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Medical Loan

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Medical Loan Overview

Medical loans are often our last resort when it comes to an emergency. A type of personal loan helps to cover expenses incurred in the event of a medical emergency. Nitstone Finserv, one of the most trusted lenders in India, offers instant approvals for medical loans. No matter how pressed for time, we are here to help you at the right moment.

Benefits & Features

Medical loans in India act as a boon in difficult times. Some of its benefits and features are listed below: • Fast approvals • Loans offered without any guarantor or collateral • Salaried, as well as self-employed people, are eligible for loans • Flexible repayment terms • Minimal documentation • Hassle-free processing in quickest possible time • Easy monthly instalments • Ease of online application

Despite its numerous benefits, there are certain factors that you should keep in mind before obtaining a medical loan in India. Check the disbursal time, interest rates and other charges before applying.

Eligibility & Documents

A medical loan in India can be used to pay for any medical procedure ranging from surgery and hospitalisation to other medical expenses. In order to avail a medical loan, you need to meet the eligibility criteria. Here’s what you need to know.


•    Applicant must be an Indian citizen

•    Applicant must be salaried or self-employed

•    Must be between 21 years and 58 years of age

•    Overall work experience of 1 year

•    At least six months’ working experience in the current role

•    A minimum monthly salary of Rs.20,000


Documents Required:


To get a medical loan in India, you also need to submit certain important documents. Let’s check the list of documents required for a successful application.


  • Address Proof
  • Identity Proof
  • Latest Salary Slip
  • Last 3 to 6 months’ bank statements
  • Appointment letter for salaried individuals
  • Form 16
  • Income Proof
  • Certificate of employment from the employer
  • Latest passport size photograph

With Nitstone Finserv’s instant personal loan online, you can enjoy complete peace of mind. At a time, when you are likely to be extremely worried, we strive hard to make the loan approval process hassle-free. Avail our online services to check eligibility and click on the ‘Quick Apply’ button to submit the application form. Our team of experts will review your request and get in touch with you to offer the best plans. We are also ready to provide customised medical loans, depending on individual treatment plans. 


Get  instant personal loans online at Nitstone Finserv. With the fastest loan disbursal time, you can expect funds delivered to your account within 72 hours.


Ready to Apply

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How to Apply

Step 1

Click on Apply to go to our online form. Fill in detail and submit the form.

Step 2

Get an instant approval. Select your required loan amount and tenure.

Step 3

Our representative will get in touch to collect your documents.

Step 4

Amount will be credited to your account.

Fees & Charges

For instant loan approvals online of upto INR 10 lakh

Types of fees

Charges applicable

Interest Rate

12 % to 18 %

EMI Bounce Charges

INR 500 for every bounce

Processing Fee

1 % to 2 % on Loan Amount

Penal Interest

2 % p.m.

Part Prepayment

1 % on paid part payment amount

Foreclosure Charge

1 % on principal outstanding
  • Foreclosure: charges will be applicable on the current principal outstanding.
  • Part payment made should be more than 1 EMI.