How FlexPay Can be Used for a Medical Emergency?
A medical emergency loan is like a personal loan that you can use to meet your unforeseen expenses. When a medical emergency hits you, applying for credit with FlexPay can help you get access to funds quickly. FlexPay has a simple online loan application process with fast approval. When you apply for a loan with FlexPay, you will get approved for a line of credit from which you can use the money for your emergency needs. Interest is charged only if you use money from your approved credit limit.
Why is FlexPay the Best for a Medical Emergency?
- Online application process: FlexPay has a 100% online application process with instant approval, making it the best for emergency needs. By providing just the basic details such as your name, age, income, contact details, and PAN details, you can apply and get approval for a loan easily.
- No collateral and no credit check: FlexPay offers unsecured loans. When you need a medical emergency loan, FlexPay makes it fast and easy, and moreover, you don’t necessarily need to have a great credit score.
- Easy eligibility criteria:
- Must be an Indian Citizen
- Must be above the age of 21
- Must have a minimum salary of ₹8,000
- Big credit limit: Starting from Rs. 4,000 up to Rs. 2,00,000 you can borrow any amount as a medical emergency loan from FlexPay.
- Minimal documentation and digital verification: Documentation is minimal as you can upload all the documents online using our mobile app. The verification process is also completed through online KYC via a video call.
Documents Required to Get a Loan for Medical Emergency
- Aadhaar card
- PAN card
- Address proof
- Salary Slip (last 3 months)
- Bank statement (last 3-6 months)
- 1 passport size photograph
- Instant approval and disbursement: Since no physical verification is done, credit approval is instant after online KYC. Once the loan is approved, there is no waiting time to disburse the funds. You can see the cash in your account within a few hours.
How Does FlexPay Work?
FlexPay emergency loan works like a revolving line of credit. You can use the FlexPay app to make payments by scanning the QR code after entering the amount payable. Whether at hospital counters, for medical tests, or paying the chemist’s bills; you can complete your transactions easily with our extra credit that you have access to. If you want to withdraw cash, you can simply do it by transferring the money from your FlexPay account to your bank account in one click and then withdraw the money. FlexPay can be an all-in-one solution for all your emergency needs.
The FlexPay emergency loan is provided only to salaried professionals, and if you are one, this can be the easiest monetary help you can have in a medical crisis. Without asking for collateral, you can get credit up to 2,00,000 within a few hours.