Need ₹1 Lacs Emergency Loan Urgently? Apply Here

  • Updated on: 5 Oct 2023
  • Published on: 19 Oct 2021
Need ₹1 Lacs Emergency Loan Urgently? Apply Here

With personal loans helping you manage both calculated and sudden financial needs, it is no surprise that these unsecured forms of credit are becoming increasingly popular. As you can avail of funds instantly using these loans, managing unforeseen needs becomes easier. 

After all, emergencies can knock at your door without prior warning. During such instances, an instant personal loan comes in handy as you can get the required funds at short notice. One financial platform you can rely on for instant loans is Fibe. 

For instance, if you want a ₹1 lac loan to help you manage your medical bills or for any other financial emergency, you can easily apply online with minimal documentation to get funds directly into your bank account. Read on to understand the features, eligibility and process of availing a loan of ₹1 lac at Fibe.

Features of a Fibe emergency loan

There may come a time in your life when you may wonder, “I want a ₹1 Lac rupee loan urgently – what should I do?” Firstly, do not panic. Experiencing a shortage of finances at least once in life is a common issue. Dealing with this shortfall is all about making informed decisions. 

As personal loans are unsecured forms of credit, there is no need to pledge your collateral when applying for this loan during an emergency. You can get a ₹1 lac loan on Aadhaar Card verification as your KYC with ease.

To know how a Fibe Emergency Loan can be an ideal solution, check out the following advantages:

  • Enjoy instant cash disbursal of up to ₹5 lacs
  • Choose flexible repayment tenures ranging from 90 to 730 days
  • Manage your emergencies with no prepayment or foreclosure charges
  • Get instant loan approval by applying for a loan through the Fibe app
  • Get loans at affordable interest rates 
  • Opt for easy repayment using the auto debit option
  • Enjoy minimal documentation and quick loan approvals

Eligibility criteria for a Fibe emergency loan

If you are thinking, “I want ₹1 lac rupees urgently”, the first step to take is to check a lender’s eligibility criteria to know if you qualify for a loan. At Fibe, we make this simple. Our eligibility parameters are easy to meet, so getting the required funds during emergencies is no longer a hassle. 

Here are a few eligibility terms of a Fibe personal loan:

  • You must be an Indian citizen
  • You must be within the age bracket of 21 and 55 years
  • You need to draw a minimum monthly salary of ₹18,000 if residing in metro cities and ₹15,000 if you live in non-metro cities

Documents required for a Fibe Emergency Loan

Once you meet the required eligibility criteria, getting approval for an instant cash loan is no herculean task. Simply submit the required documents and get funds credited to your account within a few hours. 

Here is the document checklist to keep in mind:

  • Latest passport-size photograph
  • PAN card
  • Any one of the following documents: Aadhaar card, Voter ID, Passport
  • Latest bank statements and salary slips

To ensure hassle-free and quick approval of your one lac loan, upload all these documents in a PDF format. Before uploading, make sure these documents are self-attested.

Fees and charges associated with a loan of ₹1 lac

Taking a loan of this amount is easy, but knowing what you’ll need to pay is key to planning smartly. At Fibe, you can get a loan of this amount at affordable charges and repay it within a tenure of up to 24 months. Take a look at the table below to understand the interest rates and fees for a ₹1 lac loan on Aadhaar Card. 

Type of chargeRate
Interest rateStarts at 2% per month 
Processing feeUp to 3% of the loan amount
Stamp duty0.1% of the loan amount Step 
Pre-closure chargesZero

How to apply for a personal loan of ₹1 lac on Fibe

The process is simple and all you need to do is follow these steps: 

Step 1: Register on the Fibe app or website using your mobile number and verify with an OTP
Step 2: Share a few basic details about yourself and your employment
Step 3: Check your loan eligibility and limit and get instant approval

That’s all! Now you can transfer the loan amount to your bank account with just a click! 

How to calculate the EMI of a ₹1 lac loan?

You can easily calculate the EMI for a ₹1 lac loan using the Fibe Personal Loan EMI Calculator. Feed in the loan amount, repayment timeline and interest rate to calculate your EMIs instantly. Here is a quick table to show you the various EMIs when you plan to borrow ₹1 lac:

Tenure in monthsInterest rate per annumEMI amount

Benefits of availing of a Fibe emergency loan

Whether you need five lacs or a one lac loan, Fibe offers instant funds to help you meet your urgent needs. One of the essential benefits of opting for a Fibe loan is that you can obtain the required funds within a minimal timeline. With Fibe’s quick cash loan processing time, your documents are verified in a jiffy.

Another advantage you can benefit from is that Fibe does not ask about your credit score. Yes, you read that right. While most lenders give loan approvals only if you maintain a good credit score, you can get a Fibe Emergency Loan with a low credit score or even without a credit score. With Fibe’s alternate credit scoring mechanism, it is easier for you to qualify for a loan. With timely repayment of your Fibe loan, you can slowly build your credit score too.

To make the most of all these benefits, get started now and avail of a ₹1 lac loan at Fibe. Simply install the Fibe app or visit the website and apply for a personal loan hassle-free. Fill in the required details, submit the necessary documents, and you are good to go!

FAQs on personal loan up to 1 lac

What is the EMI for a personal loan of ₹1 lac?

This depends on your loan tenure and interest rate. For instance, if you opt for a tenure of 12 months at a 14% interest, your EMI comes to around ₹9,500 per month for a loan of ₹1 lac. 

How to get a ₹1 lac personal loan?

Simply visit the Fibe portal or download the Fibe app and apply for a personal loan to meet your emergency financial requirements. Check your eligibility and submit the required documents to get funds credited to your account immediately after approval.

Can I avail of a one lac loan without documents? 

When availing of any form of credit, it is important to submit your KYC documents. Provide your ID and address proof along with recent bank statements to get a personal loan instantly at Fibe.

Can I get the lowest interest rate on a ₹1 lac personal loan?

The interest rate depends on several factors, such as your employment status, monthly income, loan tenure and the loan amount you wish to borrow. At Fibe, you can get a personal loan at cost-effective interest rates.

Where can I get a 1 lac rupees loan urgently?

You can get ₹1 lakh personal loan on Fibe at a competitive rate of interest in just 2 minutes. Simply meet the eligibility criteria and apply online on our website or app.

Can I get a loan of 1 lac rupees?

Yes, you can get a loan of ₹1 lakh by meeting the lender’s eligibility terms and applying online or offline. 

What is the interest rate applicable on a ₹1 lac personal loan?

The interest rate for a personal loan up to ₹1 lakh varies from lender to lender. It also depends on your eligibility and income. 

Can I get a personal loan of ₹1 lac without any collateral?

Yes, you can get an instant ₹1 lakh loan without attaching any of the assets as security on Fibe.


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