Emergency Loan

An emergency loan is a quick and reliable financial solution designed to help you cover unforeseen expenses. Whether it's a sudden medical emergency, urgent home repairs, or unexpected bills, you can access funds swiftly with an emergency personal loan.

Available on Bajaj Markets, this kind of a personal loan provides a hassle-free way to manage immediate financial needs. With minimal paperwork and quick approvals, an urgent personal loan ensures you can handle pressing costs without hampering your financial stability.

To be eligible for an emergency loan online, you need to fulfil a few basic eligibility criteria. Check them out below:

• You should be an Indian national

• You must have a net monthly income of at least ₹10,000

• You should be above the age of 18 years

• You must have a work experience of at least 1 year

• You can be either a salaried or a self-employed individual

• You should have a credit score of 600 or above

To apply for a personal loan online, you need to submit the following documents as a part of the process:

• Proof of identity like PAN, Aadhaar card, voter’s ID, passport or driving licence

• Proof of residence like voter’s ID, Aadhaar card, passport, driving licence, electricity bill, telephone bill etc.

• Proof of income, like your bank statement or salary slips for the previous three months

• 2 passport-size photographs of the applicant

Before you apply for an urgent emergency loan online, you need to keep some important things in mind. Here are some key things you should consider:

• Interest Rate

Check the interest rates and compare your options before you apply for a loan from a specific lender. That way, you can find and take advantage of the best interest rates.

• Terms and Conditions

Also look at the terms and conditions of the loan, like the foreclosure policy and the repayment tenure, among other things.

• Fees and Charges

There may be other fees and charges associated with your emergency personal loan, like processing charges and prepayment fees. Get to know these details before you apply.

• Eligibility Criteria

Lastly, check the eligibility criteria and make sure you qualify for the loan. This makes the application process much easier and quicker.

Applying for an emergency loan on Bajaj Markets takes very little time. All you need to do is follow the steps outlined below:

1. Go to the ‘Personal Loan’ page and click on ‘Check Offers’

2. Enter your personal and professional details in the application form online

3. Choose the lender from whom you wish to get your loan from

4. Select the amount of loan you wish to borrow and enter the loan tenure

5. Submit the application form and the required verification documents

6. After your application is approved, the amount will be disbursed to your bank account

Follow these measures to get started if you are in urgent need of funds:

• Evaluate your financial needs and repayment capacity before deciding on the emergency lending amount

• Compare lenders to find favourable interest rates, repayment terms, and transparent charges

• Gather key documents like ID proof, income proof, and bank statements to speed up the process

• Stay mindful of your credit score, as it impacts loan approval and interest rates

• Borrow wisely by ensuring the loan amount fits within your repayment capacity to avoid future financial stress

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.