If something seems harsh in this life, it is healthcare costs. People end up spending a huge amount on health care each year. The rapid increase in healthcare prices has made many insurance companies introduce medical insurance plans.
Health insurance plans are designed to provide policyholders with financial assistance in the event of a medical emergency. When a person has medical insurance, most of his medical expenses incurred during hospitalization are covered by the medical insurance company. People can buy policies that cover a specific disease to get coverage for pre-existing conditions. Because of the rise in eye-related problems, insurance companies have begun to cover Lasik Laser Eye Surgery Costs.
In India, there are numerous medical insurance companies. However, not every person invests in health insurance plans.
People who work in government organizations do not necessarily need to buy an insurance plan because most of their medical expenses are covered or reimbursed by their department. But the problem is for those who work in the private sector. Most of them do not always have backup plans for medical emergencies.
So, what is the solution for people who don’t have any backup plan to cover their Lasik Laser Eye Surgery Cost? There are numerous financing options for Lasik laser eye surgery in India. And the same, we’re going to discuss in this article.
What is Lasik eye surgery?
Lasik eye surgery is a procedure in which people have their vision improved through the surgery. It is widely regarded as one of the most effective treatments for improving vision.
It is known to correct the vision of people who suffer from nearsightedness, farsightedness, or astigmatism. The surgery is carried out using cutting-edge techniques. Lasik eye surgery takes less than 30 minutes to complete. After Lasik eye surgery, the majority of people regain perfect vision- 6/6 or better.
Before the surgery, Lasik surgery specialists first examine your eye condition to understand whether or not you’re eligible for LASIK eye surgery. Hence, it is crucial to visit a reputable eye specialist to seek medical advice regarding the process.
How much does a LASIK eye surgery cost in India?
Lasik Laser Eye Surgery Cost varies based on numerous factors, including location, reputation, kind of surgery, facilities, etc. However, the average Lasik Operation cost in India is somewhere between INR 35,000 to INR 1,35,000 for both eyes.
Usually, Lasik Laser Eye Surgery Costs make people delay or postpone their surgeries, which is not wise.
That’s why we decided to talk about this topic so that you don’t have to wait or postpone your surgery.
Different Financing Options for Lasik Laser Eye Surgery in India
There are three different financing options for Lasik Eye Surgery in India, namely:
1.Debit Card EMI
2.Credit Card EMI
3.Consumer Loan
1. DEBIT CARD EMI
Most bank Debit Cards come with pre-approved spending limits that allow cardholders to purchase anything from electronic products to a medical service.
Usually, you can avail these services by sending an SMS to your bank. You can even visit your bank to get all the details about Debit Card EMI.
Features & Benefits
EMI at No Extra Cost.
A nominal convenience fee along with GST is charged.
You can convert your purchases into EMIs on your debit card.
You can choose a term from among repayment options tenure that fits your needs, ranging from 3 months to 36 months.
Instant approvals and disbursement.
No documentation is needed.
You get 100% financing to purchase the products and services you require without any deposit.
Who is eligible for EMI on Debit Card?
People who possess respective bank's Debit Cardholders qualify for this facility.
Charges and Fees
Charges and fees vary from bank to bank. You can visit your bank for details on the fee and charges on Debit Card EMI for your Lasik Laser Eye Surgery Cost.
Note: Banks do levy late payment penalties if your payment is delayed for any reason.
Pre-Closure Fee: Most banks also provide cardholders with the pre-closure facility with little or no pre-closure Fees. Pre-closure is nothing but to pay your outstanding before the tenure. The pre-closure fee is usually 2.5% to 3% of the outstanding principal plus GST.
Interest Rate: The rate of interest varies from bank to bank. Visit your bank for details on the interest rate on your Debit Card EMI.
2. CREDIT CARD EMI
We all know that we can use our credit cards to buy anything from smartphones to television. But do you know that you can also use your credit card to pay your Lasik Laser Eye Surgery Cost?
Yes, most banks provide credit card EMI options on a variety of products and services. So you can now use your credit card to pay your Lasik eye surgery bill and convert it into easy EMIs.
Features and Benefits
There is no additional charge.
You can get EMIs at no extra cost from leading hospitals at a nominal convenience fee plus GST.
You can convert your purchases into EMIs.
You get budget-friendly repayment options.
You can choose a tenure that meets your needs, ranging from 3 months to 36 months.
Instant approvals and disbursement.
There is no need for documentation.
You get 100% financing to purchase the products and services you require.
Eligibility for Credit Card Easy EMI
You must have a Credit Card from the respective bank offering Credit Card EMIs on Lasik Eye Surgery.
Your card must have a particular limit.
Charges and Interest
Fees and interest rates differ from one bank to the next. As a result, it is recommended that you visit your bank or contact customer service to learn more about the charges and interest on Credit Card EMIs.
Steps to avail Credit Card EMI
Step 1: Just gather information on your credit card.
Step 2: Select an EMI transaction on your credit card.
Step 3: Swipe your card at the hospital to settle your Lasik Laser Eye Surgery Cost.
Step 4: Leave with your perfect vision.
3. Personal Loans or Pre-Approved Loans
Most banks today offer personal loans to their consumers or account holders. You can avail of a personal loan to settle your Lasik Operation Cost in India.
All you have to do is contact your bank's customer support team to gather information on a personal loan and check your eligibility. Ask everything, including the tenure to repay the loan, interest on a personal loan, etc. With easy EMIs on branded products and services, availing of any medical service or branded product has never been easier. All you have to do is speak to a customer support executive, apply for a personal loan. These loans are often received within 24 hours, and you can repay your loan in manageable monthly installments.
How to get a consumer loan?
Call your bank's customer support team to get details of personal loans and check your eligibility. Some banks even offer pre-approved loans.
Your executive will send you a link in your mail. Click on that link and fill in the details required to receive your pre-approved or personal loan.
Call the bank's customer support team for help if you get stuck.
Features and Benefits
No-cost EMIs from leading hospitals.
There is no processing fee.
You can convert your bill into EMIs without incurring any fees.
You get cost-effective repayment options.
You can choose a term that fits your needs, ranging from 6 months to 36 months.
Instant approvals and disbursement.
No Documentation is required.
Hassle-free procedure.
There is no deposit required.
You get 100% financing to settle your Lasik treatment Cost in India at the hospital.
Eligibility Criteria
Salaried employees, 21 – 60 years (May vary bank to bank).
Self-employed individuals, 26 – 65 years (May vary bank to bank).
The person must have a salary or savings account in the respective bank. Minimum and Maximum loan amounts vary from bank to bank.
Fees and Rate of Interest
Charges and interest vary from one bank to another bank. So, the best is to contact your bank for details on pre-approved loans or personal loans.
Documentation Required for Pre-approved Loans
More often than not, there are no documents required to avail of pre-approved loans. However, some banks do ask for documents. So these are the documents that you may need to submit before availing personal or pre-approved loan from your bank:
Salaried employees' most recent photo ID: PAN Card
Copy of Aadhar Card, Passport, Driving License, or Electricity Bill for address proof.
Self Employed people need to submit their latest ITRs with the statement of income computation.
Conclusion
So, in the absence of health insurance, these are the various financing options you can use to settle your Lasik Laser Eye Surgery Cost.
Before you use any of these options, make sure you have all of the information you need. You must be aware of the interest rate, repayment period, credit (loan) amount, and so on.
Aside from your bank, many private finance companies, such as Bajaj Finserv provide various credit loan options for people looking for ways to pay for Laser surgery.
In fact, some hospitals offer EMI options to their patients. You can inquire about this at your local eye clinic. You can even contact us for different financing options that we offer. Contact us to schedule an appointment.