Top 5 Benefits of Taking a Personal Loan for Medical Emergency

1. Top 5 Benefits of Taking a Personal Loan for Medical Emergency Emergencies can hit anyone and when it is a medical emergency, not just finances but most importantly life becomes crucial. If you are insured and your health is taken care of well it’s great but what if you are not having such backups? Medical insurance, financial support from friends or family, savings etc are the few first things you reach when there is a medical emergency. But it is not possible for everyone and breaking down your savings is also not suggested. Sometimes the disease or its treatment runs out of medical coverage and then comes the need for some financial assistance. Taking a personal loan for a medical emergency can be your best financial support. Here’s How- Top 5 Benefits of Taking a Personal Loan for Medical Emergency 1. Easy Access and Instant Approval: Taking an instant personal loan can be helpful because it is easily accessible. If you have a good credit score getting a personal loan won’t be tough. If not based on your income and

2. credit history you can still apply for a personal loan for a medical emergency very easily. 2. Minimal Application Formalities: You can apply for a fast personal loan online and get quick approval. Basic credentials like your name, contact details, account and PAN details or enough to initiate the application procedure. 3. Fast Credit Access: Once approved the instant disbursal of the credit is given on your instant personal loan. Within 24 hours you can access the cash and proceed with the treatment. 4. Versatile in Use: An instant personal loan is a multipurpose loan which means it doesn’t come with any restriction on its use. When you need a quick personal loan for a medical emergency you can access it for sure but the same loan can be good for any other requirement as well. 5. Smooth Repayment: The repayment of your fast personal loan is done over a period with fixed EMIs. The fixed EMIs are easy to manage in budget and help in disciplined repayment without any failure. Although fixed EMIs help in default-free repayment of a fast personal loan, sometimes it can be tough to manage within a fixed income every month. Additional expenses keep on happening and during such situations finding out the exact sum to put towards the loan can be problematic. It may lead to default in repayment and spoil your credit score. Besides paying o? the hospital bills with the quick personal loan you would also need to spend on the health improvement of the patient. Continuous taking care of health and fitness may demand more money and make it di?cult to pay the fixed EMI every month. To beat this situation you must go for an alternative of a personal loan for a medical emergency that has flexible payback options. Many online lenders extend credit hell for medical emergencies along with flexible payback options. Based on your requirement and repayment capacity you can decide on one lender and apply for it as an alternative to a quick personal loan. If you are a salaried employee and need such financial help FlexSalary can help you the best. FlexSalary line of credit is easy to apply for and extends instant approval making it perfect for a medical emergency.

3. 10 reasons Why FlexSalary Credit Line is The Best Alternative to a Personal Loan for Medical Emergency 1. Online availability: In a medical emergency going to a bank or any lender physically might not be possible for you. FlexSalary line of credit kills this situation by being 100% online. Without having to go anywhere you can complete the application procedure and avail credit from wherever you are be it from a hospital. 2. Minimal documentation: At FlexSalary only or Aadhaar card, PAN card, salary slip, bank statement and one passport-size photograph are taken as documents. You can easily upload these documents using its mobile app or website. 3. Digital verification: No physical verification is done at FlexSalary for approval of its line of credit hence no one visits you and neither do you need to go anywhere. Online KYC through a video call is completed to check the creditworthiness of the records you provide and the application is forwarded for approval. 4. Instant approval: Once verified no time is taken for approval and instant approval is provided on your line of credit application. 5. Quick credit: After approval, no waiting time is there in disbursement and within 24 hours the money is credited to your account making it perfect for medical emergencies. 6. Flexible repayment: No fixed EMI is mandatory for repayment at flex salary and you can repay your dues in flexible variable instalments. As long as you are paying the minimum monthly due no penalties or hidden charges will be imposed. 7. Longer tenure: At FlexSalary of flexible tenure of 3 to 36 months is permitted for repayment of its personal credit line hence after the medical treatment you don’t have to start bothering about its repayment immediately. 8. Large credit limit: You can borrow up to Rs.2,00,00 starting from Rs.500 using the FlexSalary Instant Line of credit. This amount helps with both small and larger medical expenses. 9. Easy access: After the money is credited to your account you can easily withdraw the cash or transfer credit from one to another account. You can also scan and pay using the FlexSalary line of credit making it easy to use for various medical bills.

4. 10.Smooth renewal: At FlexSalary you can easily renew your credit limit even after the part repayment. While this is perfect credit support for a medical emergency this can also help you in future with any other expenses. Medical emergencies can come unannounced and an instant personal loan can be a good help but going with the FlexSalary line of credit can be better. During medical treatment, many expenses occur and you can’t depend on just a quick personal loan. Having some additional cash help and continuous credit support can be ensured with a credit line and looking at FlexSalary’s feature it can make the best lender for all needs.