Quick Medical Loan
Who can get a Digido loan?
- A medical loan is a type of loan that you use for medical purposes.
- You can borrow money if you or a family member gets sick.
- Digido does not give out medical loans at this time.
- However, you can still apply for a personal loan from Digido and use the money for your personal needs, such as buying medicine.
A medical loan is a kind of credit that you use for health purposes. You can borrow money if you or some of your relatives are sick. You apply for a medical loan if you must to pay hospital bills or buy medicines that are expensive.
The focus of our discussion today is medical loan in the Philippines. Most medicine payments in the Philippines are known to be out-of-pocket, especially when receiving care in private institutions. Insurances cover only a small part of the costs. The Philippine population is growing, and with it the cost of the health care industry. In 2018, they amounted to an estimated 766.9 billion Philippine pesos. (1) By the end of this tutorial, you will learn how to apply for medical credits, where to get them, and what requirements you need to prepare.
- In only 4 minutes you can Receive Up to PHP 25,000
- Get your first loan with 0% interest Rate
Can I Take a Medical Loan at Digido?
At the moment Digido is not issuing medicine loans. For now, it only offers standard personal loans. Nonetheless, this should not prevent you from applying for a loan from Digido. You can still apply for a personal credit at Digido and use the money for your personal demands. For example, you can buy medicine or pay for a carer to look after your relative.
Here are the requirements of Digido for a personal loan:
- You should be a Filipino citizen;
- You should be between 21 and 70 years old;
- You should be employed or be able to provide a proof of income source;
- You should have a Philippine mobile number.
- Your mobile number must be active. A Digido employee is going to call you and use this phone number to verify your details.
- Before you may apply for a loan, you should sign-up for an account online.
The great thing about a loan in Digido is that you do not have to go to any physical location. There is no need to stand in a queue. Once you are approved, you will also get your funds deposited to your bank account. By the time you have to pay, you also do not need to go to a bank or any physical location. You can make online transfers to pay your credit.
If you borrow from Digido, you want to know that there are no installment options here. You have to pay the debt in full plus the interest.
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