Cash crunches based emergency situations may arise anytime and jeopardize one’s life.
Many people who want to fulfil their needs may look for liquidating their assets and savings.
However, if you are faced with any such situation, you can get an emergency loan.
Based on your creditworthiness and lender’s policies, you may get an amount of up to Rs.25 lakh. You can check the free CIBIL score online and know about it in advance.
A credit score of 750 or more is considered ideal by lenders to approve the loan request faster and at a lower rate. You can maintain a higher credit score by repaying your ongoing loan and other EMIs on time.
Let’s know how the emergency loan is an ideal solution when you need urgent funds in this quick post!
Here’s when you can apply for the personal emergency loan
- During medical emergencies
One of the top reasons people apply for an emergency loan is to cover the quick medical situation. From hospitals to medicines to diagnostics and more, the loan money can suffice all.
2. Debt consolidation
If you are paying many loan EMIs accruing more interest charges and consuming a bigger portion of your income. You can use the emergency loan to repay all and pay a single EMI per month.
3. Higher education
You can also use the emergency loan to pay for the expenses concerning the higher education needs of your children.
4. Marriages
The funds that you have saved may fall short while preparing for an Indian wedding. It is where the online personal loan for an emergency may help you get a bigger loan amount.
On other occasions, you can use the emergency loan for home renovations, travel expenses and much more. No matter what your needs are, you can apply for the emergency loan online and get started.
Bajaj Finserv offers pre-approved offers on personal loans, home loans and more. It is to simplify the processing of the loan.
You can check out your pre-approved loan offers today after sharing your basic details such as your name and mobile number.
