Medical Loans for Surgery and Treatment

The cost of medical treatment and surgery in the country has inflated drastically in last few years and medical expenses are often unexpected and stressful in various ways. Millions of middle-class families came face to face with the harsh Indian reality where arranging money for expensive medical operations during emergency proves to be quite a difficult and stressful task. Very few Indians have health insurance and a quality healthcare comes at a premium.

It is at times like these, Medical Loans comes to the rescue. Medical loan for surgery or any other expensive treatment is basically a personal loan which can be used for sudden medical emergencies and whose interest rates are dependent on parameters like where you work, your salary bracket, your city and much more.  It is important to perceive that personal medical loans are a boon for patients as it has several advantages. Medical Loans being unsecured, do not require any collateral or deposit while assuring that you get quality medical care without delay.

With the aim of easing the accessibility of medical facility; Credihealth - the no. 1 medical assistance provider in India, has introduced a platform for easy access to medical loans. It has coalesced with leading financial institutions like banks and NBFCs to make the process of seeking a loan for treating medical conditions efficient and convenient. The strenuous task of taking loan has become simpler as the user can visit the website of Credihealth and avail loans in the range of INR 30,000 to INR 50 lakhs for duration of 6 months to 48 months

To accomplish the goal of making healthcare accessible and affordable, it has ensured that those in need get the much-needed financial assistance at a very competitive price.  

Credihealth launches medical loan facilities

Credihealth, a medical assistance company, has launched a medical loan facility on its platform, partnering with banks, NBFCs and fintech players like Rubique. Users can now apply for medical loans via Credihealth and make paperless in-principal transactions to avail loans ranging from Rs 30,000 to Rs 50 lakh for a tenure starting from six months to 48 months.

The tie-up gives it access to Rubique's technology platform, network of over 65 financial institution tie-ups, and strong distribution across 29 cities.

Credihealth expects reaching out to a much larger audience with its unique healthcare proposition through the partnership and will also benefit from fulfilment support enabled through Rubique's fulfilment centres. For its future tie-ups as well, it is focused on teaming up with only those financial services players who are highly transparent and give loans at attractive and fair rates.

Ravi Virmani, founder and MD, Credihealth, commented, "In our country, there is an imperative need to not only get quality healthcare but also financial means to get access to these facilities easily and on time. In fact, medical loans is one area which is yet to penetrate the Indian healthcare market as a majority of patients are either paying in cash or doing top-ups to pay their medical bills. But there are a large number of patients who are is in dire need of medical treatment and have no medical funds at all. In order to fulfil this need, Credihealth is making it convenient for patients to pay their medical bills through an EMI model. We are also leveraging our superior network of service providers and procurement supply chain to reduce the overall cost of care in the ecosystem."

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