In the quest to make healthcare facilities easily available, Bookmymedtrip has teamed up with top banks and NBFCs to provide a medical loan. Bookmymedtrip facilitates patients to avail loans ranging from INR 30,000 to INR 50 lac without collaterals at Interest rate ranging from 10% to 24 %.
Typically, the medical loans are offered on either of the following interest rates –
1. Fixed interest rate - For this type of medical loan interest rate, the rate remains constant and doesn’t change over the tenure period of the loan. This type of loan is suitable for patients with a fixed budget and lower tenure as they can plan the repayment cycle easily.
2. Floating interest rate - For this type of medical loan interest rate, the rate depends on the fluctuations in the market economics. Floating interest rate changes with the inflation and deficit in the market rate. These types of loans are suitable for longer tenure medical loans.
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