How to opt for health care treatments on EMI with debit card?

Snneha Lukaa
February 25, 2020 0 Comment

With healthcare treatments in India becoming expensive, many financial institutions have started offering EMI facilities that you can avail against your debit card. Since medical emergencies can arise anytime and if you don’t have a sufficient health cover, you are likely to find yourself in a spot. At such times, opting for EMI facility on debit card is the best choice. Since not all individuals are eligible to get a credit card or even a personal loan instantly, debit card EMI can be the best option one can cater to. With EMI on debit card facility, one does not necessarily need to worry about having a credit card. 

Using a debit card is a great way to go cashless as it allows you to pay shopping bills, mobile bills, insurance premiums, EMIs and carry out other transactions digitally. Additionally, the card also allows you to withdraw cash as per your requirement. The card is linked to your bank account from which the money is withdrawn in case of an online or offline transaction. The EMI on debit card facility thus ensures that you can comfortably pay  off the medical bills without having to worry about the finances and even the credit eligibility.

  • Dental treatment
  • IVF treatment
  • Cosmetic treatment and others

How to opt for health care treatment with EMI with a debit card?

To on EMI using a debit card, follow the below steps:

• Check the list of hospitals and clinics the bank has partnered with.

• Submit KYC details online or offline at the partner’s store. Submission of KYC documents is mandatory.

• Continue with paying the down payment amount

Types of treatments you can pay for with EMI on debit card

To to pay for healthcare treatments on EMI using a debit card, all you need to do is:

  • Visit the hospital or clinic your bank has partnered with
  • Pay the down payment amount
  • Avail loan and get the treatment done

Benefits of opting for healthcare treatment  on EMI with a debit card

  • No additional documents required
  • No collateral
  • No minimum balance required in your bank account
  • Zero cost EMI options on leading brands (this facility may vary from banks to banks)
  • No processing fees
  • Money is not blocked from your savings account
  • The minimum purchase value of Rs. 5,000. (This feature may vary from bank to bank).

How to check eligibility for buying mobile on EMI with a debit card?

To know if you are eligible to buy a mobile on EMI with a debit card, do the following:

SMS DCEMI <SPACE> <LAST 4 DIGITS OF YOUR DEBIT CARD> to the number provided by the bank

Or you can also check eligibility online by logging in to your banks’ net banking website. Check in the offers section and check for EMI on a debit card.

If your application is approved, you will receive an SMS or email from the bank, informing you about your eligibility amount. However, if you are not eligible, you will be notified through email or SMS. 

If you wish to buy a phone online in India, then you can also use the EMI on debit card options online on platforms such as Amazon or Flipkart.

Apply with Credit Fair

If you are not eligible to buy opt for a medical treatment on debit card EMI, then you can apply for a loan with Credit Fair. With Credit Fair, you can easily pay off your medical bills at  ZERO COST EMIS for flexible tenures ranging from 3 months-24 months. If you have a low credit score or are new to credit, then getting a loan from Credit Fair can help you build a strong credit score while also help you pay off the medical bills on time.