition, most health insurance companies charge high premium rates or may even deny you health coverage. But, this is not the same with GMoney loans. You can opt for a medical loan only when it is necessary and can repay it in easy EMIs without impacting your credit score. 

Remember that health insurance needs to be renewed every year by paying a fixed premium amount irrespective of your claim or not. While on the other hand, you can opt for a medical loan only as and when required. 

Get a Medical Treatment Loan with GMoney Health Card

Many healthcare agencies offer emergency medical loans for bad credits, but they charge quite a high interest rate. GMoney also offers emergency medical loans for new credit profiles, provided the loan issuer has a stable income. You can also opt for the unique GMoney health card scheme, which helps you to raise funds when you are stuck in a medical emergency. Some of the values and features of GMoney health cards can be described below:

• Repay with 0% interest.
• No Cost EMIs for all types of medical treatment including surgeries.
• You can even get an advance of funds against your existing medical policy for your  treatments.
• Get medical claim filing assistance if you have used a GMoney card to pay for treatment.
• GMoney card is accepted at 8700 + hospitals & health care partners in 400 cities in India.
• GMoney Health card is digital and is FREE to apply. There are no joining fees or annual membership fees and no hidden charges. 
• GMoney Health card can be issued in less than one minute time.
• GMoney card is accessible and can be used through the GMoney App available on Google’s Play Store.
• Get a pre-approved credit limit of up to 5 lakhs with a GMoney health card, based on your credit and profile score.

Protect Your Life Goals with GMoney Medical Loan

Your savings are only meant for realizing life goals and not to deal with medical emergencies. If you need funds for a medical emergency immediately don’t turn up to your savings, instead choose a medical loan. Opting to pay for your medical expenses, with the help of a medical loan, can protect your life goals in the long run