Features & Benefits of Emergency Loan
Getting a Personal Loan for Emergency from Piramal Finance has several benefits that aim to streamline the customer journey –
Loan Amount and Tenure
No Security Required
Attractive Interest Rates and Easy Repayment
Digital Loan Processing
Urgent Loan Disbursal
Factors Responsible for Emergency Loan Interest Rate
The interest rate for an urgent personal loan typically begins at 12.99% per year. Additionally, the maximum repayment period is five years. The final interest rate you get for a personal loan for emergency depends on factors like your monthly income, employment type, work experience, and age.
Age:
To apply for an urgent loan, you must be between 21 and 58 years of age. Young people have a higher likelihood of repaying loans. As a result, we offer them lower interest rates on Urgent Loan. Older adults aged 50 to 60 may receive a higher interest rate. This is because of their increased likelihood of being unable to repay the borrowed funds.
Credit Score:
Your credit score helps decide your interest rate. A higher credit score means you are more trustworthy for credit so you might get a lower interest rate on urgent personal loan. However, Piramal Finance offers loans with competitive interest rates even if you have low credit scores.
Employment Status:
Applicants working in public sector and private sector companies or being self-employed with a minimum of one year of business activity are considered eligible for a personal loan for emergency. Individuals with higher income certainty and job stability are given more priority and offered lower interest rates than others.
Different Types of Personal Loans
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अक्सर पूछे जानेवाले प्रश्न
An emergency loan is a loan granted to borrowers who are in urgent need of money. This loan can be used for any short-term financial requirement, such as medical bills, home repairs, or other expenses.
You can apply for an emergency loan online at Piramal Finance to get urgent funds. We will process the loan within 24 hours after verifying and approving the documents, and an urgent loan will be credited to your bank account.
At Piramal Finance, a cibil credit score of 750 and above is regarded as a good score to avail an emergency loan online. You can always improve a low credit score, as a good credit score will increase your chances of availing an easy loan.
To be eligible for an Urgent Loan, you will need to satisfy the following eligibility criteria:
Yes, you can foreclose or prepay for Emergency Loan at Piramal Finance without any foreclosure charges.
You can make the payments for Emergency Loan using E-Nach (National Automated Clearing House). It is the most convenient and secure method of making payments.
