FAQs

• How does the instant loan approval work?

Credit eligibility is determined post Aadhar and PAN verification, and terms of the loan are offered under a minute

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• Is the credit/loan offered directly by RainyPay?

We work with multiple RBI-registered NBFCs that make the credit available for patients

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• How does "Pay in 3, interest-free” work? 

You can split your medical bill into three equal payments over three months, with zero interest. For example, if your bill is ₹30,000, you'd pay ₹10,000 per month for three months

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• What happens after the 3-month interest-free period?

If you need more time, we offer low-interest, flexible repayment plans. Terms are clearly given in the term sheet for transparency.

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• How is this different from a regular personal loan?

Our offerings are designed solely for healthcare expenses, offering quicker approvals, more flexible terms, and the unique 3-month interest-free period that most personal loans don't provide 

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• How much credit can be availed?

Loan amounts typically range from ₹5,000 to ₹5,00,000, depending on your needs and eligibility 

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• What's the exact process to get financing? 

The process is simple: 

1. Fill out our quick application form with basic details and loan requirements

2. We quickly review your application and give you an instant decision.

3. If approved, the funds are made available immediately.

4. You can then use these funds at partner hospitals to pay for your medical expenses.

5. Repay according to the plan you choose.

 

• What kinds of medical expenses can I finance? 

A wide range of medical expenses are covered, including OPDs, elective surgeries, dental work, vision care, and even some alternative therapies. You can also request for your procedure to be financed, by getting in touch with us.

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• How does the payment at the hospital work? 

All treatments costs are paid for by RainyPay directly against the invoice raised by partner hospitals. 

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• What if I can't make a payment?

We understand that financial situations can change. If you're having trouble making a payment, contact us as soon as possible. We'll work with you to find a solution, which might include adjusting your repayment plan

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• What documents do I need to apply? 

You'll need your Aadhaar and PAN card to get pre-approval. Furthermore, at the time of disbursal a proof of income, and details of the medical expense you're financing shall be sought

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