Key Features:

Purpose: To cover sudden and unexpected medical expenses that arise from illness or injury. 
Accessibility: Often offered with faster processing times and potentially easier eligibility criteria than standard personal loans. 
Flexibility: The funds can be used for a wide range of medical needs, including hospital stays, medication, therapy, and specialized procedures. 
Repayment: Typically structured with flexible repayment options, helping individuals manage the loan without causing undue financial strain. 

Benefits:

Quick Access to Funds: Medical emergencies are often time-sensitive. This means that you'd require to arrange the funds as quickly as possible to ensure that your loved one receives timely medical care.
Zero Collateral: As Personal Loans are unsecured, you are not required to provide any collateral or security for the loan.
Flexible Tenure: Personal Loans are now available for 12 months to 60 months.
Minimum Eligibility Requirements: Even the Personal Loan eligibility requirements are minimum.