Fill our online application form; mentioning your name, your contact number and other relevant details to help us in processing your application faster. It does not take more than 5 minutes!
Let us know your treatment details online by answering a few questions. This process would take no longer than 2 minutes.
Choose your Loan Term and we will approve your loan within minutes. Our finance partner’s algorithm uses the information about you, to determine your future potential and help you get the option of 0% interest rate.
Ovo Health medical loans assisted us by financing our diagnostic tests and fertility treatment when we had cash crunch. We are grateful to Ovo Health for the best financial assistance.
My husband and I are relieved as we did not have to struggle a lot for finding a trustable source for receiving money for my husband’s stage 1 Liver Cancer as we found Ovo Health loans.
I was facing a lot of difficulty with finances for my obesity treatment. Ovo Health medical loans helped me to a great extent and I received the money within a few days’ time.
My sister received the best guidance and assistance from Ovo Health team. In fact, the loan payback policies were very flexible. I really believe living in 21st century!
In the recent years, medical treatments in India have increased to a great extent. This has led to the increased demand of financial assistance for health checkups, surgeries as well as treatments. Medical treatment is one such critical parts of the healthcare system which needs to be addressed at the right time but only few individuals have the right precaution for themselves. So, you can clearly understand that most of the individuals are not prepared for this critical stage of their lives and require urgent financial assistance for the respective medical treatment or procedures. When you or any member of your family member needs medical treatment then you want funds to buy medicines and pay for the treatment procedure in advance. In such cases, medical loans are the savior in your lives. You need to know that nowadays, instant medical loans are also available for the individuals who are seeking urgent funds to pay for the medical procedures. One must not worry whether they or their family members are insured or not because of an instant and trustable solution provided by the medical loans. These days, medical loans are in greater demand than insurance policies in front of the eyes of younger generation because of its multiple benefits such as instant approval, quick disbursement of funds after approval as well as medical loan covers all health conditions. Medical loans come under the category of personal loans.
An instant medical loan is a type of loan which is designed for individuals who seek urgent money to pay for medical procedure. You can apply to an instant loan online and ensure that you receive the money as soon as possible, so that the medical procedure or surgery can get started. This is very useful in case of fertility treatments like IVF and ICSI and cosmetic surgeries like nose job, face lift etc. The best part is that you can apply for instant medical loan online and get the required funds at the right point of time which depends on your salary, city of current residence and other factors.
The Instant Medical Loan is usually provided by P2P lenders, Non-Banking Finance Companies (NBFC’s), Banks, Government Funds and Fintech companies. Ovo Health offers instant medical loans to salaried working professionals aged between 21 - 55 years. The amount provided by Ovo Health in the form of medical loans can be successfully utilized for paying the respective medical treatment bills. Benefits and Salient Features of Ovo Medical Loan:
- Quick Approval of Loan: Once you apply for an instant loan at Ovo Health, you will receive the funds within 24-48 hours. The best part is that the process is quite simple and any working professional can apply for it easily.
-No Collateral Needed: Ovo Health loans are unsecured. You do not need to put your assets at mortgage for an instant medical loan approval.
-Less Processing Time: Ovo Health utilizes its proprietary risk model for finding out the repayment capacity of the respective individual who has applied for medical loan. Therefore, once the verification is successfully completed then you will receive the funds within next 24 hours.
-Leeser Documents Required: The number of documents required for the completion of the procedure is least and it is digitally approved.
-Multiple Repayment Options: Ovo Health provides a range of options so that the individuals can repay the money back according to their comfort. You can pay the loan back within 6 months - 60 months of time period comprising of high EMI and low EMI paid for less number of months and more number of months respectively.
You should meet the below mentioned criteria to be eligible for an instant Ovo Health Loan:
Keep these documents handy to ensure quick processing of your loan application:
APR at Ovo Health falls in a range of 11.99% to 25%. Processing fees is low and lies between 1-3%. However, your personal information, work experience, past EMI payments is going to be the important factors while deciding the final quote.
|Medical Loan||Health Insurance|
|Enables you to use the loan amount for various health conditions be it fertility treatment, cancer treatment, cosmetic surgery or any other medical emergency.||Health insurance covers only specific number of health issues and not necessarily includes pre-existing medical conditions.|
|Medical loan amount can be used for many purposes including pre-hospitalization charges, surgery and even for the expenses of medicines after hospitalization.||Doesn’t include post hospitalization expenses.|
|Covers complete diagnostic tests prescribed by the doctor and the ones too costly to be managed right away.||Many of the insurance companies do not provide coverage for diagnostic tests and medicines resulting in separate cash arrangements at your end.|
|Have instant access to the cash even before treatment is started.||A mandatory completion of a waiting period where you are required to make payments initially only to get it reimbursed later on.|
|A medical loan can be used for all types of diseases or health conditions.||No coverage for sexually transmitted diseases, treatments related to pregnancy and cosmetic surgeries by most of the insurance providers.|
1. What is the maximum and minimum loan amount which can be availed by the loan applicant for medical treatment?
At Ovo Health, the loan amount comes in between Rs. 50,000 to Rs. 30 Lacs.
2. What is the age limit to apply for medical loan?
3. How much CIBIL score should I have to get instant medical loan from Ovo Health?
Your minimum credit score or CIBIL score should be 600 at least.
4. How much rate of interest will be charged on medical loan?
The rate of interest for a personal medical loan is based on the borrower’s income, CIBIL score, employer, age etc. However, Ovo Health obtains information from your application form and different other data sources to come up with a personalized loan offer for you. Our interest rates begins at 11.99%.For Example, Total cost of the loan on Rs. 100,000 loan amount is a maximum of Rs. 10,000 per year which includes all fees.
5. How can I apply for an instant medical loan at Ovo Health?
To apply online for a loan, mail us at [email protected] For queries, pleaseWhatsapp us on +91 826 826 0606.
Medical loans are one of the types of personal loans which are taken by patients to pay for the fees of the medical treatments and deal with medical debt reconciliations in the best possible manner. The medical loans offer various benefits to patients in terms of undergoing a smooth medical treatment. Medical loans are mainly useful in cases of patients who are planning to seek medical treatments, procedures, as well as medical emergencies in some cases.
Medical loans demand in India has increased to a great extent because of the rise in the expenses of the individuals with respect to medical treatments. Medical loans are the go to path for individuals who are finding troubles to pay for their medical treatments. As per one of the recent surveys and published reports of the same, it is found that Bangalore and Mumbai are the top metros which have ranked at the top of the list when the demand and use of medical loans is considered. This is followed by other cities such as Hyderabad, Delhi, Chennai, and Kolkata. There is also a trend of repeat loans which millennial population in India chooses to go for to finance the required medical treatments. (Source:Medical Expenses, EMI financing tops charts for reasons of millennial loans, The Hindu Business Line) The demand of medical loans is expected to rise to manifolds due to improved features associated with applying of the medical loans to receiving the total amount of the medical loans. While choosing medical loans under the concept of personal loans, it becomes important to understand different aspects of the loans to make sure that as a patient you do not face any kind of hassles right from the application process to the reception of the loan amount. Most of the patients find it difficult to arrange the required amount for the medical treatment at the same moment when it is required. This proves to be not only beneficial but also convenient for the patients while paying for medical treatments at the medical centres, clinics or hospitals.
There is a steady rise in the utilization of medical loans in India. This has led to increase in the availability of medical loans as well. More number of individuals are going for the medical loan path to find the extra funds which are required to complete the total amount for the respective medical treatment. According to key members of top financial organizations, it is agreed that there is a steep increase in the number of the individuals including salaried and self-employed professionals who are planning and moving ahead during their treatment with the assistance of medical loans. (Source:7 Game-changing personal loan trends that will make India future ready, MT) Medical loans seem to a simple route to financing medical treatments, but then it is important for the applications to get accepted. If the application gets rejected, then the respective individual needs to apply again for the chosen medical loan. This makes the individual value the procedure and accordingly prepare for the same. Digitization of the personal loans such as medical loans has also eased the task of the interested individuals to apply for the medical loans as per their requirement. There is stiff competition in the world of digital medical loans providers. This makes it much challenging for the individuals to save time and money while finding out the right medical loan provider for the treatment. These days one of the greatest changes which has arrived in the field of medical loans are flexible EMI's which are created as per the convenience of the individuals opting for the same. Nowadays, increasing number of firms are offering medical loans for helping patients to have effective and value-based treatments as required in their case. One of the excellent features which revolve around medical loans received via online platforms is that of ease in application for the same along with least number of documents required to get started with the loan processing procedure.
Instant Medical Loans are one of the fastest growing types of treatment assisting loans which are gaining a huge demand in the general population. This is happening especially in the case of the individuals including professionals who are not able to pay for the medical treatments with their own finances. Instant medical loans prove to be beneficial for the patients who require urgent assistance with respect to their medical treatments. You can seek the assistance of medical loans to make sure that your medical treatments sail through smoothly without making you face any kind of financial problems. The process of application is a simple one. Once you apply for the medical loan you will receive the funds within a day depending on the fulfillment of the eligibility criteria.
The sources from where the funds of medical loans are received on a regular basis include Government Funds, Banks, Non-Banking Finance Companies (NBFCs). In some cases, P2P lenders also play an important role in the funding the medical loan requests received from the patients in need. Ovo Health also offers medical loan solutions to ease up the treatment journey of the patients. This amount can be efficiently used in different medical treatments to have a smooth journey with respect to the respective treatment. Patients can now reap the benefits of the medical loans for their medical treatments such as chemotherapy, radiation, bariatric surgery, face-lift, nose job, In Vitro Fertilization (IVF), Intrauterine Insemination (IUI), procedures as well. Patients also go ahead and reap the benefits of other additional treatments as well to make sure that they fetch the desired results in the form of a positive pregnancy, thus leading to the birth of the baby. (Source:Get Personal Loans for Medical Emergencies, i2iFunding)
It is essential to make a smart choice while determining the right financial organization where patients can successfully apply for the medical loans. The rate of interest for the loans are calculated as per effective Annual Percentage Rate (APR). Usually, the interest rates which are associated with the medical loans range from very low at 5 to 6 percent to a very high interest rate of 20 percent. Therefore, it is important to choose the right loan provider to make sure that the required amount of loan is received for the medical treatment. The payment of the medical treatment related loans is paid such that the flexibility and monthly repayment amount is taken into consideration while paying for the loans. This helps patients to pay the loan amount as per their convenience. There are different types of loans based on variable and fixed interest rates. These are available for patients who want to collect funds for their respective medical treatment based on their current financial status. The time duration in which the medical loan amount needs to be paid back also plays a crucial in deciding the final cost associated with the medical loan. It is always important to find out the best medical loan option depending on the priorities of the patient. (Source:Medical Loans Basics: Should You Get a Medical Loan?, The Balance)
There are certain key features of the medical loans which are available in the form of personal loans for medical emergency. These features play an important role in determining whether an individual must opt for the respective medical loan.
These are some of the well-known benefits of opting for medical loans from Ovo Health which will help patients to successfully execute their respective medical treatment. Patients need to make sure that they weigh the pros and cons of the medical loans in their respective case and go with the best possible solution. This will help them in choosing best medical loan for their respective medical treatment.
When a patient faces a health related crisis, then it becomes challenging for him to go ahead with the treatment. This is because there is a lot of financial crisis which occurs due to lack of sufficient funds for effectively undergoing the chosen medical treatments.
While opting for a medical loan for any of the medical treatments, it becomes important for the patients to know the eligibility criteria which needs to be fulfilled at the time of filling the application form.
Here are some of the conditions which need to be followed while choosing a certain type of medical loan for the medical treatment in focus.
Medical loans offered to patients help in successful medical procedures and treatments in the following sectors:
While applying for a medical loan for a medical treatment, it is essential to know which documents are required to be submitted. This will help to understand the eligibility status of the respective individual applying for the loan. The types of documents required vary with respect to the profession of the individual. The important documents which need to be collected and submitted at the time of commencement of medical loan granting procedure include the following:
Documentation part plays an important part in finding out the eligibility of a working individual towards receiving the required amount under the concept of medical loan.
When opting for medical loans, it is important to know that Ovo Health medical loans offer much more benefits than that of other governmental and non-governmental organizations which provide medical loan facilities for the treatment of patients.