{"id":902,"date":"2020-07-09T02:01:54","date_gmt":"2020-07-08T22:01:54","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=902"},"modified":"2020-07-27T14:15:52","modified_gmt":"2020-07-27T10:15:52","slug":"a-personal-loan-for-medical-emergency-is-the-right-choice","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/","title":{"rendered":"Personal Loans For Medical Emergency Is The Right Choice To Make, Here&#8217;s Why?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Unforeseen medical emergencies necessitate substantial funding requirements for medical expenses. To meet such urgent financial needs, unsecured loans like <a href=\"https:\/\/moneymall.ae\/#RequestAccess\"><strong>personal <\/strong><strong>loans<\/strong><\/a> can easily be a viable solution. Loan disbursal takes place within 24 hours allowing the ease to move ahead with the treatment. In this article, we have covered not only this but also a number of other reasons why a personal loan can be the right option during a medical emergency. Continue reading\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400\">Apart from your emotional health, a medical emergency in the family can also impact your financial health. As the healthcare costs are shooting through the roof in UAE, medical procedures can cost a lot of money and drain your savings. A smarter alternative in such situations is taking a personal loan. Personal loans are unsecured loans, which can be taken for managing many different types of financial emergencies. Let us have a look at four reasons that make personal loan an excellent choice for managing medical expenses:<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/top-10-personal-loans-in-uae\/\">Top 10 Personal Loans In UAE for July 2020<\/a><\/strong><\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23432c4f6c6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23432c4f6c6\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/#No_need_for_collateral\" >No need for collateral<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/#Get_quality_medical_care_at_the_hospital_of_your_choice\" >Get quality medical care at the hospital of your choice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/#Instant_availability_of_funds\" >Instant availability of funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/#Fixed_interest_rate_flexible_tenure_options_and_easy_repayment\" >Fixed interest rate, flexible tenure options and easy repayment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/#How_to_apply_for_a_personal_loan_during_a_medical_emergency\" >How to apply for a personal loan during a medical emergency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/a-personal-loan-for-medical-emergency-is-the-right-choice\/#What_are_the_documents_required_for_a_personal_loan_during_a_medical_emergency\" >What are the documents required for a personal loan during a medical emergency?<\/a><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: center\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/9-best-personal-loans-in-uae-for-2020\/\">9 Best Personal Loans in UAE for 2020<\/a><\/strong><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"No_need_for_collateral\"><\/span><b>No need for collateral<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">You need not provide any security or collateral to avail a <strong>personal loan for medical emergencies<\/strong>. Being an unsecured loan, this emergency loan allows the borrower to avail credit without the need to pledge or mortgage any asset. Incidentally, the application process becomes <strong>hassle-free and time-saving<\/strong>. Once you fulfil the <strong>eligibility criteria<\/strong>, your online loan application will be approved within minutes. <strong>Financial institutions<\/strong> may even disburse the funds within a day or two after validating your documents. Since consumer finance is collateral-free, it eliminates the need for the <strong>personal loan borrowers<\/strong> to provide any sort of asset-related documents to the bank or lender. Thus, this prevents complications in the process and also saves time.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Get_quality_medical_care_at_the_hospital_of_your_choice\"><\/span><b>Get quality medical care at the hospital of your choice<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Lack of funds often makes people select substandard hospitals in case if there is any medical emergency in the family. An added disadvantage may be that <strong>health insurance policies<\/strong> may not cover for all ailments or you may find that the hospital that is near to you does not fall under the network of your medical insurance policy. With the help of a personal loan, you can ensure that you select a <strong>quality healthcare provider<\/strong> and receive the best treatment. The <strong>quality of healthcare<\/strong> plays a significant role in a lot of medical cases, and a <strong>personal loan<\/strong> can help you pick the best treatment for yourself or for a family member.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Instant_availability_of_funds\"><\/span><b>Instant availability of funds<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Time is of the essence during a medical emergency. Thanks to <strong>digitalization<\/strong>, you can now apply for a <strong>personal loan online<\/strong> and get it quickly approved. Even the documentation process of top lenders is now fairly simple and transparent, making personal loans an ideal option for managing financial emergencies. Moreover, the funds are directly deposited into your bank account to enhance the convenience further.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/5-low-interest-personal-loans-in-uae\/\">5 Low-Interest Personal Loans In UAE You Must Know About<\/a><\/strong><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fixed_interest_rate_flexible_tenure_options_and_easy_repayment\"><\/span><b>Fixed interest rate, flexible tenure options and easy repayment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Most of the lenders offer personal loans on fixed interest rates. This ensures that the interest on the loan remains the same throughout the loan tenure, adding a lot of transparency to your finances. Moreover, the repayment tenures are now highly flexible. You can now easily get personal loans of up to <a href=\"https:\/\/moneymall.ae\/credit-blog\/5-balance-transfer-credit-cards\/\"><strong>AED<\/strong><\/a> 1 million for up to <strong>60 months<\/strong> from reputed lenders to easily manage your financial needs. Keep in mind that you can tailor repayment as per your convenience, provided you have chosen the best bank for a <a href=\"https:\/\/moneymall.ae\/#RequestAccess\"><strong>personal loan in UAE<\/strong><\/a>. In order to choose the best one, compare banks and <strong>financial institutions<\/strong> on the basis of their <a href=\"https:\/\/moneymall.ae\/credit-blog\/5-low-interest-personal-loans-in-uae\/\"><strong>personal loan interest rate<\/strong><\/a>, <strong>processing fees<\/strong>, <strong>tenure options<\/strong>, and other features &amp; benefits.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_apply_for_a_personal_loan_during_a_medical_emergency\"><\/span><b>How to apply for a personal loan during a medical emergency?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Applying for a <strong>personal loan for medical emergencies<\/strong> is <strong>hassle-free<\/strong> and can be done online on the official website of the <strong>bank\/financial institution<\/strong>. You will need to fill up an application form and <strong>upload some documents<\/strong>. The <strong>loan amount<\/strong> will be credited to <strong>your bank account<\/strong> once your details are verified. Thus, even the documentation process of some of the leading banks is simple and hassle-free, making a personal loan is the best choice for managing a medical emergency or any sort of financial emergencies. As mentioned,\u00a0 the personal loan amount is directly disbursed into the borrower\u2019s bank account in no time.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_documents_required_for_a_personal_loan_during_a_medical_emergency\"><\/span><b>What are the documents required for a personal loan during a medical emergency?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">lease note that the documents required will vary from lender to lender and depend on the type of occupation, i.e. if you are salaried or self-employed. However, in most cases, the borrower must present the following documents to avail a personal loan for a medical emergency:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>Identity Proof<\/strong> &#8211; Identity proof of the borrower is mandatory<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>Address Proof<\/strong> &#8211; The borrower must also present proof of his\/her current address.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>Proof of Income<\/strong> &#8211; The latest 3 months\u2019 salary slip or certificate is required<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><strong>Bank Statement<\/strong> &#8211; Recent 3 months bank statement of the borrower is a must<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/5-tips-keep-your-bank-account-safe\/\">5 Basic Tips To Keep Your Bank Account Safe &#038; Secure<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">Medical emergencies often occur when you least expect them. With the availability of instant personal loans for health, you now have an option that you can rely upon for managing such emergencies. Make sure that you look for a top financial institution for taking a personal loan to experience the utmost convenience and offer quality healthcare to yourself or your loved one.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unforeseen medical emergencies necessitate substantial funding requirements for medical expenses. To meet such urgent financial needs, unsecured loans like personal [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[103,106,105,262,261,260,259,104],"class_list":["post-902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loans","tag-amount-for-a-personal-loan-in-uae","tag-apply-for-a-personal-loan-in-uae","tag-eligibility-for-a-personal-loan-in-uae","tag-hassle-free-personal-loan","tag-personal-loan-for-medical-emergencies","tag-personal-loan-in-uae","tag-personal-loan-interest-rate","tag-personal-loan-interest-rate-in-uae"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=902"}],"version-history":[{"count":5,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/902\/revisions"}],"predecessor-version":[{"id":1193,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/902\/revisions\/1193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/903"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}