ICICI Bank ICICI Bank

Want us to call you back?

Give us a few details for us to help you!

SUITABLE FOR

Instant funds without any collateral

  • Loan up to ₹50 lakh

  • 100% Digital Process

  • Affordable Interest Rate

  • Flexible Tenure

How to Apply for Instant Medical Loan

FAQs

What is a Personal Loan for Medical Emergency?

A Medical Loan is a Personal Loan which covers unexpected medical expenses. It offers quick approval, minimal documentation, zero collateral, ensuring immediate financial assistance.

How fast is the loan processing and disbursal?
ICICI Bank offers instant approval and quick disbursal upon successful application. Funds are credited immediately after approval, ensuring timely support during medical emergencies.

Does a Personal Loan for medical expenses offer tax benefits?

No, Personal Loans, including those for medical emergencies, do not qualify for tax benefits under the Income Tax Act. However, they offer quick access to funds without requiring collateral.

What are the key features of an ICICI Bank Personal Loan for Medical Emergency?

  • Loan Amount: Based on eligibility, with quick approval

  • Interest Rate: Starts from 10.85% per annum

  • Repayment Tenure: Flexible options from 12 to 72 months

  • Processing Fee: Up to 2% of the loan amount + GST

  • Zero Collateral: No security or guarantor required

  • 100% Digital Process: Apply online anytime, anywhere

Can I foreclose my Loan with ICICI Bank?

Personal Loan foreclosure facility is extended to all customers availing a Personal Loan with ICICI Bank. Customers can foreclose their Personal Loan after the payment of at least one EMI. However, foreclosure charges (and taxes) will be applicable as per the service charges.

Disclaimer

PROCEED