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5 ways personal loans can help during financial emergencies

By Finserv MARKETS - Apr 12,2019
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Personal Loan for Financial Emergencies

Financial emergencies can take a toll on your savings. However, with the help of an instant personal loan, you can overcome this problem quickly and in a hassle-free manner. Below is a list of a few situations where availing a loan can be of great help.

Money for a medical emergency

Life is full of uncertainties. Accidents or mishaps can happen anywhere and at any time. In addition to that, the high medical costs associated with the treatment of terminal diseases also requires instant availability of cash. Keeping all these factors in mind, it is always recommended to have a health insurance plan in place. Bajaj Allianz Health Insurance on Finserv MARKETS offers you a plan which includes in house claim settlement, quick turnaround and cashless facility at more than 6000+ hospitals.  But in case extra money is required urgently during the time of medical treatment, you can avail a personal loan for medical emergencies to safeguard yourself from the financial crisis and provide you the required money for the medical treatment.

Debt

One of the best options to pay off your credit card debt is by availing a personal loan. Your outstanding credit card debt can increase significantly within a short duration, owing to the high-interest rates associated with it. This will not only hamper your savings but also give rise to financial instability in the long term. Therefore, using the funds from a loan to repay your credit card debt is always a wise choice. Since they have lower interest rates as compared to credit cards, using it to settle your outstanding debt could also save you money.

Money for urgent travel

An urgent business deal or a personal affair might require you to travel in a hurry. This is where a loan helps. Availing a personal loan with leading Non-Banking financial institutions like Finserv MARKETS is a hassle-free process. All you must do is fill an online loan application and upload soft copies of the requisite documents. Post the E-Approval of your loan, the loan amount disbursed within 24 hours.

Money for wedding expenses

A personal loan can help you realize your dream wedding. Due to the high expenses associated with weddings, it might get difficult to arrange the required cash within a short span. Therefore, availing a personal loan can be extremely helpful.

Money for a small business

Establishing a startup requires a large amount of funds. Instead of liquidating all your savings, availing a loan is a better option. On Finserv MARKETS, you can avail a Bajaj Finserv personal loan at the most competitive interest rates and flexible repayment options. Moreover, you can also customize your loan according to your needs and requirements. All these features make Finserv MARKETS the best option to avail personal loan for financial emergencies.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522