New Delhi [India], Feb. 17 (ANI): Among all the personal loans the medical loan is the most crucial one which is often required on an urgent basis by the applicants.

Recently a host of Financial technology(Fintech) and Non-banking financing related start-ups have been launched in India providing a variety of medical loans to the clients.


InCred provides a broad portfolio of loan-related products including Affordable housing loans, Education loans, Small and medium-sized enterprise loans and Consumer loans.

According to the company data, 25 percent of the total loans taken from the company are the medical loans availed within consumer loans.

So now InCred has initiated a separate category for medical loans at a lower interest rate of 11.5 – 24 percent.


The Bangalore-based firm operates on an end-to-end digital platform enabling the transfer of funds within 24 hours of receiving the online application.

It is currently providing loans in three categories including Auto loan, medical and the ticket size ranging between Rs. 50,000 to Rs. 10, 00,000.

Arogya Finance

This start-up is structured in a way that it will directly pay the medical bills of an individual to the respective healthcare centre.

Arogya finance is exclusively dedicated to the healthcare sector in 70 cities across 14 states.

The loan is provided for a tenure ranging across six months to 48 months at a 0% interest rate for the initial year followed by six percent for two years, eight percent for three years and nine percent for four years.

Further, a processing charge of two percent is levied on each loan.


Termed as a medical assistance company Credihealth has partnered with banks, NBFC and various financial technology players like Rubique to provide the medical loans to its clients.

The borrowers could apply for the loans on the Credihealth website ranging from Rs. 30,000 to Rs, 50,000 for a period of six months to four years.

The company has claimed to sanction the emergency medical loans within 24 hours.

Tata Capital

Tata Capital offers medical loans to provide finance to patients for treatments including knee replacements, dental care, maternity care and orthopaedic surgery. The lending rate is in the range of five percent to 11 percent, according to the nature of treatment and the credit profile of the patient. They focus on treatments which often not covered by insurance. (ANI)