Life is full of all the unexpected twists and turns. It is not possible to predict all the uncertainties well in advance. The COVID 19 pandemic itself is an example of how an individual’s life can change within just a few seconds. This deadly pandemic has affected everyone throughlay-offs, cash-crunches, or medical emergencies. However, in such emergencies, availing of an instant loan is the only best alternative.
Can We Use Personal Loan for Emergency Funding?
Availing of a personal loan is the most popular way of getting hassle-free funds during the financial crisis. You can use this loan amount to fulfill any requirements. TrueBalance loan app offers collateral-free instant loans to borrowers of an amount of up to INR 50,000. Moreover, the interest rate charged by lenders on this app is just 5%, which is quite low. With easy eligibility criteria and a little documentation process, you can get the loan request sanctioned in just a few minutes from TrueBalance.
Why is Personal Loan Best Way to Avail Funds During Emergencies?
In case of emergencies, individuals are only left with two choices, either to use savings or take up a loan. Digging up the savings will leave you with zero funds in your accounts. Whereas taking a loan from banks is a very hectic and lengthy process. At the same time, if you apply for an instant personal loan from the online loan apps, you will be safe from the hassle and won’t even dig up a big hole in your savings. Here are some of the reasons why availing personal loan from the loan apps is the best option to meet immediate cash needs.
Avail Immediate Funds Without Risking Assets
Emergencies can occur anytime. Sometimes, you require small funds, while sometimes, you have to finance heavy expenses. To meet these immediate uncertain expenses, people often sell their assets. But, there is the best alternative for you. With the online personal loan apps, you can raise instant funds without risking your assets.
Get Easy and Quick Approval
During emergencies, time is the absolute essence. With online lending apps like TrueBalance, you will not have to worry about delays in requests. Your loan request will be approved in just a few hours, and you can avail of it without any hassle. If you have a good CIBIL score, at least 750, then the chances of quick loan approval are high.
Flexible Tenure to Repay
With a personal loan, you will never be overburdened with paying back the loan amount instantly. You can choose the repayment tenure that suits your pocket. With this loan, you have the advantage of paying back the loan amount in small instalments over a longer duration as well. You can select the EMI that fits your budget.
Emergency loans from TrueBalance are all that you need to meet short-term funds. With its easy online process, minimal documentation, easy eligibility, and convenient application, you can apply for an instant personal loan from TrueBalance in just a few minutes. For more details, download the app from the Google Play Store.
