Are You Eligible?
Given below are the eligibility requirements to avail loans at CarePal Money
Nationality
Indian
Age
23 to 65 Years
Residency Type
Owned or Rented
Credit Score
650 or higher
Employment Type
Salaried, Self-Employed
Monthly Income
INR 18000 or higher
Work Experience / Business
Continuity 1 year
Why Choose CarePal Money?
Hassle Free Approval
No Collateral Required
Quick Disbursal Time
Completely Flexible Tenure
Minimal Documentation
Easy Online Installments
CarePal Money Schemes
Choose from a variety of flexible and customized lending schemes here:
| Scheme | Tenure (in months) |
Advance EMI* | Remaining EMI** |
|---|---|---|---|
| 4/1 | 4 | 1 | 3 |
| 6/1 | 6 | 1 | 5 |
| 9/3 | 9 | 3 | 6 |
| 12/4 | 12 | 4 | 8 |
| 18/6 | 18 | 6 | 12 |
| 24/9 | 24 | 9 | 15 |
*To be paid by the customer to the hospital.
**To be paid by the customer to NBFCs.
Disclaimer - changes subject to schemes being available in the hospital.
Examples
| Sr. No. | Particulars | Amount |
|---|---|---|
| a | Loan Amount | ₹1,20,000 |
| b | Scheme | 12/4 |
| c | EMI to customer for 1 month (a/12) | ₹10,000 |
| d | Advance EMI to be paid by customer to hospital | 4 |
| e | Advance EMI to be paid by customer to hospital (c*e) | ₹40,000 |
| f | Remaining EMI to be paid by customer to lender | 8 |
| g | Remaining EMI to be paid by customer to lender (c*f) | ₹80,000 |
| h | Total repayment by the customer (e+g) | ₹1,20,000 |
| Sr. No. | Particulars | Amount |
|---|---|---|
| a | Loan Amount | ₹40,000 |
| b | Scheme | 4/1 |
| c | EMI to customer for 1 month (a/12) | ₹10,000 |
| d | Advance EMI to be paid by customer to hospital | 1 |
| e | Advance EMI to be paid by customer to hospital (c*e) | ₹10,000 |
| f | Remaining EMI to be paid by customer to lender | 3 |
| g | Remaining EMI to be paid by customer to lender (c*f) | ₹30,000 |
| h | Total repayment by the customer (e+g) | ₹40,000 |
Calculate Your Loan EMI
Loan Amount
Tenure
Interest Rate
Your Calculated EMI
₹XYZ,123,12
FAQs
-
What is CarePal Money?
CarePal Money is a Lending Service Provider (LSP) that helps you cover the cost of elective medical treatments in partnership with RBI regulated entities/ NBFCs. Convert your medical bills into pocket-friendly EMIs with CarePal Money by availing of healthcare loans starting at 0%* EMI. CarePal Money will disburse the loan amount through partnered NBFCs.
-
Who can apply for a loan
with CarePal Money?
Any Indian citizen above the age of 23 years and below the age of 65 years can apply for healthcare loans at CarePal Money.
-
What is the interest
charged on loans availed from
CarePal Money?
Interest rates for loans availed on CarePal Money start at 0%*. Apart from this, you can choose from a variety of lending schemes having different terms and conditions including flexible interest rates. To know more about our lending schemes, connect with us at [email protected] / [email protected] or 1800 121 8200.
-
How do I apply for a loan
through CarePal Money?
Fill out the online loan application form provided on the website here. Get quick approval for a credit line of up to ₹5 Lakh online.
-
What are the documents
required for loan approval?
CarePal Money follows a thorough due diligence process where one submits their Aadhaar Card / Voter ID / Driving License / Passport, PAN Card Number and other necessary documentation based on the required loan amount and/or credit profile.
-
How 0% Financing (No
cost-EMI) works?
A no-cost EMI is an offer where you can pay for a product or elective medical treatment in affordable monthly installments with zero interest on your chosen tenure. This means that you are only paying for the total price of the product, with no charged interest.