An emergency can disrupt your finances in no time. Unplanned medical treatment or emergency repairs to your home can disrupt your budget and strain your income.
When you need hassle-free access to funds, consider a personal loan for emergencies. As an unsecured loan offer, you can get the money you need anytime.
Read on to find out what an emergency loan can offer and why it’s emerging as a popular solution for your urgent needs.
You can apply online for quick access to funds
The best feature of an emergency loan is that you can apply for it online from the comfort of your home. The personal loan application process is easy to complete and you can get your application approved.
All you need to do is meet the personal loan eligibility criteria mentioned on the lender’s website and submit your basic documents. In this way, you can meet urgent needs in no time, without spending too much effort on the application and other procedures.
You need to tackle minimal paperwork for faster approval
Submitting documents can be stressful if the lender requires too much paperwork, especially when you are pressed for time. This is why lenders such as Bajaj Finserv offer instant personal loan which only requires minimal documents such as your ID proof and income documents.
This makes the submission process faster and leads to faster verification. As the loan is unsecured, you do not need to provide any documents as collateral! It also reduces the approval time.
You can get money in the bank in no time
Due to its simple terms, lenders disburse an emergency personal loan quickly and directly to your bank account. Thanks to this, you can deal with emergencies in a timely and hassle-free manner. You can get the Bajaj Finserv personal loan in just 24 hours from online approval which only takes 5 minutes when you qualify for the loan based on simple eligibility requirements.
You can access high value sanction flexibly
With this quick emergency loan, you can access a great value sanction. Depending on your profile, Bajaj Finserv can offer you up to Rs.25 lakh as personal loan for employees.
Moreover, by choosing the Flexi loan facility over the Bajaj Finserv personal loan, you can withdraw funds multiple times according to your needs and only pay interest on the amount used. This helps you meet unpredictable emergency needs with ease and at a lower cost. Additionally, you can choose to only pay EMI interest for the initial period of the term to free up money for other urgent needs. This helps you reduce your EMI by up to 45%*.
You can repay the loan comfortably after meeting your immediate needs
Compared to using a credit card, which requires you to repay the borrowed amount within a short period of time or charges high interest when you do not repay on time, a personal loan usually gives you 1 to 5 years to repay comfortably. It helps you manage your NDEs easily and allows you to deal with the emergency without stress. For example, you can repay the Bajaj Finserv personal loan in up to 60 months.
With easy access to finance available in an instant, you don’t have to worry about dipping into your savings. All you need to do is have a good CIBIL score and meet the eligibility criteria to get a competitive personal loan interest rate.
To explore your options now, verify your pre-approved offer from Bajaj Finserv by entering just three details. This will further accelerate your chances of getting quick approval for a cost-effective emergency loan.