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Everything had been going well for Ritu, professionally and personally, until the unfortunate morning of April 7th’ 2020. She woke up to the news of her father wheezing, and asked him to get admitted to the hospital at the earliest. She was praying the double vaccination would help her father feel better soon.
Sadly, things took a U-turn, and her father was put on a ventilator in a week. Call it a miracle or work of prayers, from a 2% chance of survival, her father gained consciousness and signs of recovery 20 days after being put on the ventilator.
With a sigh of relief came another shocker – her father’s medical insurance was exhausted, and the hospital was charging INR 1L a day which included the expensive covid management medicines, vaccinations, oxygen, ICU charges, etc.
She knew her monthly salary of INR 80,000 was not enough to pay for the hospital charges, and she didn’t know when her father would be discharged. Being an only child, she had to look after her covid affected mother at home and run to the hospital to get daily updates on her father. Covid made physical meetings between everyone impossible, but her friends stuck by her. They contributed to her father’s treatment, but she still had to come up with INR 5L.
One of her friends, Nikhil, asked her to not wait anymore and get the necessary funds through a bank loan and pay later at convenience, and to just focus on getting her father back home. Because of this sound advice, Ritu applied for an instant personal loan with IndusInd Bank at one of the lowest interest rates in the country and got the funds within a day. With her father’s miraculous road to recovery and the worry of paying for additional medical expenses behind us, she shared the benefits of availing a personal loan at a low-interest rate for medical emergencies with her friends.
Health insurance may not be enough
Ritu’s experience taught all her friends that having health insurance may not be enough in some cases and that a backup option never hurts. While no one bothers to buy expensive medical insurance with a high premium for healthy parents and themselves, you never know when a medical problem can hit, evident in the case of coronavirus.
A personal loan by IndusInd Bank can come to the rescue because of the following reasons –
Quick processing time:
With IndusInd Bank, the entire application process is 100% online which hastens the process. Applicants, after completing the V-KYC, can expect to see the funds credited to their account in 24-48 hours.
Pay for medical expenses:
Use the loan amount to pay for urgent medical treatment. A personal loan for medical reasons can cover all kinds of medical expenses which can be restricted in a health insurance policy.
Opportunity cost:
With IndusInd Bank’s instant personal loans, there isn’t a need to pledge gold or dive into an existing investment such as term deposits, etc. and bother about future growth. By availing a personal loan with us, you can get quick cash without liquidating your assets and continue to earn rewards and dividends on them. Do note that the potential to earn more income on such assets is more than the cost of the loan.
Minimal paperwork:
With IndusInd Bank, you don’t need to provide extensive paperwork to avail personal loan. Simply provide your PAN card and Aadhaar card details to get the best personal loan offers.
Instant approval:
With our complete digital process, the approval process is quick, and you receive urgent funds without worrying about the next day.
A medical issue can be a cause of severe anxiety. Ritu was lucky to have friends who had the financial knowledge to steer her in the right direction. Be someone’s Ritu or Nikhil today and apply for a personal loan for urgent medical expenses with IndusInd Bank. Get in touch today to know more.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
