My Mudra Medical Loans

Financial Assistance For Your Best Treatment

We have designed our Medical Loan to be easy, fast, and comfortable. Because medical emergencies do not give enough time to get stuck in managing funds. When time is of the essence, you can count on us.

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Medical Loans

 

Eligibility Criteria of Medical Loans


A medical emergency can put you in a stressful situation. This may further grip you in mental and financial havoc. To help you equip with such situations, we ensure you get medical emergency funds without much hassle at My Mudra.

 

Our eligibility and documentation criteria are quite simple and easy to meet. You will always look for us once you avail Medical Loan facility through us.

 

Eligibility Criteria for Applicants of Medical Loan

 

· You should be either salaried or self-employed

 

· At the time of application minimum age should be 21 years

 

· The applicant should be 60 years old at the time of loan maturity

 

· Applicant should be employed at private limited companies or public sector undertakings

 

· Applicants with credit scores of 750 and above have higher chances of availing of Medical Loans at lower interest rates

 

Documents Needed

 

· ID Proof (PAN card, Aadhar card, voter ID, driving license, passport)

 

· Address Proof (passport, electricity bill, telephone bill, Aadhar card, voter ID, driving license, PAN card)

 

· Salary slip for last 3 months

 

· Form 16

 

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eligibility

How to improve your Medical Loans Eligibility?

Follow these tips to improve your Medical Loans Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.

improve-eligibility

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We collaborate with the best and biggest in the banking & financial world to get you relevant products at great rates.

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Your Data Is Secure With Us.

We employ best-in-class security practices and procedures to keep your information secure every time.

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Security

From taking regular backups to using stronger passwords, we strictly prohibit any kind of unauthorized access of your crucial data, corruption, or theft throughout its life cycle.

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We identify all the different ways your privacy could be at risk and have prepared safeguards to help you protect yourself online with us. Your privacy is important to us.

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Compliance

We are ISO 27001:2013 and SOC2 Type 2 compliant which instills trust into the hearts of our customers. We are secured with SSL and a certified GSP (GST Suvidha Provider).

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