By pardeepsharmaOn

If you face an emergency and want to tackle it without liquidating your assets and savings, then there is a handy solution. 

Contents hide
1 Here’s why the emergency personal loan is the best bet
1.1 Loan amount of up to Rs.25 lakh
1.2 Instant loan approval
1.3 Funds disbursement within 24 hours
1.4 Dead easy to meet eligibility conditions
1.5 Flexible repayment tenor

You can opt for the quick loans online for emergencies and avail a considerable amount. Based on your creditworthiness, you may be eligible for an amount up to Rs.25 lakh. 

It is also possible to check how much loan amount you are eligible for. It is by using the personal loan calculator for eligibility. The online tool is available for free on a leading lender’s website. 

If you want to know how a quick personal loan for an emergency may help you deal with urgency, here is a post to read!

Here’s why the emergency personal loan is the best bet

  • Loan amount of up to Rs.25 lakh 

When you are dealing with an emergency, you may like to have a higher loan amount. It is where the quick personal loan may help you get up to Rs.25 lakh. You can also enjoy no restrictions on the end-use of this loan amount. The personal loan interest rates for loan customers with a CIBIL score of 750 or more may be available on the lower side. 

  • Instant loan approval 

The last thing you would like to face while dealing with an emergency is waiting for an indefinite period for the loan approval. Leading lenders design their personal loan for emergencies for this situation only. Hence, when you apply for it, they may instantly sanction your loan request if you are the right loan candidate. 

  • Funds disbursement within 24 hours 

After getting the loan approval, you may not have to wait for a long time to access the loan money. Reputed lenders in India may disburse the loan amount within 24 hours into your bank account. 

  • Dead easy to meet eligibility conditions 

The eligibility condition for availing the instant personal loan is less complicated. The standard eligibility conditions and documents required are as under: 

  • You need to be a resident citizen of India. 
  • Your age should be between 23-55 years. 
  • You need to be employed with an MNC, Public and a Private Limited Company. 
  • Your credit score should be 750 or more. 
  • KYC documents. 
  • Employee ID Card.
  • Last 2 months’ Salary Slips. 
  • Previous 3 months’ Salaried bank account statements. 

The eligibility conditions and documents required are standard, and it may vary from lenders to lenders. You should check out the precise eligibility criterion and the documents required. They are enlisted on the website of the lender that you want to apply with. 

  • Flexible repayment tenor 

One of the key benefits of applying for the instant personal loan for an emergency is the flexible repayment tenor. When dealing with an emergency, you don’t have to worry about repaying the loan instantly and also for monthly interest rate and hampering your outlays. Reputed lenders let you repay the loan over a tenor of up to 60 months. Based on your needs and budget, you can choose a tenor and repay the loan accordingly. 

You are now aware of the features of the instant personal loan for an emergency. If you are eligible, you can pick the best offers by comparing all offers on a third-party website. 

Bajaj Finserv presents pre-approved deals on personal loans, home loans, business loans and more. It can make your loan processing faster and less cumbersome. 

You can share your basic details such as your name and mobile number to check out your pre-approved loan deals right away.