The emergency loan helps with unexpected expenses and gives a boost when you are in a financial bind. If you have unexpected expenses like medical bills or car repairs, a personal loan for emergencies can assist you.

Emergency loan by Piramal Finance provides 24/7 access and instant loan approval, so you don't have to wait for your money. There is no need to worry about extended credit checks or complicated paperwork. Apply for an emergency loan online and get the funds in your bank account!

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

Piramal Finance offers you an urgent loan amount of up to Rs. 5 lakhs with loan terms ranging from 3 to 60 months, depending on the loan amount and your repayment capacity. This gives you a great deal of flexibility in terms of loan duration and loan amount, ensuring that you get the financial assistance you need when you need it.

No Security Required

The emergency loan is safe because you don't need to use any of your belongings as security. This also helps streamline the loan process, eliminating the need for lengthy paperwork and credit checks.

Attractive Interest Rates and Easy Repayment

Emergency loan interest rates at Piramal Finance start at 12.99*% per annum, based on loan amount and tenure. Also, the emergency loan provides flexible repayment options, allowing you to select a plan that suits your needs and budget.

Digital Loan Processing

You can use the Piramal Finance website anytime, anywhere, to apply for an urgent personal loan within minutes. Thanks to a fast, seamless online verification process, your loan amount gets disbursed on the same working day.

Urgent Loan Disbursal

Piramal Finance designed the emergency loan to provide you with the loan amount quickly and hassle-free. Once you have filled out our simple loan application form, we will disburse your loan amount immediately.

Fees and Charges for Emergency Loan

Get an emergency personal loan at competitive fees & interest rates. Below is a table of our fees and charges –

Features and Fees	Details

Urgent Loan Interest Rates	12.99%* p.a. onwards
Loan Amount	₹ 25,000 to ₹ 5,00,000
Processing Fees	Up to 5% plus applicable taxes
Loan Tenure	3 - 60 months
Prepayment Charges	₹ 0
Foreclosure Charges	₹ 0
Stamp Duty	At actuals (as per state)
Cheque Bounce Charges	₹ 500 plus applicable taxes
EMI Bounce Charges	₹ 500 plus applicable taxes
EMI Pickup/Collection Charges	₹ 250 per visit plus applicable taxes
Cash Collection Charges	1% of collection amount of Rs. 50000 and above in cash + taxes

Change of Loan Repayment Mode

₹ 500 plus applicable taxes

Documents Required for Emergency Loan

Are you applying for a personal loan for emergency? Here are some documents you need to submit as part of the loan process:

Document Type	For Salaried Individuals

Photo ID Proof	Voter ID card, Pan card, passport, and Aadhar card
Residence Address Proof	Voter ID card, Passport, Aadhar card, driving license, utility bills
Office Address Proof	Not applicable

Income Proof

Bank account statement of salary account, salary slip of the last one month, form 16

How to Get an Emergency Loan on the Same Day?

You can get a Personal Loan for Emergency urgently with Piramal Finance. Follow the few simple steps –

Step 1:
Click on Apply Now and start your Emergency Personal Loan application
Step 2:
Enter your mobile number linked to your bank account.
Step 3:
Enter the OTP received on your mobile number.
Step 4:
Enter the required document and verify the same.
Step 5:
Bank account verification.
Step 6:
Income Verification.
Step 7:
Check the Loan Final Offer, Accept, and continue the final process.

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.