Who We Are
Medical Loan Overview
Nitstone Finserv provides financial support for medical expenses through personal loans. You can apply online for a medical loan and receive guidance throughout the process. Our loans are designed for salaried and self-employed individuals seeking support for healthcare needs. Flexible repayment options and transparent terms ensure responsible financial planning.
Benefits & Features
Medical loans provide convenient support during health-related expenses. Key features include: • Loan applications with standard verification • Eligibility for salaried and self-employed individuals • Flexible repayment terms • Minimal documentation requirements • Online application and guided processing • Monthly instalment options
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.
To get a medical loan in India, you also need to submit certain important documents. Let’s check the list of documents required and eligibilty criteria for a successful application.
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Indian citizen
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Salaried or self-employed with steady income
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Age between 21 and 58 years
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Minimum one year of overall work experience
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At least six months in current role
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Minimum monthly salary of Rs.20,000
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Documents required:
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Address Proof (Passport, Ration Card, Telephone/Electricity Bill, Rental Agreement)
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Identity Proof (Passport, PAN Card, Driving License, Voter ID)
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Latest salary slips
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Bank statements for last 3–6 months
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Employment verification documents (Appointment letter, Form 16, Certificate of employment)
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Passport-size photograph
Nitstone Finserv offers medical loans, allowing applications from home. Representatives are available to assist with documentation and processing.
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to access our online form. Complete the details and submit the application.
Step 2
A Nitstone representative will review your application and contact you to discuss the next steps.
Step 3
Provide the required documents for verification.
Step 4
Loan processing will proceed according to standard verification and approval procedures.
Fees & Charges
For instant loan approvals online of upto INR 10 lakh
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Types of fees |
Charges applicable |
|---|---|
|
Interest Rate |
16 % to 25 % |
|
EMI Bounce Charges |
INR 100 plus GST for every bounce |
| Processing Fee |
1 % to 2 % on Loan Amount |
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Part Prepayment |
1 % on paid part payment amount |
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Foreclosure Charge |
1 % on principal outstanding |
- Foreclosure: charges will be applicable on the current principal outstanding.
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Part payment made should be more than 1 EMI.