How To Tackle Any Financial Emergency With An Instant Personal Loan?

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What does one do at the time of a financial emergency – approach for loans, have regrets of not collecting savings/ borrow? Well, in such unexpected situations, one must not just save enough to meet their respective requirements but must avail for Quick Personal Loans. Emergency funds might be the go-to solution to your problems, but is definitely not something that you can rely on since you might get short of money in no time.

What are Instant Loans?

These are loans that do not require a prolonged method of documentation and can be acquired easily without an asset showcase. You can receive Personal Loans, ranging from INR 50, 000 – INR 15, 00, 000. Pertaining to Bajaj Finserv, they provide quick finance for pre-approved customers who are eligible enough to avail for the loan. An added benefit is that, with minimal documentation and a paperless approval, you can receive an Instant Loan in no more than 20 minutes, from the comfort of your home. Bajaj finserv also offers attractive interest rates on Personal Loan.

Owing to Bajaj Finserv, they provide an ample amount of your loan to combat an emergency. You can be tension-free in the case of emergencies since you have enough in your pocket. With a high rate of interest, you can apply/ make use of those loans to tend to business needs, home renovations, and medical bills.

Opt for Instant Loans without collateral. With Bajaj Finserv, you can avail of a Personal Loan without worrying about collateral. Instead, you can cater to the emergency, which appears in the form of unexpected guests.

Two clicks and you are good to go. You can very well access a higher loan amount through a pre-approval. With just a simple and touch-free process, paperless approval and money in the bank are all that you would want. Within 20 minutes, all you have to do is verify an online, pre-filled loan application form and hit the submit button.

In case of a business-related emergency, you have to stick to a specific deadline in order to save your company from loss. During such moments, Personal Loans cut you some slack and make it convenient through an online portal. Moreover, if you already share a relationship with Bajaj Finserv, it is an added benefit for you.

You don’t need to worry with regards to hidden costs. In the hustle and bustle of an emergency, you might not have the time to read the additional costs mentioned in a legal document. But with Bajaj Finserv, you get a breakdown of all the costs, giving you a clearer perspective of your payments and adhering to the given amount.

Provide you with a flexible tenor. At Bajaj Finserv, they provide you with a tenure of 60 months. Knowing the tenure, you will easily be able to plan your funds accordingly, allowing you to pay even before time. 

Now that you are aware of the benefits that Bajaj Finserv has in stock, you can cater to emergencies on a tension-free note. In order to know the repayment amount, use an EMI Calculator, and gear up.

If not Bajaj Finserv, you can look out for additional options listed below,

  1. HDFC Personal Loan – Provide an Interest Rate ranging from 11.25% – 21.50%
  • Minimum income – INR 15, 000
  • Processing Fee – 2.5% of the specified loan amount
  • Loan Amount – Up to INR 15 Lakhs
  • Loan Tenure – 12-60 months
  1. SBI Personal Loan (Xpress Credit) – Provide an Interest Rate ranging from 12.50% – 16.60%
  • Minimum income – INR 5, 000
  • Loan Amount – From INR 25, 000 – INR 15 Lakhs
  • Loan Tenure – 60 months
  1. SBI Personal Loan for Pensioners – Provide an Interest Rate of 11.95%
  • Minimum income – NIL
  • Loan Amount – From INR 25, 000 – INR 14 Lakhs
  • Loan Tenure – Up to 84 months
  1. SBI Saral Personal Loan – Provide an Interest Rate ranging from 11.75% – 12.45%
  • Minimum income – INR 5, 000
  • Loan Amount – Rural areas/ semi-urban centres: INR 10, 000 – INR 10 Lakhs; Metro/ semi-urban centres: INR 24, 000 – INR 10 Lakhs
  • Loan Tenure – Up to 48 months
  1. PNB Personal Loan – Provides an Interest Rate ranging from 12% – 15%
  • Minimum income – Semi-urban/ rural centres: INR 10, 000; Urban centres: INR 12, 500; Metro centres: INR 15, 000
  • Loan Amount – From INR 50, 000 – INR 10 Lakhs
  • Loan Tenure – Up to 60 months
  1. Axis Bank Personal Loan – Provides an Interest Rate ranging from 15.75% – 24%
  • Minimum income – INR 15, 000
  • Loan Amount – INR 15, 000 – INR 15 Lakhs
  • Loan Tenure – 12-60 months
  1. Mahindra Finance Personal Loan – Provide an Interest Rate of 11.70%
  • Minimum income – Not provided
  • Loan Amount – Up to INR 3 Lakhs
  • Loan Tenure – Up to 3 years

With the available options, drop by your nearest bank and avail of an Instant Personal Loan, in the case of an emergency.