Yes, online donation-based crowdfunding for social, medical, and personal causes is legal in India. The Securities and Exchange Board of India (SEBI) considers all forms of crowdfunding legal in India except for equity crowdfunding. Specific crowdfunding organisations are registered under the Income Tax Act as charitable trusts. Contributions made to such donation platforms are eligible for income tax deductions under section 80G.

In just a few minutes, you can start a fundraiser on ImpactGuru - India’s leading online crowdfunding platform. Depending on your fundraising needs and the type of fundraising plan you choose, the fee is deducted as a certain percentage from the amount you raised.

ImpactGuru even offers online fundraising at a 0% platform fee to help you receive the maximum funds raised through an online campaign. All this will help you save on medical bills, gradually overcoming high medical debt. Therefore with zero cost, you can easily raise more money for treatment without worrying about your future financial crisis.

Money contributed towards your fundraiser on ImpactGuru - India’s trusted fundraising website, is considered a donation or a gift, and you are not liable to return the money at any point. This no-payback liability ensures you can pay for a medical or personal need without worrying about debt.

In online crowdfunding, you don’t have to pay back the goal amount you raised, which is impossible when taking a personal loan for a medical emergency. Also, an individual doesn’t have to pay high interest to raise funds for treatment compared to bank loans that include a high-interest rate for medical bills. You don’t have to pay back anything to a crowdfunding platform when raising money to get help pay for your medical treatment. All you need to do is to create a fundraiser first.

You can immediately start a fundraiser on ImpactGuru and add relevant images and information to inform donors why you require funds. ImpactGuru will then reach out to verify your information through identity proofs, medical bills, and other relevant documents. Start creating your fundraiser for medical expenses and get stepwise help from our experts to run it!

You can request a withdrawal once your fundraiser has raised a certain amount. Once ImpactGuru verifies your bank details, the funds will be transferred within a few working days. You can request multiple fund withdrawals as and when required.

At ImpactGuru, one can raise funds for anything - from diseases as rare as Spinal Muscular Atrophy (SMA) or common yet deadly illnesses such as cancer and kidney failure to even accident-related injuries. Medical crowdfunding on ImpactGuru empowers you to raise funds for any medical emergency. You can gain further clarity by contacting us here: [email protected] or 1800 891 2903.

Medical crowdfunding and medical loans are two distinct methods of financing healthcare expenses. Here are the key differences between taking a medical loan, and raising money online through medical fundraising:
a) Source of funds:

• Medical crowdfunding: Funds are raised by many people, typically through an online crowdfunding platform. These contributors can include friends, family, acquaintances, and even strangers who support the cause.
• Medical loans: Funds are borrowed from a financial institution, such as a bank or a specialized medical loan provider, which must be paid back over time with interest.

b) Repayment:

• Medical crowdfunding: Generally, there is no requirement to repay the funds received through crowdfunding, as the money is raised through donations.
• Medical loans:Borrowers are required to repay the loan, including principal and interest, over a specified period according to the loan agreement.

c) Interest and fees:

• Medical crowdfunding:While most crowdfunding platforms charge a small percentage of the funds raised as a fee, there is usually no interest charged on the funds received.
• Medical loans:Interest rates and fees are applied to medical loans, increasing the overall cost of the loan over time.

d) Impact on credit score:

• Medical crowdfunding:Raising funds through crowdfunding typically does not impact the borrower's credit score.
• Medical loans:Borrowing a medical loan can affect the borrower's credit score. Timely repayment of the loan can improve the credit score, while late or missed payments can negatively impact it.

e) Eligibility and approval:

• Medical crowdfunding:There is usually no stringent eligibility criteria to start a medical crowdfunding campaign. However, the success of the campaign depends on the ability to attract donors and effectively communicate the need for funds.
• Medical loans:Eligibility for medical loans depends on factors such as credit score, income, employment history, and existing debts. Approval can take time and may not be guaranteed.

Both medical crowdfunding and medical loans have their advantages and disadvantages. The right choice depends on individual circumstances, financial needs, and the urgency of the situation. It's essential to carefully consider your options and evaluate the potential benefits and drawbacks of each method before deciding on how you’d want to finance your treatment. If you do plan on raising money online for emergency medical funds, without taking a medical loan, ensure you use top rated fundraising platform or website such as Impact Guru. You can fundraise for your medical causes from a network of 30 lakh donors on Impact Guru, which has been consistently rated as one of the best online fundraising platforms for nonprofits and financing medical expenses.

In 2014, Impact Guru was set up to offer a more compassionate solution to those fighting critical illnesses and to empower individuals and communities to help those in need. Over time, Impact Guru has strived to be the best fundraising platform and has made it very easy for patients to raise money online on our platform.

• Focus on social causes: Impact Guru primarily targets social, personal, and medical causes, making it an appealing choice for individuals and organizations looking to raise funds for these purposes
• User-friendly interface: The platform is designed to be easy to use, with a clean layout and intuitive navigation, making it simple for campaigners to create and manage their projects.

• Multiple payment options: Impact Guru accepts a wide range of payment methods, making it convenient for donors from different countries to contribute.
• Global reach:Impact Guru supports fundraising campaigns from all over the world, giving it a broad audience and increasing the chances of campaign success.

• Dedicated support:The platform offers dedicated support to campaigners through its team of crowdfunding experts, helping them create compelling campaigns and reach their fundraising goals.
• Marketing assistance:Impact Guru also offers marketing support, including social media promotion and email marketing, to help campaigns gain visibility and reach their target audience.

Impact on credit score:

• Medical crowdfunding:Raising funds through crowdfunding typically does not impact the borrower's credit score.
• Medical loans:Borrowing a medical loan can affect the borrower's credit score. Timely repayment of the loan can improve the credit score, while late or missed payments can negatively impact it.

You can raise money, for free, on Impact Guru. If you need emergency money now, crowdfunding can be a reliable way to raise funds online. Impact Guru is one of the top crowdfunding platforms to raise money for medical treatment or medical expenses. Our network of 30 lakh+ donors can help with donations for your cause. Impact Guru has been rated as one of the best donation sites in India. Genuine and transparent crowdfunding processes ensure that you raise money for treatment in record time with the help of donations from our generous donors. Some of our best fundraising campaigns have raised money in record time for various causes, including fundraising for non-profits. Thus, being rated as one of the top fundraising platforms in Asia, we highly recommend starting a free fundraiser on Impact Guru.

Crowdfunding can be an effective way to raise money for medical treatments when you're facing financial difficulties. Here's how crowdfunding can help you when you need money for your treatment:

• Financial support: By creating a crowdfunding campaign, you can share your story and ask for donations from friends, family, and even strangers. This can help you gather the funds needed to cover your medical expenses, such as hospital bills, medication, therapy, or surgery.
• Emotional support: Sharing your story and asking for help can create a community of supporters who not only contribute financially but also offer emotional support during your treatment journey. This can provide a sense of comfort and encouragement during a challenging time.

• Spreading awareness:A crowdfunding campaign can help raise awareness about your medical condition and the challenges you're facing. This can educate others about the importance of timely treatment and may even inspire them to support similar causes or take preventative measures for their own health.
• Networking opportunities:By reaching out to your network and beyond, you might connect with people who have experienced similar situations, medical professionals, or organizations that can provide additional support, guidance, or resources.

• Reducing stress:Medical treatments can be both physically and emotionally taxing. Crowdfunding can help alleviate some of the financial stress associated with your treatment, allowing you to focus on your recovery and well-being.

• Medical crowdfunding:Raising funds through crowdfunding typically does not impact the borrower's credit score.
• Medical loans:Borrowing a medical loan can affect the borrower's credit score. Timely repayment of the loan can improve the credit score, while late or missed payments can negatively impact it.

To start a crowdfunding campaign for your treatment, choose a reputable platform like Impact Guru that caters to medical causes, create a compelling campaign by sharing your story and needs, and promote the campaign to your network and beyond. Remember to provide regular updates and express gratitude to your supporters throughout the process.
With crowdfunding, you need not take an emergency medical loan for your treatment. Our network of charitable donors will donate to your fundraising campaign. Rest assured, you will be able to complete your treatment in time, without taking a medical loan. These donations can also help to reduce your medical bills.

Impact Guru has been consistently rated as one of the top crowdfunding platforms in India. We ensure the best online fundraising experience for our campaigners, with a transparent process that enables you to raise funds when you need money urgently, without relying on medical loans. You can accept donations from any part of the world, and medical crowdfunding can be one of the best ways to reduce hospital bills. Create an online appeal for financial help for your treatment and let us help you cover your medical expenses on our donation platform. So, what are you waiting for? Go raise funds for your medical treatment today with Impact Guru!

Yes, Impact Guru is a donation-based crowdfunding platform that primarily focuses on social, personal, and medical causes. Individuals and organizations can create campaigns on Impact Guru to raise funds for various purposes, such as medical emergencies, disaster relief, education, and environmental projects. Donors can contribute to these campaigns and support the causes they care about.

Impact Guru offers a user-friendly interface, multiple payment options, and dedicated support to help campaigners create and manage their projects effectively. In addition to raising funds, the platform helps spread awareness about various causes and enables campaigners to build a community of supporters. You can create a free fundraiser campaign on our site and accept donations from anywhere in the world. Creating a crowdfunding campaign on our platform is easy and fast. Medical crowdfunding is one of the best ways to cover your treatment expenses and reduce your medical bill, without taking a medical loan. With Impact Guru, you can be assured to raise money through crowdfunding from one of the top fundraising platforms in the world.

Please note that while Impact Guru allows people to raise funds through donations, it's essential to research and understand the platform's terms and conditions, as well as any fees or charges that may apply, before starting a campaign. We request you go through our terms and conditions on our website before starting a fundraising campaign.

We strive to obtain comprehensive documentation related to the patient's medical care and expenses. We communicate with the patient / campaigner / hospital(s) and/or medical institutions and may verify & collect all documents related to the patient, including but not limited to itemized bills, medical certificate / estimate, admission report, discharge summary, medical records, and expense documents.

We reserve the right to conduct physical visits and/or photo/ video verification as deemed necessary. Such verification measures may apply not only to patients but also to vendors, medical institutions, and other relevant parties, as applicable.