A personal loan for a medical emergency may be able to spare you from a number of unwelcome circumstances. Whether it’s you or a member of your family, the uncertainties of life make it even more crucial. An informed person always understands where to invest, particularly in the healthcare industry. A personal loan for a medical emergency will give you more confidence to handle unwelcome occurrences. Additionally, it lessens the individual’s overall stress level as they deal with the medical issue. Additionally, this enables him or her to approach the unplanned incident with clarity and analysis.
Recently, we all experienced the unforeseen outbreak of COVID-19 which wrought havoc and caused a medical emergency in the whole world. Such a critical situation demands a Personal Loan or that extra financial assistance from outside which protects the individual and respective family members.
Below are 7 diseases which may require medical emergency loan to get cured.
- COVID-19
Most Common Symptoms: fever, cough, tiredness, loss of taste or smell
Why should one apply for a Personal Loan for COVID-19?
The outbreak of COVID-19 took the world by storm. The unknown nature of the coronavirus created havoc among medical professionals. The imposition of lockdowns and the invention of vaccination have helped the world to fight against the disease. After two years of the outbreak of COVID-19, there is still ambiguity about the disease.
If you have any of the above symptoms, you must directly contact the concerned doctor. If the symptoms are mild or moderate, you can take medicines prescribed by the doctor and recover at home. In case of critical condition, you need to hospitalize the patient. The Personal Loan will cover the cost of diagnosis, hospitalization, medicines, consulting, etc.
- Cancer
Symptoms (Early signs of cancer): fever, night sweats, cough, changes in skin and digestion, pain, tiredness and fatigue, unexplained weight loss, lumps, or growths on the body.
Why should one apply for a Personal Loan for cancer?
33 percent of cancer death is caused by tobacco, alcohol, low fruit, and vegetable consumption high body max index (BMI), and not getting enough physical activity. Cancer requires a lot of mental and emotional strength for both the patient as well as the family members. If you notice any of the above-mentioned symptoms, you must visit the doctor and get yourself checked. It is important to treat cancer at the earliest stage. A Personal Loan will come in handy at such times to cover a part of the treatment.
- Coronary Artery Disease (CAD)
Symptoms: Aching, heaviness, burning, squeezing, pressure, tightening
Causes: weakness, nausea, cramping, dizziness, uneasiness, indigestion, sweating, heartburn
Why should one apply for a Personal Loan for coronary heart disease?
According to a recent study released by the Global Burden of Disease, about 25% of all deaths in India are due to cardiovascular diseases. Treatment of any disease can be expensive, especially if it is related to the heart; CAB is difficult to treat and if left untreated, can even lead to heart attack or stroke. With few lifestyle changes such as regular exercise, a healthy diet, and avoiding smoking can help you reduce the risk of CAD. If you feel heavy chest pain and breathlessness, you must immediately visit your doctor. Treatment of CAD can cost you lakhs of rupees, hence, Personal Loans for medical emergency will help to cover such huge expenses.
- Chronic kidney disease (CKD)
Symptoms: High blood pressure, weak bones, nerve damage, anemia (low blood count), poor nutritional health
Why should one apply for a Personal Loan for chronic kidney disease?
Chronic kidney disease can be detected at any age. Two third cases of chronic kidney disease are caused due to diabetes and high blood pressure. Also, there are causes such as glomerulonephritis, Autoimmune diseases, inherited diseases, and other causes. If you or any family member notice any of these symptoms, you must directly visit the doctor. The doctor may perform a CT scan and run a few of the early tests to determine the exact issues. Treatment for chronic kidney disease may take time which involves a lot of expenses. Having a Personal Loan in such a situation will help to cover expenses such as lifelong administration of supplements, immunosuppressants, and steroids.
- Lung Diseases
Symptoms: discomfort or pain while breathing, constant cough, coughing up blood or mucus, shortness of breath
Causes: air pollution, intake of chemical gases such as uranium, beryllium, vinyl, arsenic, chloride, smoking, passive smoking
Why should one apply for a Personal Loan for lung diseases?
With the rise in pollution and change in the climate, we can see a lot of people getting affected by lung diseases. Lung diseases are also widespread in India, including lung collapse, asthma, tuberculosis, and COPD (Chronic Obstructive Pulmonary Disease). The cost of medicine, healthcare, and treatment can cost you lakhs, which you might consider covering with a Personal Loan.
- Liver cirrhosis
Symptoms: Weight loss, nausea, loss of appetite, fatigue, easy bleeding or bruising, itchy skin, jaundice, ascites
For men: loss of sex drive, testicular atrophy
For women: absent or loss of periods not related to menopause
Causes: Chronic alcohol abuse, infection such as syphilis or brucellosis, liver diseases, etc.
Why should one apply for a Personal Loan for Liver cirrhosis?
Liver cirrhosis is one of the most common causes of death in India ranked by WHO. If you are someone who has an unhealthy lifestyle or constantly consumes alcohol, you must regularly visit the doctor for constant checkups. Liver damage can cause health issues that need immediate attention and care. If the condition is severe, you might also need a liver transplant which is an expensive procedure. The high cost involved in the treatment requires financial support from external sources. This is where a Personal Loan will help you to take care of expenses while treatment is going on.
Also Read :- 10 Reasons for Why You Must Take a Personal Loan for Medical Treatments
- Dementia
Symptoms: loss of memory, confusion, disorientation, difficulty in communication, reasoning or problem solving, handling complex tasks
Causes: damage to nerve cell or loss of nerve cell
Why should one apply for a Personal Loan for dementia?
Generally, dementia involves loss of memory, which is one of the early signs of the condition. It requires long-term care at home including home-based formal and informal care and nursing care. Mostly affecting the elderly population, it is a syndrome characterized by impaired memory, behavior, and thinking, which affects daily activities. People with dementia need lifelong support which is very expensive to meet. Proper care and prevention such as a healthy diet, healthy lifestyle changes, quitting smoking, and treating health conditions such as depression or anxiety will help you reduce the effects of dementia. Moreover, having a Personal Loan while dealing with dementia will help you deal with the condition financially.
Benefits of Personal Loan
The above-mentioned 7 diseases which may require medical emergency loan to get cured require a great deal of financial planning and preparedness. Also, there are other benefits of Personal Loan. We know generally people raise their eyebrows when they think or hear about Personal Loans. The unpleasant experiences and complicated process of opting for a loan demotivates the majority of individuals. Also, having less to no accurate knowledge about the Personal Loan and aspects related to it creates a major impact on the decision-making.
To resolve your issues, we are here to help you with understanding the benefits of a Personal Loan.
Quick approval: Gone are those days when you had to wait for days to get a loan. You can get a Personal Loan within days or even within hours.
No security required: With your stable job and salary, you can apply for a quick Personal Loan without keeping any assets as security.
Less documentation: Unlike other loans, a Personal Loan is an unsecured loan with no collateral. This reduces the overall documentation process while applying for a Personal Loan.
Zero foreclosure/pre-payment charges: You don’t have to worry about penalties or charges if you decided to repay the loan. Also, there are no charges for pre-payment of the loan. This gives you the freedom to plan better for your future.
Usage Convenience: There can be various situations where you might have to use the money to which you have applied as a Personal Loan. With a Personal Loan, there is a convenience that you can use the money as per the requirement and needs of the situation.
All these benefits of a Personal Loan can be availed at Credit Success. Our wide range of Personal Loan services caters to a wide range of customers according to their needs and requirements.
