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Medical bills can be costly and can easily reach up to the thousands mark. Since insurance policies may not cover certain pre-existing conditions, a medical loan in the Philippines can help you pay for the costs of medical treatment or surgery. Some health insurance policies require you to pay for your medical bills upfront before you can reimburse what you spent.
In general, medical loans in the Philippines can lend you as much as four times your monthly salary.
The best personal loan for your medical bills is the one with the lowest interest rate. By finding a low-interest loan, you save yourself a lot of money on interest payments. Besides comparing interest rates, see if you can also find a medical loan in the Philippines with waived processing fees and other benefits that will lighten the load of your monthly repayments.
The interest rate varies depending on the bank you will get the loan from. This can range from 15% - 18%.
Paying for medical bills is a common purpose for Filipinos to apply for personal loans. This is why more banks are trying to help by providing financial assistance for medical bills.

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