Emergency Loans – avail loans easily in case of emergency

by Finway FSC Empowering People Financially

Emergency loans may be needed at any time. None of us can avoid emergencies. Even those who are cautious and have a fund for emergency use often find themselves in middle of a financial crisis. At times we find our friends or a family member can help out with a loan but for many of us that opportunity is not there. In India you can avail of Emergency Loan Online very easily.

If you are facing some type of adverse event which has left you cash strapped, personal loan providers in delhi will help you immediately. All that you need is to visit their website and click on the icon offering loan. You will be asked to enter some details such as –

· Your salary

· Your outstanding loans

· Monthly EMI payments for car and durables

· Monthly home loan payments

Once you have provided these details click Apply. A loan representative will soon review your application and get in touch with you.

Quick Cash Loans such as this are of great benefit to the poor and middle class. They have a fixed interest rate and a fixed monthly repayment. After loan is approved it will be sent directly to the bank account. Usually it would take no more than 24 hours to receive the funds after approval.

Eligibility and benefits of emergency loans

· Eligibility for such loans is that one has a minimum salary of not less than INR 25,000. The applicant must have a credit score of at least 600. They must be working for at least 3 months in current place of employment.

· Documentation required is quite simple and straightforward. Identity proof and current address proof is required in form of Aadhaar Card, Voter ID card, driver’s license or passport. The applicant would also have to provide proof of income such as salary slip and bank statements.

· The interest rate is very reasonable and ranges between 2.5 – 4% every month. Of course the applicant would have to provide post dated cheques since that is a part of repayment conditions.

The principal benefit of emergency loans is to be able to pay expensive medical bills which may happen due to an accident or sudden illness. Sudden repair of house and motor vehicle might also be required. In these scenarios emergency loans become indispensible.