The unending Pandemic of the Novel Coronavirus (COVID-19) has affected one or the other either medically or financially. And India is no exception with positive cases over 90 lakh and more than 1 lakh deaths.
If you get affected by the deadly virus, then the cost of the daily care may be way too higher for you to manage.
If you are already affected unfortunately and paying out of your pocket, then you can stop doing that now.
The personal emergency loan from leading lenders in your city can help you pay off the hospital bills and manage your other costs without hassles.
Let’s know how by availing the online personal emergency loan, you can tackle the emergency situation. Read on!
- It lets you borrow a large loan amount
The personal loan in India, such as the personal emergency loan can help you manage the entire needs that you may have. Based on your loan eligibility, you can get an amount as high as up to Rs.25 lakh.
- It comes with instant approval
If you are the right candidate for the loan, then you can avail the instant approval for the same. Lenders take only seconds to sanction your loan request if you have a robust credit score of 750 and a sound repayment and income history. If you want to increase cibil score, then you can do that by making timely payments for your ongoing EMIs. You can also check the free cibil score on a website in advance and know if it is good or not.
- You can get the money disbursed within 24 hours
After you have got the approval for the personal emergency loan, then you can get the money disbursed into your bank account within 24 hours. This way, you can start using the money to cover all the requirements of the medical emergency.
- You can repay the loan over a flexible tenure
Once you have got the loan disbursed, then you don’t need to bother about paying the same shortly and hamper your outlays. The personal loan in India service providers let you stretch the money over a flexible tenure ranging 60 months. This way, you can manage your monthly outlays better by paying smaller EMIs.
- The loan eligibility and documents required are easy
To apply for the personal emergency loan in India, you don’t need to worry that you need to meet complex eligibility criteria while battling urgency. Lenders made the eligibility norms less complex, and even the documents are easy to furnish. Take a look at the standard loan eligibility criteria:
- You should be aged 23-55 years.
- You ought to be a resident citizen of India.
- You should be an employee of the MNC, Public or a Private Limited Company.
- KYC Documents.
- Company ID Card.
- Salary slips of the last 2 months.
- Previous 3 months’ statements of the Salaried account.
You are now well-versed how well the personal emergency loan can help you tackle all without worrying about money.
If you also want to do that, then you can apply online and get going.
The best thing to get the suitable deal would be comparing all available offers on a third-party site and selecting the deal that matches your needs perfectly.