Emergency loan online – Get instant funds up to Rs. 55 lakh

Emergency loan online – Get instant funds up to Rs. 55 lakh

An emergency loan online is an unsecured personal loan with features such as quick approval and fast disbursal, designed to help you manage unexpected expenses quickly.
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Rs. 40,000 - Rs. 55 lakh

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Enter mobile and OTP | Apply online | Get money in a day*

 
 

Key takeaways


An emergency loan is an unsecured personal loan for unplanned costs like hospital bills, urgent repairs, or last-minute travel. With Bajaj Finance, you can borrow funds ranging from Rs. 40,000 - Rs. 55 lakh and receive them within 24 hours* of approval.


  • Interest rates range from from 10% to 30.5% per annum.
  • Minimum CIBIL score of 650 required for approval.
  • Follow a simple online application process using your mobile number, OTP, and digital KYC.
  • Flexi Loan facility lets you withdraw funds as needed and pay interest only on the amount withdrawn.
  • Explore loan options for medical, travel, wedding, home repairs, or any urgent expenses.

You can check your eligibility for a Bajaj Finance Personal Loan using just your phone number and OTP.

What is an emergency loan?

An emergency loan is a quick personal loan that helps you cover sudden, unplanned expenses — a medical bill, an urgent home or vehicle repair, or a last-minute travel need. It is collateral-free, so approval rests on your income and credit profile rather than any security. With a Bajaj Finance Personal Loan, you can get funds ranging from Rs. 40,000 to Rs. 55 lakh with disbursal in as fast as 24 hours* of approval. Repayment tenure ranges from 12 months to 108 months and the application process is online.



✅  Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

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What are the features and benefits of an urgent personal loan?

An emergency loan online provides quick access to funds with a fast, paperless application process, making it a convenient solution for managing unexpected expenses. The table below highlights the key features and benefits of Bajaj Finance Personal Loan:


FeatureDetails
Loan amount from Rs. 40,000 - Rs. 55 lakhWith a Bajaj Finance Personal Loan, you can get funds to manage both your large and small expenses without pledging any collateral.
Disbursal in 24 hours*Receive funds in your bank account within 24 hours* of loan approval, making it suitable for urgent financial needs.
Flexible repayment tenure up to 108 months

Choose a repayment tenure from 12 months to 108 months, depending on your repayment budget.


Pro tip: Longer tenures reduce EMIs but increase total interest, while shorter tenures save interest but result in higher EMIs.

Flexi Loan facilityMake multiple withdrawals from a dropline limit and pay interest only on the amount withdrawn with Flexi Loans.
Online application and supportComplete the entire application online through the website or mobile app, upload basic personal loan documents, and track your loan anytime using our customer portal, My Account.
Zero hidden chargesAll fees, processing charges, and interest rates are disclosed upfront in the terms and conditions, ensuring complete transparency.
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What are the eligibility criteria to apply for emergency personal loan?

To qualify for an emergency personal loan from Bajaj Finance, applicants must meet eligibility for a personal loan as below:


CriterionRequirement
NationalityIndian
Age21 years to 80 years
Employment typePublic, private, or MNC
CIBIL score650 or higher
Customer profileSelf-employed or salaried


*You should be 80 years or younger, at the end of the loan tenure.

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What are the documents required for an urgent personal loan?

The documents required for a personal loan from Bajaj Finance include:


Document categoryAccepted options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt


Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

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What are the interest rates for emergency loans?

You can get an emergency personal loan online from Bajaj Finance at personal loan interest rates ranging from 10% to 30.5% per annum. Even during urgent financial needs, make sure to review all terms and conditions carefully before proceeding with your loan application. The exact rate applicable to you will be based on factors such as your loan profile, eligibility, repayment terms, and so on.

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What are the things to consider while taking an emergency loan?

Perform these three checks before going ahead with your emergency loan application:


  1. Assess the expenditure: Estimate the full cost of the emergency, including follow-up costs. A hospital admission carries post-discharge medication and review consultations beyond the surgery bill itself.
  2. Determine the loan amount. Subtract what your savings can cover from the total. Borrow the difference, not the total. This is the figure to enter when applying through the emergency loan app.

  3. Confirm you meet eligibility. Applications are approved only when the eligibility criteria are met and the documents are verified.


Also read: Emergency Loan if you have a Bad Credit Record


 

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How can you improve your emergency loan approval chances?

Approval depends on your credit profile, income stability, and documentation quality.

  • Pay existing EMIs and credit card bills on time to hold your CIBIL score at 650 or above
  • Show a stable monthly income to demonstrate repayment capacity
  • Keep existing debt low, since it directly reduces the amount you can borrow
  • Submit complete and accurate documents, including PAN card and income proof
  • Apply for a loan amount proportionate to your income
  • Avoid multiple simultaneous loan applications, as each generates a credit enquiry
  • Maintain consistent bank statements without frequent bounces

Following these steps can improve approval chances for emergency personal loans and help ensure faster processing.

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Wide range of emergency personal loans offered by Bajaj Finance

Bajaj Finance offers flexible solutions through an urgent personal loan to help manage unexpected financial needs with quick approval and minimal paperwork.


Here are some key types of personal loans available:


Choose a suitable loan option and get quick financial support with Bajaj Finance.


*Terms and conditions apply

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How long does emergency personal loan disbursal take?

With a Bajaj Finance Personal Loan, you can get the funds you need for an emergency within 24 hours* of approval. This quick disbursal of funds makes it ideal for handling emergency expenses. You can also choose our Flexi variant, where you get a dropline limit and can withdraw from it as and when needed. Check your pre-approved loan offer using just your phone number and OTP.


How much does an emergency loan actually cost?

The cost of an emergency loan depends on the interest rate and tenure. For example, Rohan takes a Rs. 5,00,000 Term Loan at 16% p.a.

Parameter36 months60 months
Monthly EMIRs. 17,579Rs. 12,159
Total amount repaidRs. 6,32,827Rs. 7,29,542
Total interestRs. 1,32,827Rs. 2,29,542
Debt-to-income ratio35.6%26.9%

The 60-month tenure reduces Rohan's EMI by Rs. 5,420 per month but increases total interest by Rs. 96,715. Thus, a longer tenure lowers the monthly EMI but increases the overall interest cost.

At a processing fee of up to 4.13% inclusive of taxes, the fee on Rs. 5,00,000 can be up to Rs. 20,650.


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How to apply for emergency loan online?

  • Step-by-step guide to apply for a personal loan from Bajaj Finance:

    1. Check loan eligibility: Enter the loan amount you need and select the repayment period. Then click on "CHECK LOAN OFFER". 
    2. Enter personal details: Enter your personal, financial, and employment details to receive a personalised offer.
    3. Loan offer: Review your offer details and adjust the amount or tenure to suit your needs.
    4. KYC verification: Complete your KYC and verify your bank details for disbursal.
    5. Talk to loan specialist: Your application will be submitted. An executive will contact you for the next steps in the process.

     

Explore emergency loans for all budgets


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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Frequently asked questions

Overview

Application

Tenure

Eligibility

Additional Information

What is an urgent loan?

Loans that have a short application process and quick disbursal are typically called urgent loans.

You can use an urgent personal loan for various purposes like medical emergencies, travel, home repairs, or education.

There can be multiple uses of emergency loans, such as medical expenses, house repairs and so on.

An emergency medical loan provides quick financial assistance for urgent healthcare expenses, with fast approval, flexible repayment, and minimal documentation to ensure timely access to treatment.

Any individual who meets the eligibility criteria set by the lender can get an emergency loan. With our pre-approved offers, borrowers do not have to check the eligibility criteria, since we provide the offers after checking their credit scores, repayment history, and other factors.

If you are looking for a Rs. 30,000 personal loan, just check if you have a pre-approved offer from us. You need to just enter your mobile number and OTP to check your offer.

While some lenders offer quick approvals, the actual time varies. Online applications can streamline the process, potentially providing approval within minutes, depending on the lender's policies and verification procedures. You can check personal loan page on Bajaj Finance website to more in detail.

Yes, some lenders offer an urgent loan without documents, especially to pre-approved customers, using digital verification and existing KYC details for instant processing.

With a Bajaj Finance Personal Loan, you can get the funds within 24 hours* of approval. Check your offer in just 2 steps and apply online to get our loan.

*Terms and conditions apply.

Emergency personal loans may include an interest rate of 10% and 30.5% per annum, along with charges such as processing fees and applicable taxes. Other charges may apply based on the loan terms. Borrowers should review the applicable fees and charges before proceeding

To determine the interest on an emergency loan, use an interest calculator by entering the loan amount, tenor, and applicable interest rate. This tool provides an accurate estimate of monthly EMIs and total interest payable, helping you plan better.

Interest rates for emergency loans depend on the lender’s terms and policies. Some of the factors that affect interest rates in general are:

  • Credit score
  • Repayment history
  • Income
  • Debt-to-income ratio

For urgent borrowing, personal loans can be suitable options depending on your eligibility and funding needs. An unsecured personal loan may be preferable when you need quick access without pledging an asset. Whereas a secured personal loan can offer lower rates, but the process of collateral verification and approval may take longer. Compare interest rates, processing fees, repayment tenure and disbursal time before choosing. With a Bajaj Finance Personal Loan, you can get funds ranging from Rs. 40,000 - Rs. 55 lakh within 24 hours* of approval.

You can negotiate with the lender to get a better deal on the interest rate, which can reduce your EMIs. You can also opt for a longer tenure, where your EMIs are reduced. Please note that choosing a longer tenure may mean that you end up paying more overall interest.

Yes, it is possible to foreclose or prepay a personal loan for an emergency. Do note that there are foreclosure and part-prepayment charges that may be applicable.

Some lenders may offer emergency personal loans without salary slips, depending on your income proof, bank statements, and overall eligibility. Alternative documents may be required for verification and approval.

Approval for emergency personal loans with a low CIBIL score may be difficult, as lenders assess credit history, repayment behaviour, income stability, and overall risk before offering loan approval.

Yes, you can get an personal loan from Bajaj Finance with a CIBIL score of 650 or higher. Approval depends on meeting all the eligibility criteria and verification of your documents. A higher credit score can improve your chances of approval and may help you access more favourable loan terms.

Yes, many lenders provide online applications for emergency personal loans 24x7. Applicants can apply anytime, but approval and disbursal depend on verification and eligibility checks.

Maintain a good credit score, submit complete documents, and ensure stable income to improve chances of personal loan quick approval from lenders.

You generally should not use your home as collateral for an emergency personal loan unless you have carefully assessed the risks and repayment capacity. An unsecured personal loan does not require property as security. With Bajaj Finance, you can get an unsecured personal loan ranging from Rs. 40,000 to Rs. 55 lakh within 24 hours* of approval.


*Terms and conditions apply

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000