Having an emergency fund is a vital part of any financial plan. It can help protect against unexpected expenses and provide a cushion for the long term. However, it’s essential to keep in mind that an unexpected expense can still cause concern. In a worst-case scenario, an unexpected expense can deplete your emergency fund. However, you can still get the money you need quickly with an emergency loan.
This type of loan can help alleviate the stress and provide a solution to your financial issues. When faced with an unexpected expense, there are two options: dip into your savings or take an emergency loan. The former can be very risky since it can increase your expenses and still require more money.
Get instant access to loans through personal loan apps.
Nowadays, there are many apps that provide instant personal loans that can help you create a backup whenever you are in a financial emergency. Emergencies can be of any type, predominantly medical emergencies; While most of the medical insurances provide the money months after treatment, This can ensure you the money notes will be at your disposal whenever you need them.
Collateral free fund through personal loan apps
One of the perks of getting an emergency loan through a personal loan app like Finnable is that you would never have to pay any collateral or securities for the loan. And since you are Note pledging any acid, you get to safeguard them. All you need to do is to complete the eligibility criteria and submit the necessary documents. And once you are verified, the personal loan apps provide you instant loans with unbelievable interest rates That could knock your socks off.
Easily repay your loan once the emergency is over.
As you have dealt with your emergency ripping your dues isn’t a difficult task. Leading personal loan apps offer flexible tenure options and affordable interest rates, which allows you to select the personal loan EMI amounts that suit your budget and borrow efficiently. With this, you can get upto rs25 lakh within 24 hours from approval, giving you the ease of addressing all your urgent financial needs without compromising your assets. Apart from digital tools, many personal loan apps provide offline customer care support.
Eligibility Criteria For Applying For A Personal Loan
It is next to exciting to know that almost Any Indian citizen residing in the country from 25 to 58 years of age can quickly get an emergency loan through personal loan apps. Apart from that, you must be a working professional employed by an MNC public or private company. With the minimum salary requirement, upon qualification, you can submit your application through an online portal with required documents that can even be picked up from your doorstep, and once your documents have been verified, you will receive the funds within 24 hours. In a time of dire need, all this hassle-free process comes like a boon in disguise. There is a lot of advancement the fintech sector has made, but in my eyes, The introduction of personal loan apps is the biggest in recent history.