Get Online Emergency Loan in India Up To ₹50 Lakh
In life, invariably, we might come across erratic events that could catch us off-guard. These events may perhaps come in various forms, and often, end up burning a hole in our pocket. These include medical emergencies, cash flow irregularities, even mounting bills etc. While a little financial assistance goes a long way in such situations, it may involve dreadfully long-winding queues to get a loan sanctioned or scampering for multi-level loan approvals.
What if you didn’t have to suffer through this rigorous process and instead, get access to instant financing? Sounds too good to be true, doesn’t it?
We understand the necessity to access quick financing, especially in crunch situations where every minute counts. Our Urgent Personal Loan facility, as the name suggests, eliminates the tedious procedures involved in loan processing, and gives you the finances you require instantaneously.
Poonawalla Fincorp’s urgent loans come with great perks. Easy eligibility, rapid approval, and no hidden charges are some of the notable characteristics of our loans. With us, you can now make stress-free decisions when it comes to financing.
EMI Calculator For Urgent Emergency Loan
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EMI Amount = *
Urgent Loan Interest Rates & Other Charges
Interest Rate | 9.99%* p.a. onwards |
Loan Amount | ₹1 Lakh to ₹50 Lakh |
Loan Processing Fees | Up to 3% |
Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
Loan Tenure | 12 – 84 months |
Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
Default Charges | 24% per annum |
Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
Stamp Duty | At actuals (as per state) |
Hidden Charges | Nil |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility Details to Get An Emergency Loan
Our goal is to ensure that you have sole control over your financial situation. Hence, we offer emergency loan with simple eligibility criteria.
The following are the factors considered when applying for an urgent loan:
Age
Citizenship
Work experience
Employer Category
Monthly income
- Age - The applicant should be at least 21 years of age at the time of applying for the loan and a maximum of 60 years of age.
- Citizenship - The applicant must be an Indian citizen.
- Work Experience -The applicant should be in current employment for a minimum of 1 month and is required to have a minimum work experience of 1 year.
- Employer Category - The applicant needs to be an employee of the Central Govt., PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP or companies which are listed.
- Monthly Income - The monthly income of the applicant must be at least ₹30,000.
Documents Needed To Get An Online Urgent Loan
We make sure that you receive timely financial aid to fulfil your obligations with only minimal documentation.
Listed below are the required documents for our urgent loan:
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Identity Proof
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Proof of Employment
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Proof of Address
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Financial Statements
Please note that this list is merely indicative. When the loan is being processed, there could be requests for additional documentation if required.
How Can an Urgent Loan Save the Day?
Waiting days to get your loan approved is not an option when you need immediate funds. When time is tight, an emergency loan online, can be your savior. Below are some ways in which an instant Personal Loan can be helpful.
Medical Emergencies
Even health-insured individuals have trouble keeping up with the ever-increasing costs of medication and hospitalisation. One could use up their health insurance coverage or be forced to cover an elderly parent's hospital fees out of their savings. An online emergency loan could potentially save your life in this situation, just by. applying for loan from Poonawalla Fincorp, you can receive the loan amount in your account, ensuring that you have the funds when you need them most.
Wedding Expenditure
India is known for extravagant weddings, and when grandeur and elegance take the spotlight, expenses can easily get out of hand. Today, a medium-scale wedding in India costs around ₹10 Lakh. Even with careful planning, wedding costs almost always exceed financial expectations. When the chances of overshooting your budget are fairly high, an emergency loan online can receive instantly can be helpful.
House Repair or Renovation
There are times when a house might require urgent repair work, especially before or during seasonal changes like the monsoon season. Your home could have a cracked wall or ceiling, or you may have to urgently restore or repair some areas of your house before an auspicious occasion. Consequently, you'll need emergency finances right off the bat because such renovations and repairs can't wait. To cover the expense of such repairs, you can either rely on your savings or better yet, seek an urgent loan online.
Educational Expenses
It is possible to find yourself to be short of funds before sending your child off to a renowned university abroad or in India. In such cases, you can apply for a loan that covers your child's higher education expenses can be very helpful.
Advantages of Online Emergency Loan
At Poonawalla Fincorp, we are dedicated to making the process of availing of financing as quick, easy, and uncomplicated as possible. Here are the key features and benefits of Poonawalla Fincorp’s Urgent Personal Loan:
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Simple application procedure
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Collateral-free
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Affordable interest rate
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No usage limitations
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Flexible repayment tenure
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Rapid approval and disbursal
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No hidden charges
- Simple application procedure: You can apply online for the loan offer through our user-friendly interface in just a few easy steps.
- Collateral-free: Acquire the funds you need without having to put up any kind of collateral. You can effortlessly borrow funds online while maintaining total control over your possessions.
- Affordable interest rate: To ensure that our loans are accessible to everyone, our Urgent Personal Loans come with affordable interest rates, starting from just 9.99*% per annum.
- No usage limitations: There are no usage restrictions on our loan. You can utilize the loan to fulfil any urgent requirement, no questions asked.
- Flexible repayment tenure: With our Urgent Personal Loan, you can repay it in a way that works best for you. You can choose a flexible repayment plan of up to 84 months, and make sure to never overshoot your allotted budget.
- Rapid approval and disbursal: We promise an easy approach even though loan processing can be complex and time-consuming. Due to our easy and minimal eligibility requirements, you can apply for an Urgent Personal Loan when you need the funds immediately. Applications are processed quickly, and sanctions are issued immediately.
- No hidden charges: We make sure that the borrower is provided with all pertinent information regarding the loan they have applied for on an urgent basis. We maintain full transparency when it comes to loan terms and all loan-related fees.
Apply for an Urgent Loan For Emergency Need
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions About Emergency Loan
An urgent loan is an unsecured loan that you can take out during an emergency or when in need of covering unexpected expenses. It is a very effective loan product designed for individuals seeking to cover hefty costs like medical bills, house repairs, weddings, etc., as quickly as possible.
At Poonawalla Fincorp, we provide small urgent loan with basic eligibility criteria and minimal paperwork. To find out if you qualify or not, you can easily check out our loan eligibility criteria on our website.
If you are a salaried individual and working professionals like Doctors and CAs you can apply for our online urgent.
At Poonawalla Fincorp, we provide emergency loan online with interest rates starting at just 9.99%* annually, which is among the lowest in the industry. There may also be a minimal processing fee of 3% of the loan amount plus GST.
Your credit score plays a vital role in determining your emergency loan interest rate, which then reflects on the amount of your EMI. You also must carefully choose a repayment tenure to manage your EMIs.
You can determine your loan EMI by taking the following steps:
- Step 1 - Go to our Personal Loan EMI calculator page.
- Step 2 - Enter your loan amount, loan tenure, and interest rate in the designated spaces.
- Step 3 - Click on ‘Check Repayment Schedule’.
*Terms & Conditions Apply