25 January, 2025 | 11:02 IST
In today’s fast-paced world, the chances of unexpected emergencies have increased all over. Emergencies, whether they are medical or otherwise, can come any moment. Having enough cash in hand during a moment of emergency helps one solve the problems with ease and without having to worry about the finances.
Unfortunately, not everyone may readily have the cash that may be required during an emergency. An unexpected medical bill or a home repair can cost a lot and it is not possible for many people to arrange the funds instantly from their savings.
This is where the emergency loan apps become more helpful. Emergency loan apps in India provide you with fast loans, providing you with much relief by depositing cash into your account instantly. They are a quick way to deal with emergencies without having to worry about paperwork or lengthy approval processes.
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Emergency loan apps are online apps that provide customers with quick and easy access to personal loans when they need it urgently. You have to do minimal paperwork with the whole process being digital.
Moneycontrol offers instant emergency loans in partnership with seven lenders. You can get instant loans online up to Rs 15 lakhs with interest rates starting at as low as 12% per annum, depending on your income and credit history.
ALSO READ: Emergency Loan: Here’s how to apply for an emergency loan online
Emergency loan apps can be beneficial in many situations, especially those that involve an urgency. Here are their top benefits
While emergency loans may be beneficial in urgent situations, you should keep in mind certain things. With the rising number of emergency loan apps in India, the cases of online scams have also increased.
Moneycontrol offers you secure instant loans of up to Rs 15 lakhs with interest rates as low as 12% per annum. You just have to enter your details, complete KYC and choose tenure for payment. You can apply for loans from seven lenders in a 100% paperless process.
Read the below tips to protect yourself from getting scammed while using instant loan apps.
ALSO READ: Emergency loan apps: Check Pros and Cons before borrowing
While emergency loan apps can come in handy at times of despair, it is important to exercise caution while improving them. While they have a lot of benefits, beware of imposters that pose as loan agencies.
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