How to use your Aadhaar card to get a medical emergency loan?

The environment is safer than before thanks to the vaccinations. However, there can be breakthrough infections in a spur. Hence, whether the lockdown has lifted and things are getting back to normal, it is necessary to save enough for any time medical emergencies. Medical situations can often exhaust your savings, so it is better to go for a medical emergency loan instead of breaking years of savings or fixed deposits. Despite health insurance policies, you may need that extra money that can solve your financial issue. 
 
Therefore, when the question of health arises, you may need immediate medical attention and care, and for that, you may need sufficient funds for the best hospitalization. So how do you get instant money for a medical emergency?
 
To get an instant medical loan you need to keep your Aadhaar card handy.  Aadhaar Card is an important document when it comes to getting an instant personal loan like a medical emergency loan. An Aadhaar card consists of a 12-digit number issued by UIDAI to the residents of India to confirm their identity with ease.
 
Hero FinCorp instant personal loan app is one such loan app that offers instant financial relief for medical reasons, between Rs.50,000 -1,50,000 with a low-interest rate and minimum documents.
 

Paperless Documents for Medical Emergency Loan

 
An instant personal loan taken for medical purposes or any other reason involves a complete digitized process. Minimal and hassle-free documentation decreases loan processing time and ensures faster approval in seconds. Listed below are the mandatory documents for a medical emergency loan:
 

• Identity proof such as Aadhaar card/PAN card/ Smart card Driving License
• Income proof such as last 6months of bank statement of an active bank account

 
An Aadhaar card and PAN card are mandatory documents to get a medical emergency loan online. Without an Aadhaar card, KYC verification is not possible which can hamper loan approval.

Features >Features & benefits of a medical emergency loan using Aadhaar cardamp; benefits of a medical emergency loan using Aadhaar card

An Instant medical loan using an Aadhaar card procures seamless features and benefits which cannot be ignored when a medical emergency strikes. Let’s have a look at the features and benefits of availing of an instant loan using an Aadhaar card and how it works well when a medical emergency occurs: 
 
• Instant approval and disbursal with real-time verification
• Flexible repayment option starting from 6 months - 24 months
• Affordable interest rate with low processing fees
• Collateral free loan, only your income is the collateral for getting a loan
• Using Aadhaar card
• No physical documentation is required 
• Credit score is not the only criteria to get the loan approval
 

Apply for a medical emergency loan with the help of an Aadhaar card

 
An emergency loan is an instant cash loan easily available online with various trusted financial institutions and NBFCs. The lenders witnessed the need for emergency funds. Thus, instant personal loan apps were created with a simple interface for fast approval using basic documents like Aadhar card: 
 

Here are simple steps to apply for an instant emergency loan online

 
Step1: Install the instant cash loan app via Google Play Store from your android phone.
 
Step 2: Register with your mobile number or email id
 
Step 3: Enter the required loan amount, tenure and monthly EMI calculated using the in-built loan EMI calculator
 
Step 4: Further, enter your Aadhaar card number and PAN card number for E-KYC verification
 
Step 5: Mention the purpose of the loan
 
Step 6: Finally, after the documents are submitted and verified, the loan is directly disbursed to your bank account
 
With the above loan procedure, it is evident that without an Aadhaar card, you will not be eligible for a medical emergency loan. Moreover, the loan application can get rejected if the borrower’s Aadhar details are missing.