Emergency Loans: Instant Funds for Urgent Situations

Confronting an emergency becomes much easier when you are financially sound. And managing funds in an emergency, especially when you are facing a cash crunch, an emergency loan is always available with easy approval, minimal documentation, easy and flexible repayment, etc. With 24/7 availability, you can now apply for a personal loan, where you have to be ready with all the documents. For any financial needs, you can connect with ease, where the application form must be filled out with all the required information, like loan amount, purpose for borrowing, and others. And once you have applied, you can get the disbursal fast.
The emergency loan can be borrowed for any purpose, whether it’s for a medical emergency or other situations where you have to manage cash for necessary purposes.

Benefits of Emergency Loan

An emergency loan is beneficial for those willing to get fast disbursal when they need the cash urgently. It has enormous features like instant approval, easy repayment, no collateral and easy application. However, the eligibility for a personal loan is always verified to ensure all these features you must be eligible.

Easy Approval:

If you are eligible with all the documents, income, and credit score, the emergency loan amount is approved shortly. And you can get the cash easily.

No-collateral:

The loan amount is approved after considering your income and credit score, and based on that, you don’t have to keep any collateral.

Minimal Documentation

While applying for a loan, documents in the soft copy are enough, and there is no need for physical documents at the time of application.

Flexible Repayment

With UPI and internet banking, repayment has become much easier. And therefore, you can enjoy the flexible repayment services.

Competitive Interest

Enjoy the competitive interest where you can minimise the repayment amount. Your income and credit score help you negotiate for the interest.

Enhance Credit Score

With an increased credit score, you will be able to negotiate for a lower interest. The higer credit score will help you get better financial assistance in future.

Eligibility Criteria for an Emergency Loan


It’s essential to be sure about the eligibility criteria before submitting the loan application. However, various factors affect your eligibility like credit score, income, and others. If you have all these, you can get better services while getting approval for an emergency loan.


  • 1. Age: Above 21 years old and up to 60 years old
  • 2. Income: The per-month income required is at least 30,000 per month
  • 3. Credit score: Above 700
  • 4. Nationality: Indian
  • 5. Documents required:PAN, Aadhaar, salary slip, rent agreement, Utility bills, Bank statement, etc.
  • 6. Employment: The customer must have employment in a registered company or government organisation.

    • Document Required for Urgent Loan


    The documents which are required for an urgent loan are as follows, where you must ensure that you have Aadhar, PAN, bank statement, utility bills, ITR and other documents. The documents needed for an emergency loan are as follows.


  • 1. Identity Proof: Aadhaar and PAN Card
  • 2. Address Proof: Rent agreement, and other documents revealing address.
  • 3. Income proof: Bank statement of last three months, salary slip, ITR, etc.
  • 4. Bank Statements: Last 3–6 months to show income and repayment capacity.
  • 5. Utility Bills: Water, gas, internet or electricity bill

    • Check the APR Calculator for an Emergency Loan

    While applying for an emergency loan, the idea for repayment is essential, and you can apply after calculating the EMI and overall interest rate. The APR Calculator can be used easily by filling in all the required data like loan amount, tenure, interest, and others. So, before applying for the loan, you can check the APR using all this information.


    How to calculate

    If your desired loan amount is ₹2,00,000 with an interest of 11% per annum, and your selected tenure is for 12 months, the total repayment amount with the EMI can be calculated as follows:

    • Loan Amount: ₹2,00,000/-
    • EMI amount: ₹17,676/-
    • Interest: ₹12,116/-
    • Repayment Amount: ₹2,12,116/-

    You can use the APR calculator to have an explicit idea with details, including repayment, EMI and all.

    FAQ’s About Emergency Loan

    The interest rate and processing fees are applied on an emergency loan, which can vary based on the credit score and income as well. There are no hidden charges.

    As per your requirements, you can use the loan amount whether for medical bills or other emergencies.

    You can borrow an amount of up to 1 lakh, and the amount can vary depending on the income and credit score as well.

    If your documents and eligibility are okay, you can get the approval shortly without delay.

    You must have Aadhaar, PAN, Salary slip, bank statement, and other required documents as per the demand of executives.

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    Goodskill Securities And Services Ltd. | Registered Under RBI B-14.01552

    GRIEVANCE REDRESSAL CELL

    • We strictly follow the RBI directive and have set up an effective Grievance Redressal Cell to handle and address all manner of grievances.
    • We always endeavour to carry out responsible lending, whereby we give just the loan which we know you will find convenient to pay back, but also recover our dues ethically. We never believe in any manner of high-handed or coercive recovery methods.
    • But in case you have any complaints we will take up the matter seriously and address the issue within 5 working days.
      • Email us at : grievance@gssasl.com
    • Helpline : 84482 88113 | Mr. Ajay Verma (Timing 10:00 Am to 6:30 PM)
    Important* - As a registered NBFC with the Reserve Bank of India and following all the guidelines of the regulatory authorities, EverydayloanIndia provides loans to all eligible customers, where we accomplish our lending services through our website and CRM. Apart from this, we would like to inform our customers and the general public that we don’t have any app on android or appstore, and we are not disbursing through any mobile app. Therefore, please beware of any lending application that is copying our name and disbursing loans in our name through mobile apps, and please inform us in such circumstances where someone is trying to cheat through the unauthorized loan app by copying our name and logo.