Did you Know a Personal Loan Also Doubles Up as An Emergency Loan?
Life is full of surprises. Some surprises are pleasant while others may be nasty. Mr and Mrs Mehra from New Delhi, faced a nasty shock last year when both their children met with an accident. The school bus overturned on the way back home and their children sustained injuries. They were immediately hospitalised. After extensive medical treatment, both the children returned home.
The hospital bills would have been a severe dent on Mr Mehra’s finances had he not availed a Personal Loan. His children received the best healthcare treatment, all thanks to an instant Personal Loan.
You too can avail a Personal Loan in case of emergencies. Here is how the Personal Loan can handy in times of crisis.
- Instant Loan
You can get a Personal Loan in an instant if you follow the proper steps. The loan does not need much documentation. You can apply online and the loan approval will happen in minutes. Time is an essential element in emergencies. Since a Personal Loan is an instant loan, you can get it immediately.
- Flexible End-use
The loan has many applications. You can use it for any sort of emergency—medical, business-related, or others. You can use a Personal Loan anywhere and at any time.
- Optimal Quantum Allowed
You can take a Personal Loan of up to Rs 25 lakh. This is a considerable amount to meet any emergency you might face.
- Unsecured Loans
Personal Loans do not need collateral. You can fund an emergency without collateral for the amount. As Personal Loans are unsecured loans, the paperwork is minimal. You save time and the loan approval happens in an instant.
Do you want to take a Personal Loan for your emergencies? Here is how the loan approval process works:
- You check eligibility for Personal Loan and then apply online
- You submit the documents required for processing the loan
- If you meet the eligibility criteria and have a good credit score, you get the loan in an instant
- You get the funds in your bank account within a couple of days
- An identity proof
- An address proof
- Bank statements
- Proof of occupation
- Proof of income
Once you submit all these documents, you will get the loan. Mr Mehra was wise enough to avail the emergency loan for his children’s treatment. So, the next time you face any emergency, you know exactly what to do.