Emergency funds are a medium that provides you with a buffer to help you live trouble-free in times of need, like a medical emergency. These funds are of utmost importance and make you less dependent on credit cards or going for a loan with high-interest rates.
People who have experienced an unforeseen expense arise, especially during a medical emergency, can probably tell you the importance of an emergency fund. They know how a fund helped them reach their financial goals and how hard it was for them to get the needed financial assistance. As with most finance-related issues, preplanning for the coming storm is a key factor in the lives of every human.
In India, almost 40% of people are living from paycheck to paycheck. This is the result of a total budgeting failure. Almost all of us are struggling with reduction in salaries, fall in profits, and lower interest rates on deposits, and we often fall short of money to provide for our needs first. Most people in India are running short of funds in 21 days and don’t realise how they will survive 21 years of retirement.
It is common for us to avoid medical emergency funds because of our lifestyle. We often buy what may not be necessary for us, and fail to differentiate between need and greed. The word ‘SALE’ attracts us and we tend to spend all that we must have saved for emergencies.
A medical emergency incurs unnecessary expenditures and disturbs your monthly budget. Medical expenditure inclusive of the treatment, medicines, surgery, and post-care procedures, can burn a hole in your pockets. When you are not ready to face this grim situation, an instant loan in Indore and other cities can be an ideal source to raise immediate funds.
There are many medical loan financers in Indore. You can find loans at variable interest rates and choose the one that suits your needs. With the medical loan in hand, it is easy to balance your monthly expenditure. An emergency medical loan from GMoney can be a saviour that helps you generate quick money in less time. You can arrange for funds within a few hours.
If you are looking for an instant medical loan, then GMoney can help you. GMoney offers medical emergency assistance by providing you with funds at the time when you need them most. You can apply online for easy loan application and quick disbursal with GMoney.
GMoney frees you from the problem of breaking your savings, asking for funds from a relative, selling jewellery, or mortgaging a property when financial help is required. Just log in to the GMoney site and get funds in less than 30 minutes.
GMoney provides you the liberty to pay for your medical treatment of any type, including surgeries. With the funds from GMoney you can pay for cosmetic surgery, get dental treatment, infertility treatment including IVF, weight loss surgery, chemotherapy, or any other surgeries.
Any salaried or working professional who is a resident of India can apply for medical assistance funds from GMoney. It is a 100% online process and you just need to share your Aadhar card, pan card, salary details, and bank information. Once KYC is confirmed, funds are directly transferred into the hospital account, freeing you from any botheration to pay for your medical bills.