4 Smart Ways to Raise Fund Fast During a Medical Emergency
A medical emergency is something that does not strike before striking you. When you are faced with a medical emergency, then you need substantial cash flow.
And to do that, you don’t need to liquidate your savings and assets. Yes, to overcome the needs for funds, you can rely on multiple smart ways. Let’s check out four of them that can help raise funds during the medical emergency!
Must Read: Advantages of Availing a Personal Loan For Medical Emergency
- Medical emergency loan
The first thing is opting for the medical emergency loan. It is an extension of the personal loan that is designed to meet the needs of the medical emergency. Based on your eligibility, you can get an amount of up to Rs.25 lakh. You can also manage your expenses by repaying over a flexible tenure of up to 60 months.
2. Loan against fixed deposits
Other than the medical emergency loan, you can also gather funds by applying for a loan against fixed deposits. The final loan amount will depend on the deposited amount as lenders only sanction a part of it.
3. Loan against your credit card
The next thing is availing the loan against your credit card. Yes, you can avail the unutilized card limit as the loan and use it during the medical emergency. You can repay it just like any other conventional loan in easy EMIs. And the best part is that you don’t need to pledge any collateral.
4. Crowdfunding
Several online platforms now let you gather funds for serious concerns, and one of them is when you have a medical emergency. It is by using crowdfunding. However, Crowdfunding is still in an infancy stage in India and yet to evolve.
With so many options to raise funds when you have a medical emergency, you can easily go for one of them and cover your needs quickly.
Must Read: Best Possible Ways To Avail Medical Emergency Loan
