Emergency Loan - Apply for Urgent Personal Loan

Emergency Loans

No collateral required | Tenure up to 84 months |
Balance Transfer facility


Emergency Loan

Emergency loans are your safety net when life takes an unexpected turn. No matter how financially sound you are, you can never predict a financial urgency that might require support. This is where a Personal Loan for emergencies helps you manage your finances and prevent a financial dent.



Understanding emergency loans

A loan for an emergency offers you instant financial aid for any unforeseen expenditure. Be it a medical emergency, sudden home repairs, education fees, or a wedding, an emergency loan can cover it all. It is an unsecured loan, so it does not require any security, making it more accessible and easier to manage your finances.



Features and benefits of an emergency loan



Eligibility criteria for an emergency loan

Age

The applicant must be at least 21 years old to apply for an emergency loan, and the maximum age at maturity should be 60.

Employment

Employed individuals from both public and private limited companies are eligible to apply for a loan for emergencies.

Monthly salary

The individual should have a consistent minimum net monthly income of Rs 15,000 for existing Axis Bank customers and Rs 25,000 for non-Axis Bank customers to be eligible.

CIBIL score

The applicant is expected to have a CIBIL score of 720-750 or above for easy approval.

Nationality

A personal loan for emergencies is only lent to applicants who are Indian citizens.



Documents required for an emergency loan

  • A filled-out and signed loan application form.
  • KYC documents: passport, driving licence with photograph, Aadhaar card, job card by NREGA signed by a state government officer, voter ID, etc.
  • Age proof: passport, PAN card, Aadhaar card with DOB, driving license with photograph, birth certificate, or school leaving certificate
  • Income proof: salary slips from the last 2 months and bank statements from the last 6 months
  • Employment proof: proof of employment in the current organisation for one year



Application process for an emergency cash loan online

  • Go to Axis Bank’s instant personal loan page
  • Enter your 10-digit contact number and DOB or PAN number, and enter the OTP
  • Select an eKYC and video KYC option, or submit your KYC documents and click ‘submit’
  • Add your Aadhaar number and enter the OTP sent to your linked contact number
  • Fill in your income and education details
  • Select the loan amount you wish to sanction, depending on your eligibility, and click ‘confirm’
  • Fill in the details required for your employment verification
  • Click on ‘continue’ and complete your online emergency loan process




Frequently Asked Questions

Axis Bank provides a free online tool to check the interest rates and charges on your emergency loans. Click here to find out.

Approval of Personal Loan for emergencies can depend on various factors like the applicant's age, CIBIL score, employment status, repayment capacity, income, and debt-to-income ratio.

A Personal Loan for emergency can be used for any urgent expense you need to cover. It could be medical expenses, education fees, unforeseen home or vehicle repairs, etc.

Axis Bank offers personal emergency loans ranging from Rs 50,000 to Rs 25 lakh. However, the loan amount depends on eligibility criteria like age, CIBIL score, income, etc.

To reduce your EMIs, you can go for longer loan tenures. However, remember that with longer tenures, you pay a higher overall interest.



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A personal loan for
your personal goals