What are the terms and conditions of the health loan (e.g. interest rate, repayment schedule, collateral)?

The terms and conditions of a health loan can vary depending on the lender and the specific loan product. However, here are some general terms and conditions that may apply:

1. Interest rate: The interest rate on a health loan can vary depending on the lender and your creditworthiness. It is usually a fixed rate of interest and is generally lower than the interest rate on a credit card.

2. Repayment schedule: The repayment schedule for a health loan can vary from lender to lender. Some lenders may offer repayment periods ranging from 12 months to 60 months. The repayment schedule may also depend on the amount borrowed and your creditworthiness.

3. Collateral: Some lenders may require collateral, such as a house or a car, to secure the loan. However, many health loans are unsecured, meaning they do not require collateral.

4. Eligibility: The eligibility criteria for a health loan may include factors such as your credit score, income, and employment history. Some lenders may also require you to have a specific health insurance policy.

5. Loan amount: The loan amount that you can receive depends on the lender and the specific loan product. Typically, health loans can range from a few thousand rupees to several lakhs.

It is important to carefully review the terms and conditions of any health loan before applying, and to ensure that you can comfortably meet the repayment obligations.