Get Your Emergency Loan Approved Within 3 to 72 hours From These Banks

Get Your Emergency Loan Approved

Sometimes you can't prevent certain incidents like accidents or other casualties affecting your body. In a bid to get your body reshaped, you would be requiring funds on an urgent basis. Funds will be required for admission charges, expenses on surgery and room rent, etc. So you look to avail the option of credit card, mediclaim, support from friends and relatives. But all that help may turn out to be insufficient to cover the medical treatment expenses. So what will you do? Scratch your head or find the right solution. If your answer is the latter one, then we can help you in a big way.

Medical emergency loan, categorized under personal loan, is offered by most leading banks across India, including ICICI Bank, HDFC Bank, SBI, etc. Even some financial institutions like Bajaj Finserv, Fullerton and Arogya Finance provide such loans to customers within 24-72 hours of submitting the application. Diseases covered under medical emergency loan include corneal implant, angioplasty, congenital heart surgery, coronary artery bypass graft surgery, surgery for replacement of heart and knees, laser assisted hatching, among others. Want to know medical emergency loan in detail, please read the points below.


  • HDFC Bank account holders can apply online for medical emergency loan. Non-account holders will have to go to HDFC Bank branch to avail the loan.
  • There is an algorithm that tracks your account, CIBIL score and cash flow. After getting assured on these fronts, loan will get sanctioned in just 10 seconds
  • The disbursal takes around three days
  • Minimum work experience required is two years, and you must have been working with your current employer for at least a year
  • Minimum and maximum loan that you can avail from HDFC for medical emergency is Rs 50K-15 lakhs
  • Interest rate ranges between 12.75-19.50%
  • Repayment period of 1-4 years
  • Processing fee at 2% of the loan amount
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  • Apply online and call 24×7 customer care centre or walk to the branches of the bank to avail medical emergency loan
  • The loan is approved within 72 hours
  • Minimum work experience required is two years
  • You can avail loan in the range of Rs 50,000-15 lakhs depending on your income and the capacity to repay the debt
  • Interest rate of 13.49-17.50%
  • Repayment period of 1-5 years
  • Processing fee of 2-2.25% of the loan amount

State Bank of India

  • You can visit the bank branch or apply online for medical emergency online
  • Minimum and maximum loan amount kept at Rs 50,000 and Rs 2 lakhs, respectively
  • Interest rate is 14.5%
  • Processing fee 0.5% of the loan amount
  • Processing fee can be waived if you have a regular housing loan account with SBI
  • Repayment period of 1-5 years in easy EMIs

Arogya Finance (Bangalore,Chennai, Delhi-NCR, Kochi, Kolkata, Mumbai, Patna, Ranchi)

  • If you are advised medical treatment, but do have the funds to undertake the same. You can take help of Arogya Finance
  • Arogya Finance will check your credit worthiness via pyschometric test
  • The decision comes within 3-48 hours
  • Arogya pays the hospital fees directly if loan is approved
  • Just like any other loan, you can repay it within 12-60 months

Kindly see below the eligibility criteria of emergency loan


CriteriaSalaried ProfessionalsDocumentation
Age23-58 years Identity Proof- Driving License/ Passport/ Voters ID / PAN Card (any one)
Net Salary Minimum salary of Rs 17,500 per month, 25,000 for applicants residing in Delhi, Mumbai, Kolkata and Chennai. Rs 20,000 for people living in Chennai, Hyderabad, Bangalore, Pune & Kolkata Residence Proof:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one)
Total years in job/profession Minimum 2 years Last 3 months Bank Statement (where salary/income is credited)
Years in current residence 1 year Salary slips for last 3 months
2 Passport Size photographs
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CriteriaSalaried ProfessionalsDocumentation
Age21-60 years Identity Proof: Passport/voter ID card/driving license
Net SalaryAt least Rs 12,000 per month, Rs 15,000 for people residing in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, CochinAddress Proof: Ration card/telephone or electricity bill/rental agreement/passport
Total years in job/professionAt least 2 years of experience, 1 year with current employerLast 3 months bank statement/6 months bank passbook
Years in current residence 1 yearLatest salary slip/ current dated salary certificate with the latest Form 16

State Bank of India

CriteriaSalaried ProfessionalsDocumentation
Age21-58 years Identity Proof-Passport/Voter ID Card/Driving License
Net SalaryMinimum monthly salary of Rs 5,000Signed application form with photograph
Total years in job/profession2 yearsProcessing fee cheque
Years in current residence1 yearLast 3 months bank statement/6 months bank passbook
Latest salary slip
Current dated salary certificate with the latest Form 16

(Updated on:21st October,2016)

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Personal Loan Interest Rates September 2023
Fullerton India12.00% - 24.00%
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates September 2023
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.85% - 9.40%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%