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Short Term Personal Loan during Emergency | Bajaj Finserv

  • Highlights

  • Get the benefits of fast approval and disbursement

  • Competitive interest rates make your loan affordable

  • Get an unsecured loan without any collateral or guarantor

  • Get a high loan amount as per your needs

Sudden expenses, medical emergencies, cash shortage are some of the dreaded but unavoidable problems of life. Each of us faces these kinds of situations at one time or the other. At those moments, arranging funds can be quite difficult. There is, however, one option: Personal Loans. But is it good to take out a short term personal loan in emergencies?

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Yes, and here’s why:

Benefits of Short Term Personal Loan

Fast Approval and Disbursement

When in emergency, you would require the money quickly. If it gets sanctioned after your emergency is over, it will be of no use. Short term personal loans fulfil the criteria perfectly. It has fast approval process with minimum documentation requirement. Though it varies from lender to lender, but post approval the disbursement also takes place quickly.

Competitive Interest Rate

Even when in emergency, you don’t need to pay exuberant amount of interest for you loan. The personal loan market is highly competitive and as a result the interest rates are reasonable. Because of competitive interest rate and short tenor, the actual amount of money repaid by you is also not very high.

Additional Read: How to Choose Personal Loan Lender

No Collateral Required

Personal loans are mostly unsecured loans. That means you don’t need to provide any guarantor or collateral security for availing easy personal loans. Also, the end use of the fund is rigid. You can use the fund as per your requirement: for medical emergency, family function or even for recreational purpose as well.

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Instant approval on India’s fastest personal loan

Bajaj Finserv, one of India’s most diversified non-banks, offers unsecured personal loans with instant approvals and disbursals within 24 hours!

Whether you are addressing an urgent medical emergency or planning a last-minute holiday, a personal loan offers quick and affordable financing. And the latest offer on personal loan – approval in minutes, disbursal within 24 hours, and the flexibility to repay loans with interest-only EMIs – redefines the way you have been borrowing money.

Simply complete the online application form, submit your documents, and get approval in minutes. As long as you meet the eligibility criteria, and have an acceptable credit score, you can avail financing up to Rs.25 lakh within 24 hours.

While other lenders claim to offer personal loans with a relatively short turnaround time too, this service is usually reserved for their existing customers. But Bajaj Finserv, with it’s fast underwriting processes, ensures you receive the personal loan you need with lightning-quick disbursals.

Need funds instantly? Think it. Done with Bajaj Finserv.

Get money in your bank in just 24 hours with India’s fastest Personal loan

No Fixed Range of Loan Amount

This is another factor that comes in your favour. Unlike home loan or auto loan, personal loan does not come with a predefined range for the loan amount. The quantum of loan depends on various factors like your credit score, your repayment ability, income etc. So, if you have all the factors right, you can get as much loan as you require.

Additional Read: Personal Loan with Low CIBIL Score

Regulated Market

In India, the personal loan market is highly regulated. Market watchdogs like SEBI and RBI keeps a close tab on the lenders. No malpractice is allowed here. As a result, when you take the loan from a reputed lender, you can be assured of rules and regulations. There will not be any unfair condition and you will not be cheated of your money.

In emergency, our mind is focused on the matter at hand. We neglect various fine points at that time. That can create problems at a later date. However, personal loans come with a very clear and transparent process, lightening your financial burden in times of need.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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