An emergency loan is a type of short-term borrowing designed to provide quick access to funds in urgent situations. These loans are typically used to cover unexpected expenses such as medical bills, car repairs, or home repairs. Emergency loans are often unsecured, meaning they do not require collateral, and may have higher interest rates than traditional loans. They are intended to be repaid quickly, usually within a few weeks to a few months, making them a temporary solution to financial emergencies. If you are looking for an emergency loan of Rs. 30,000, 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. 30,000 emergency loan
Here are the features of our Insta Personal Loan that make it an ideal choice to manage your urgent expenses:
- 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.
- Minimal to no documentation: Select customers may be able to get the funds without any paperwork.
Eligibility criteria for a Rs. 30,000 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.
Some of our existing customers may be asked to submit additional documents, such as your KYC documents and bank statement among others, to get the loan.
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. 30,000 emergency loan
Depending on your profile, the documentation requirements for our Insta Personal Loan can vary. Select customers can get the funds without any paperwork. 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
Interest rates and charges applicable on a Rs. 30,000 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. 30,000 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 conclusion, an emergency loan can provide quick access to funds for urgent expenses such as medical bills or car repairs. Insta Personal Loan from Bajaj Finance offers a convenient solution with pre-approved offers, quick disbursal, flexible tenures, and minimal documentation requirements. Whether you are an existing customer or new to Bajaj Finance, the process is simple and hassle-free, providing peace of mind during financial emergencies.
Check your Insta Personal Loan offer
*Terms and conditions apply
