New Delhi | Jagran Brand Office: Emergencies are an integral part of life and you may not always have a contingency fund to deal with them. Whatever the nature of the emergency, you will need short-term funds, and many often resort to their savings. This is not the best approach for two reasons:
1. You may not have enough money for the emergency
2. It can leave you financially vulnerable for a long time
Fortunately, you can always count on other financing options like the emergency personal loan. Today, offers like Instant Loan make it easy to access a personal loan in minutes. These are useful when you need urgent funds and with proper planning these loans can be a cost effective solution. To find out why you should get an instant home equity loan to deal with an unexpected emergency, take a look at these tips.
Qualifying for an emergency personal loan is easy
Next-gen lenders have made it easier to get an instant loan, as many no longer require you to meet a long list of criteria. In general, you may need to meet simple conditions related to your:
- Annual revenue
- CIBIL score
The instant loan application can be done online
Thanks to digitization, you can now benefit from a range of online financial instruments. This includes the emergency personal loan and major lenders will have a digital offer you can avail of. In general, it is sufficient to:
- Visit the Official Loan Webpage
- Complete the online application form with basic details
- Verify Your Identity
- Upload required documents
- Apply and wait for approval
In just 5 steps, you can get an instant loan online without having to go to a branch, provided you meet all the loan criteria and have a stable financial profile.
Accessing a loan of up to Rs. 25 lakh requires minimal effort
Emergencies often require a large sum of money. For example, in the event of a medical emergency, you will need to pay for immediate care and hospitalization as well as medication and post-treatment care. Very rarely it will be just one expense and you can be prepared for whatever comes with the right loan. Some lenders offer sufficient sanction, which can be up to Rs. 25,000,000. This amount can help you deal with most emergencies without any compromise.
Affordability planning is simple with a personal loan interest calculator
Planning your loan is very important, even if you are facing an emergency. With digital tools like the EMI Calculator, this process is much faster and easier too! All you need to do is enter the values for the penalty, interest rate, and term. The calculator will then calculate the results. This simplicity allows you to change sanction or tenor values and find IMEs that fit your budget. As such, you can fit it affordably to get through the emergency without straining your finances.
Getting pre-approved offers for the best personal loans is possible
In an emergency, you will often need immediate access to funds. In some cases, you may not have time to apply for an emergency personal loan. This is when you can count on a pre-approved loan offer. These are personalized offers offered by the lender and they are based on your profile. Usually these are only available to customers and borrowers who have an existing relationship with the lender, but new era lenders today have made them available to everyone.
A pre-approved offer is arguably the easiest way to get an instant loan, as you won’t have to apply or wait for approval. Submit your details, verify the offer and authorize the payout. These steps can be done online, making it a viable solution in an emergency.
With an instant personal loan from the right lender, dealing with emergencies is easier and less stressful. You get the money you need and hassle-free. An instrument that guarantees ease of access and an affordable experience is the Bajaj Finserv Personal emergency loan. This instant loan is designed to help you and get you through emergencies without burning through your savings.
With it, you can get loan approval of up to Rs. 25 lakh in minutes and enjoy full disbursement within 24 hours* Additionally, you can opt for a flexible term of up to at 60 months. With the dedicated, easy-to-use EMI Calculator, you can find the right EMIs and ensure payments never become a burden. To enjoy an accelerated experience, check your pre-approved offer and get instant financing.
(Note: – The article is written by the Brand Desk.)