An emergency loan is a form of short-term borrowing intended to offer rapid access to funds during urgent circumstances. These loans are commonly utilised to manage unforeseen expenses like medical bills, vehicle repairs, or home repairs. Emergency loans are typically unsecured, meaning they don't necessitate collateral. They are meant to be repaid swiftly, usually within a few weeks to several months, making them a temporary fix for financial crises. If you're seeking an emergency loan of Rs. 15,000, Insta Personal Loan offered by Bajaj Finance is a great way to get the funds you need as quickly as possible.
Features of a Rs. 15,000 emergency loan
Here are the features of our Insta Personal Loan that make it an ideal choice to manage your urgent expenses:
- Zero documentation*: Select customers may be able to get the funds without any paperwork.
- Pre-approved offers: Just check your offer using mobile number and OTP. This reduces the application and processing times significantly.
- Quick disbursal: The disbursal process is significantly shortened since it is a pre-approved loan offer. You can get the funds in as little as 30 minutes**.
- Flexible tenures: You can pick a convenient repayment tenure ranging from 12 months to 87 months.
Eligibility criteria for a Rs. 15,000 emergency loan
Since Insta Personal Loan offers pre-approved offers to existing customers and pre-assigned limits to new customers, you do not need to check eligibility criteria separately.
If you are a new customer, you may need to go through a CIBIL check and provide additional documents.
Check out the eligibility criteria and documents required for our Insta Personal Loan.
Documents required for a Rs. 15,000 emergency loan
However, it is a good idea to keep the following documents handy when you apply for a loan:
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Utility bill of electricity and piped gas
Select customers can get our Insta Personal Loan without submitting any documents.
Interest rates and charges applicable on a Rs. 15,000 emergency loan
When you are looking at an emergency loan to manage your financial needs, it is necessary to consider all the fees and charges associated with it. Check the Insta Loan interest rates before proceeding with your application.
How to apply for a Rs. 15,000 emergency loan
You only need to follow the below steps to get our Insta Personal Loan.
- Click on ‘CHECK OFFER’ on this page.
- Enter your 10-digit mobile number and OTP.
- Go with the pre-assigned limit or choose a different loan amount.
- Choose a repayment tenure that suits you best.
- Click on ‘PROCEED’ to complete the online process.
The online process may differ depending on whether you are a new customer or have an existing relationship with us.
Conclusion
In summary, an emergency loan can offer swift access to funds for pressing expenses like medical bills or car repairs. Bajaj Finance's Insta Personal Loan provides a convenient solution with pre-approved offers, rapid disbursal, flexible repayment periods, and minimal documentation. Whether you're already a customer or new to Bajaj Finance, the process is straightforward and stress-free, offering reassurance during financial crises.
Check your Insta Personal Loan offer
*Terms and conditions apply
