Enjoy Zero Charges on All Commonly Used Savings Account Services
Customer care hotlineCall 1800 10 888
An unsecured personal loan can act as an emergency loan, which can fund unexpected situations. They are typically swift, with deposits arriving within a day or two of loan approval. Some lenders fund emergency personal loans the same day you apply. You will not have to submit any collateral to acquire an emergency personal loan, because they are usually unsecured.
Some lenders offer secured personal emergency loans online, which require borrowers to set aside resources to borrow money, such as home equity and savings account deposits. Because personal loan requirements differ from one lender to another, weigh each alternative individually.
When considering lenders, evaluate how much you need to borrow, the fees, the minimum credit score, and income restrictions. For the quickest results, try to avail of an emergency loan online. These loans can be used as emergency medical loans when urgent money is needed.
You can apply for a personal loan for emergencies whenever you need money urgently. However, ensure you check the bank's emergency loans interest rates before applying for emergency loans online. A personal loan for emergency comes with the following features and benefits:
For salaried individuals:
After checking your eligibility and comparing the emergency loan interest rates offered by the various banks, you can apply to the bank of your choice by submitting the following documents online:
The process of applying for emergency loans is simple. With IDFC FIRST Bank, the loan application process is completely online. Begin by checking the eligibility criteria and see if you fit the bill. If you do, you can apply for a loan. To apply for an emergency loan, follow these steps:
Step 1
Log into the bank’s loan app
Step 2
Click on the apply button
Step 3
You will be directed to a page, where you will need to fill in your details.
Step 4
Upload your documents, such as your KYC documents and income proof.
Step 5
The bank will verify your documents and evaluate your loan application.
Step 6
Once it is done, you can receive the personal loan amount in your account within 24 hours.
Personal loan interest rates and other charges, as offered by IDFC FIRST Bank in emergencies loans, are as follows:
An emergency loan is a loan that you can use to get out of a financial bind. It is an unsecured personal loan that does not need any form of security and can be utilised to cover a variety of personal emergencies. When unexpected financial costs arise, such as medical bills, tuition expenditures, or even wedding expenses, you can take out an emergency loan.
The eligibility criteria for an emergency loan with IDFC FIRST Bank is:
For salaried individuals:
An emergency loan can be used if an unprecedented expenditure comes up. It can come in the form of a medical emergency, a wedding, and sudden home repairs. There is no restriction on how you use the loan amount.
You can get an emergency loan of up to ₹1 Cr with IDFC FIRST Bank. The amount sanctioned will be dependent on your credit score and if you fulfil all the eligibility criteria.
You can avail of emergency loans to fund unplanned expenses. Download the IDFC FIRST Bank app and apply for a personal loan. Post verification, you should have the loan amount in your account within 24 hours.