

Medical Loans up to ₹10 Lakhs For Salaried Employees
With Interest Rate Starting 11.49% p.a.
If you are a salaried individual facing medical expenses, you can apply for a Medical Loan online with a 100% digital process. Get a Medical Loan from ₹1 lakh up to ₹10 lakh with interest rates starting from 11.49% p.a. up to 19.99% p.a. Enjoy flexibility on your loan account with zero foreclosure charges, no lock-in period, and zero pre-payment charges. Manage your Medical Loan account online through our mobile app — no branch visits required.
- ROI from 11.49%
to 19.99% - Zero Foreclosure & Prepayment Charges
- No Lock-in
Period
Features of Medical Loan
Looking for a Medical Loan? Mirae Asset Financial Services provides salaried employees with quick access to collateral-free funds for medical emergencies or planned healthcare needs. Benefit from flexible EMI options, competitive interest rates, and no hidden charges. With a seamless online application process, you can focus on your health without financial worries. Get the support you need when it matters most!
* Funds will be disbursed within 2 business days subject to successful verification.
** The interest rate will vary depending on your credit profile, employment info, and salary details.
Medical Loan Eligibility Criteria
Applicant must be salaried with Minimum Salary of Rs. 35,000 per month.
Maximum FOIR
(Fixed Obligation to Income Ratio) - 70%.
Age - 22 to 58 Yrs
&
Resident Indian National
1 Year Work-ex
(4 months with
current company)
Minimum credit
score of 700 or higher.
Available only at selected locations in India
Note: Only salaried individuals are eligible.
Eligibility is not a guarantee. Eligibility will be checked based on the information you provide. The amount you can borrow (loan amount), the repayment period (tenure), and the interest rate will vary depending on your credit profile, employment info, and salary details.
Medical Loan EMI Calculator
Use a medical loan to manage your healthcare expenses with flexible monthly instalments ranging from 6 to 48 months. Easily calculate your EMI based on your loan amount and repayment tenure. Get the treatment you need now, with affordable repayment options that fit your budget!
Loan Amount
Interest rate
Tenure
Your Monthly EMI:
Your Monthly EMI:
Eligibility is not a guarantee. Eligibility will be checked based on the information you provide. The amount you can borrow (loan amount), the repayment period (tenure), and the interest rate will vary depending on your credit profile, employment info, and salary details.
Medical Loan Charges, Interest Rates & Details
Before applying for a medical loan, carefully review the interest rates, fees, and charges to ensure a smooth and stress-free experience. Opt for transparent loan terms that fit your needs, so you can focus on your health without worrying about finances.
Taxes as applicable
Eligibility is not a guarantee. Eligibility will be checked based on the information you provide. The amount you can borrow (loan amount), the repayment period (tenure), processing fees and the interest rate will vary depending on your credit profile, employment info, and salary details.
* Taxes as applicable
How to Apply Online for Medical Loan
-
1Apply for Medical Loan via Web or App
-
2Basic Details: Provide basic details & check eligibility. Complete e-KYC
with PAN & Aadhaar details. -
3Additional Details: Provides address, employment, & additional
details. -
4Choose Loan Terms: Based on eligibility, choose loan amount & tenure.
-
5Complete Documentation: Creates e-mandate, sign loan agreement,
& complete Video KYC. -
Funds Disbursement: Funds are disbursed directly to your bank account (Subject to Verification).
Things to Know Before Applying Online For a Medical Loan
The interest rate on medical loan with Mirae Asset Financial Services starts from 11.49 % p.a. and is determined by multiple factors such as your credit score, employer, repayment capacity (debt to income ratio), etc.
Please follow the below steps to pay your EMI in advance
- - Login to the App or Website
- - Select the ‘medical Loan’ dashboard
- - Click on the ‘Pay Now’ option on the summary screen
- - Select the ‘Loan Application Number’ in the drop-down menu.
- - Select ‘EMI Payment in Advance’ in the ‘Payment Option’ drop-down menu.
- - Select the ‘No. of Instalments’
- - Click on the ‘Pay Now’ button and complete your payment.
Please be aware: Any EMI paid in advance will be credited towards upcoming EMIs. However, this advance payment will not be directly deducted from the principal outstanding amount. Consequently, the total interest paid on the loan account will remain unaffected.
Please follow the below steps to pay your EMI in advance
- - Login to the App or Website
- - Select the ‘medical Loan’ dashboard
- - Click on the ‘Pay Now’ option on the summary screen
- - Select the ‘Loan Application Number’ in the drop-down menu.
- - Select ‘Overdue Payment’ in the ‘Payment Option’ drop-down menu.
- - Enter the amount
- - Click on the ‘Pay Now’ button and complete your payment.
Failing to make EMI payments will result in bounce charges and penal charges, as outlined in the loan agreement's terms and conditions. Additionally, it may have a negative impact on your credit score & will be recorded in your credit history. Defaulting on the loan may also make it challenging to obtain any future loans.
You can write to mcare@miraeassetfin.com with the requested time slot for your video KYC along with your Application ID or call us at 1800 2099 180 (Monday to Friday from 9 am to 6 pm excluding holidays).
Please Note: You can schedule Video KYC anytime from Monday to Saturday from 9 am to 7 pm excluding holidays. The video KYC slot will be confirmed subject to availability of our Video KYC agent.
The processing fees is charged from 3% to 4% of loan amount. PF will be deducted from the loan amount & net amount will be disbursed. Eg. For a loan amount of Rs.4,00,000, processing fees charged will be Rs. 12,000 + Taxes (Rs.4,00,000 x 3% = Rs. 12,000).
Medical loans are not eligible for tax exemption.
You can choose your loan term as per your requirements from 6 months to 48 months.
The minimum loan amount is Rs.1,00,000, while you may borrow a maximum loan amount of Rs. 10,00,000.
A minimum credit score of 700 or higher is necessary to get the medical Loan.
Yes, you can foreclose your medical loan without any foreclosure charges and no lock-in period.
You can cancel your loan within the cooling-off period (3 days from the date of disbursement) in accordance with our lender partner's policies. Please note that the processing fee and stamp duty are non-refundable if the loan is cancelled during this period.
Why Choose Medical Loan With Us
A medical loan is a type of personal loan that helps you cover unexpected healthcare expenses, from surgeries and treatments to hospital bills and prescriptions. With quick, collateral-free funds and flexible repayment options, a medical loan ensures you can focus on your recovery without financial stress. To make the most of a medical loan, estimate your total medical expenses, compare medical loan interest rates, and choose an EMI plan that suits your financial situation. Plan wisely, manage your health expenses with ease, and get the care you need without worrying about money.