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Get FIRSTmoney Emergency Loan and Urgent Loan Online

In times of financial crisis, many people turn to emergency loans to quickly access funds. Traditional personal loans can often take days or even weeks to process, leaving individuals in urgent need of cash stranded. When you need an urgent personal loan, a smart personal loan like FIRSTmoney can be a lifesaver. It offers a quick and easy solution for meeting urgent cash needs.

What is an Urgent Personal Loan from FIRSTmoney?

An urgent personal loan from FIRSTmoney allows you to borrow up to ₹10 lakh instantly, making it a unique and flexible loan option. In contrast to traditional loans, FIRSTmoney offers instant approvals with zero physical documentation, flexibility to obtain additional funds, and zero foreclosure benefits if you ever choose to close your loan before maturity., These features make it an affordable option for emergency situations. You will always have access to a predetermined loan amount at any time in case of an emergency. Read on for more

Features of FIRSTmoney Emergency Loan

Zero foreclosure charges Zero foreclosure charges

Zero foreclosure charges

Say goodbye to foreclosure charges and repay your outstanding amount whenever you want without worrying about additional fees.

Flexible loan repayment options Flexible loan repayment options

Flexible loan repayment options

Enjoy customizable loan EMI repayment options, with flexible tenure choices to suit your financial situation, perfect for those seeking an urgent personal loan.

Swift disbursal Swift disbursal

Swift disbursal

Our advanced technology ensures a quick, paperless process with swift fund transfers directly to your bank account.

Lower Interest Rates Lower Interest Rates

Lower Interest Rates

Avoid the high interest rates of credit cards with FIRSTmoney, where emergency loan interest rates start at just 10.99%.

Greater Flexibility Greater Flexibility

Greater Flexibility

Enjoy the flexibility to obtain additional loans like never before. With just a few clicks, get extra funds anytime to meet your financial requirements during emergencies.

Benefits of FIRSTmoney Emergency Loan

Protect your savings Protect your savings

Protect your savings

Instead of depleting your savings and retirement fund, a FIRSTmoney emergency loan allows you to keep your savings intact while addressing the financial emergency.

Financial safety net Financial safety net

Financial safety net

Instant loans from FIRSTmoney act as financial safety net against various emergencies, and you can use the funds for any purpose without constrains to deal with your financial urgencies.

Get Up to ₹10 lakh Emergency Loan Get Up to ₹10 lakh Emergency Loan

Get Up to ₹10 lakh Emergency Loan

Get a loan offer of up to ₹10 lakh, allowing you to finance unexpected expenses such as medical bills, relocation, and car repairs.

Emergency Loan Interest Rates and EMIs
 

FIRSTmoney offers emergency loans online at competitive interest rates to meet your urgent monetary needs without hassles. These loans are ideal for accessing emergency funds quickly and conveniently. However, interest rates may vary based on the loan amount and tenure, ensuring flexibility. For accurate estimates, use a personal loan EMI calculator. Below are the interest rate charges and EMI details

Interest Rates for FIRSTmoney Emergency Loans
 

Types of fees Applicable charges
Emergency loan interest rate Starting at 10.99%
Processing fees Processing fees of up to 2% will be deducted from the loan amount at the time of disbursal
Late payment fees 2% of the unpaid EMI
Stamping charges As per actuals
Foreclosure charges Nil
EMI bounce charges ₹500
Cheque or mandate swap charges ₹500
EMI pickup or collection charges ₹500
Physical statement of account / Repayment schedule ₹50

 

Eligibility Criteria for Emergency Loan Online

Employment: Salaried and Self-Employed Individuals Employment: Salaried and Self-Employed Individuals

Employment: Salaried and Self-Employed Individuals

Age - 21-60 years Age - 21-60 years

Age: 21-60 years

CIBIL Score*: 730+ CIBIL Score*: 730+

CIBIL Score*: 730+

* CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.

Required Documentation for Emergency Loan Online

Video KYC Video KYC

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

Steps to Apply for a FIRSTmoney Emergency Loan Online

Scan the QR code to apply for an emergency loan

Step 1

Scan the QR code to apply for an emergency loan

Register with your mobile number

Step 2

Register with your mobile number

Confirm basic details to check your eligibility

Step 3

Confirm basic details to check your eligibility

Choose your loan preferences and link your bank account

Step 4

Choose your loan preferences and link your bank account

Once verified, receive the loan amount in your account within 24 hours

Step 5

Once verified, receive the loan amount in your account within 24 hours

How FIRSTmoney can empower you

How FIRSTmoney can empower you

Travel Personal Loan

Embark on your dream adventures with an online personal loan designed exclusively for elite travellers like you. Whether you're planning a luxurious getaway, an exotic expedition, or a cultural exploration, a FIRSTmoney loan offers the financial freedom to turn your travel aspirations into reality.

With competitive rates and flexible terms, a FIRSTmoney smart personal loan empowers you to book premium accommodations, indulge in once-in-a-lifetime experiences, and create unforgettable memories without compromise. Apply for a travel personal loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

Advantages of a FIRSTmoney smart personal loan for travel expenses:

  • ► Get instant access to funds, anytime, anywhere, in your bank account; 24x7, in just a single step.
  • ► Attractive fixed interest rate (on a monthly reducing basis), starting at 10.99 % p.a. 
  • ► No need for collateral or security deposit to set up a loan.
  • ► By responsibly managing your personal loan, you can enhance your credit profile, opening doors to even greater opportunities for future travel endeavours.

Emergency Personal Loan

In times of financial emergencies, FIRSTmoney smart personal loan stands as a beacon of stability and support. Instead of depleting your savings or tapping into your investment accounts, this smart personal loan enables you to preserve your financial reserves for long-term goals. Here's how our emergency loan can be a lifeline during uncertain exigencies:

  • ► Effortless online application process with complete digital verification - apply in 2 easy steps for an emergency personal loan online
  • ► Get the loan amount credited promptly to your bank account on the same day
  • ► No collateral requirement for emergency personal loans
  • ► Flexible loan repayment tenure of up to 60 months
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting from 10.99% p.a. only
  • ► Safeguard your financial stability with this personal loan in the face of emergencies

Wedding Personal Loan

Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Rather than depleting your savings or resorting to high-interest credit cards, a FIRSTmoney smart personal loan allows you to maintain financial stability as you start a new chapter of your life. Here's how our loan can add value to your special day:

  • ► From venue rentals to catering costs and everything in between, FIRSTmoney offers up to a ₹10 lakh personal loan, allowing you to cover all aspects of your wedding expenses with ease
  • ► Completely paperless, quick and digital personal loan application process
  • ► Attractive fixed interest rate (on a monthly reducing basis) commencing at 10.99% p.a. only
  • ► No need for collateral or security
  • ► Enjoy flexible loan repayment terms extending up to 60 months

Medical Personal Loan

Medical emergencies often come with unexpected expenses and a personal loan can offer access to quick funds. With a FIRSTmoney smart personal loan, you have the financial flexibility to explore various treatment options, including specialists, alternative therapies, or out-of-network providers, ensuring that you can pursue the best possible care for yourself or your loved ones. FIRSTmoney – our smart personal loan for medical expense, offers invaluable support and peace of mind during medical emergencies. Here's how:

  • ► Cover unforeseen costs, such as ambulance fees, hospital stays, surgeries, and specialized treatments
  • ► Access funds anytime, anywhere to address medical bills, treatments, and medications without delay
  • ► No need for collateral or security to apply for the personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.
  • ► Tailor your payments to fit your budget and financial capabilities, providing additional peace of mind during a challenging time

Home Improvement Personal Loan

Renovating your home or any structural upgrades can put a significant financial strain on your savings and personal loan proves to be a reliable solution. Manage and plan your home improvement expenses depending on your needs with FIRSTmoney, our smart, instant personal loan. Apply for a personal loan online and get approved seamlessly.

  • ► Can serve to pay for renovation and expenses in parts
  • ► Access funds anytime anywhere
  • ► No need for collateral or security to apply for this personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.

Get FIRSTmoney Smart Personal Loan of Different Amounts

  

Factors to Consider While Taking an Emergency loan
  

When applying for an emergency loan, consider the following five factors:

  1. Interest rates: Assess the interest rates offered, as higher rates can significantly increase the total repayment amount.
  2. Repayment terms: Review the loan tenure and EMI structure to ensure manageable monthly payments.
  3. Loan amount: Ensure the loan amount meets your emergency needs without borrowing excessively.
  4. Processing time: Choose lenders with quick approval and disbursal processes to access funds promptly.
  5. Fees and charges: Be aware of any additional costs, such as processing fees or prepayment penalties, which can impact the overall cost of the loan.
Fees and Charges of Emergency Loan Fees and Charges of Emergency Loan

Personal Loan for Emergency - Fees and Charges

Enjoy competitive interest rates and minimal charges

FREQUENTLY ASKED QUESTIONS

What is an emergency loan?

An emergency loan or urgent loan is a short-term financial solution designed to provide fast access to funds without going through the lengthy personal loan application process. The FIRSTmoney smart personal loan offers up to ₹10 lakh urgent loan to manage unforeseen expenses.

What are the eligibility criteria for an emergency loan?

To be eligible for an emergency personal loan like FIRSTmoney, you need a good credit score (730+), employment (whether salaried or self-employed), and be between 21 to 60 years of age.

How quickly can I get an urgent loan online?

With FIRSTmoney, the application process is completely online, ensuring swift approval and fund disbursal. You can receive an urgent loan online within a few hours by following these easy steps: scan the QR code, register, confirm your details, and complete the KYC process.

Can I use an urgent personal loan for any purpose?

Yes, there are no restrictions on how you can use the funds from your urgent personal loan. Whether it’s for medical emergencies, home repairs, or any other immediate need, FIRSTmoney gives you complete flexibility.

What factors affect the interest rate on an emergency loan?

The interest rate of an emergency loan depends on several factors, including your credit score, income, employment status, loan tenure, and the bank’s prevailing interest rates. With FIRSTmoney, you can enjoy rates starting from just 10.99% APR.

Can I apply for an emergency loan online without collateral?

Yes, IDFC FIRST Bank’s FIRSTmoney emergency personal loan requires no collateral, making it a hassle-free and secure option for obtaining urgent funds online.

What is the maximum amount I can borrow as an emergency loan?

You can borrow up to ₹10 lakh as an emergency loan with FIRSTmoney, depending on your eligibility. You can also avail more funds easily with just a few clicks to meet additional cash requirements.

How can I repay my urgent loan?

FIRSTmoney offers flexible repayment options, allowing you to choose an EMI structure that fits your financial situation. You can repay your urgent loan in full or in EMIs without worrying about prepayment penalties.

More FAQs