Difference lies majorly in faster process, NO collateral and for medical purposes, which banks generally don’t provide

All applications are routed through our partner healthcare providers

The first payment is due on the 5th of every month after the patient is discharged from the care facility.

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No, Hospikash plays no role whatsoever in determining type of care to be provided.

Hospikash doesn't define a maximum figure for the amount that can be borrowed. The goal is to work with the borrower to ensure that the total amount and EMIs are affordable and that the amount is enough to cover the particular health needs.

Ideally, we would like to see (1) address proof, (2) ID proof, (3) proof of ownership, and (4) proof of income. But we can work with whatever documents you are able to bring with you.

The online application process will guide you and result in an instant approval, if all criteria are met. In the manual process, the Hospikash Counselor will begin by asking some basic questions about your background, income sources, etc, and will then ask some forward looking questions about your plans for the future. The process should take about 3-4 hours. And that's it!

Hospikash generally lends to a family member, so yes, you can take a loan for a family member. However, Hospikash does not allow people to take loans on behalf of friends or other acquaintances.

If you apply online, chances are that you will get an instant approval. If not, an Hospikash counseller will speak to you soon to complete the formalities. In case of a physical application, Hospikash is able to reach and share a decision within 24 hours of meeting with the borrower. Our average turnaround time is about 3 hours (In case of emergency it could be as little as 3 hours.

Hospikash transfers the money directly to the provider so the patient's care can begin immediately.

There is a documentation charge of Rs 500 and one time 2% processing fee.

Hospikash prefers post-dated checks (PDCs) but if the borrower is not able to provide them, Hospikash works with the borrower to explore alternate options.

The first payment is due on the 9th of every month after the patient is discharged from the care facility.

The tenure of the loan depends on the borrower's need but cannot exceed 4 years.

The loan is to be used only for medical needs. The loan, once approved, is disbursed directly to the caregiver (i.e. hospitals, nursing homes) ensuring proper use.

The EMI depends on the borrower's eligibility and on the amount and duration of the loan taken. We work with the borrower to make sure the EMIs are affordable.