Are you urgently in need of a personal loan of Rs 2000? If yes, then don’t worry, as there are several online loan apps that can help you get the loan amount you need. In this blog post, we will discuss the key takeaways you need to keep in mind while applying for a personal loan of Rs 2000 urgently.
Personal loans are unsecured loans that can be availed to meet any kind of financial requirement. It is a convenient way to get quick cash in case of an emergency or financial crunch. There are several banks and financial institutions that offer personal loans to individuals, but the process can be time-consuming and tedious. However, with the advent of technology, one can now avail of personal loans online, which is quick and easy.
If you’re an Indian in need of urgent cash, there are several ways to get a 2000 rupee loan quickly. Whether it’s for an unexpected expense or to tide you over until your next paycheck, these four methods can help you get the money you need.
One of the easiest ways to get a 2000 rupees loan urgently in India is to ask a friend or family member for help. While it may feel uncomfortable to ask for money, loved ones are often willing to lend a hand in times of need. Be sure to agree on the terms of the loan, including the loan repayment plan and any interest that may be charged, to avoid any misunderstandings.
If you need to borrow money from a financial institution, a personal loan may be an option. Many banks and non-banking financial companies (NBFCs) offer personal loans to individuals with good credit scores. However, the application process can take time, and you may need to provide documentation such as proof of income and identity. Be prepared to pay interest on the loan, which can vary depending on the lender.
If you have a credit card, you may be able to use it to get a 2000 rupee loan quickly. Some credit cards offer cash advances, which allow you to withdraw money from an ATM or bank branch. However, be aware that cash advances often come with high fees and interest rates, so it’s important to read the terms and conditions carefully before using this option.
Peer-to-peer (P2P) lending platforms connect borrowers with individual investors who are willing to lend money. These platforms typically offer lower interest rates than traditional lenders, making them an attractive option for those looking to borrow money. However, P2P lending platforms may require a good credit score and charge fees for loan origination and servicing.
Also, Read: I Need ₹5000 Rupees Loan Urgently: Quick Guide
To get a personal loan of Rs 2000, you need to meet certain eligibility criteria. The eligibility criteria may vary from lender to lender, but some of the common criteria are:
To apply for a personal loan of Rs 2000, you need to submit the following documents:
1. ID proof (Aadhaar card, PAN card, etc.)
2. Address proof (Electricity bill, Phone bill, etc.)
3. Income proof (Salary slip, bank statement, etc.)
4. Passport size photograph
If you are short on cash but have dreams to fulfill, visit Credmudra. We find the perfect loan match so you can focus on achieving your goals, not filling out forms. So, in conclusion, if you need a personal loan of Rs 2000 urgently, there are several online loan apps that can help you get the loan amount you need. However, before availing of the loan, it is important to compare the interest rates offered by different lenders and read the terms and conditions carefully. Make sure you have a stable source of income to repay the loan on time, and don’t borrow more than what you actually need.
Also Read: I Need a 3000 Rupees Loan Urgently
The interest rate on personal loans varies from lender to lender and depends on various factors like the loan amount, tenure, credit score, etc. The interest rate on a personal loan of Rs 2000 can range from 1% to 5% per month. It is important to compare the interest rates offered by different lenders before availing of the loan.
LENDER | APPLICABLE INTEREST RATE |
mPokket | 0% to 48.0% per annum |
CASHe | 2.50% per month |
MoneyTap | 1.08% per month onward |
Fibe | 24.0% to 30.0% per annum |
ICICI Bank | 10.75% to 19.0% per annum |
Bajaj Finance | 11.0% to 39.0% per annum |
HDFC Bank | 10.50% to 24.0% per ammum |
Axis Bank | 10.49% to 22.0% per annum |
Kotak Mahindra Bank | 10.99% per annum onward |
IDFC FIRST Bank | 10.49% to 36.0% per annum |
Also Read: I Need 1000 Rupees Loan Urgently
Equated Monthly Installment (EMI) is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on the loan as well as part of the principal amount to be repaid. The sum of the principal amount and interest is divided by the tenure, i.e., the number of months in which the loan has to be repaid.
The formula for calculating EMI is:
EMI = [ P x R x (1 + R)T ] / [ (1 + R)T – 1]
Where:
For a 2,000 rupees loan, if the interest rate is 12% per annum and the loan is to be repaid over a
a period of 12 months, the EMI can be calculated as follows:
EMI = 177.75 approx.
Apps | APPLICABLE INTEREST RATE |
mPokket | 0% to 48.0% per annum |
CASHe | 2.50% per month |
MoneyTap | 1.08% per month onward |
Fibe | 24.0% to 30.0% per annum |
ICICI Bank | 10.75% to 19.0% per annum |
Bajaj Finance | 11.0% to 39.0% per annum |
HDFC Bank | 10.50% to 24.0% per ammum |
Axis Bank | 10.49% to 22.0% per annum |
Kotak Mahindra Bank | 10.99% per annum onward |
IDFC FIRST Bank | 10.49% to 36.0% per annum |
If you need a loan of Rs 2000 immediately, then you can follow the simple steps mentioned below to apply for the loan online:
Step 1: Download any one of the loan apps or visit their website mentioned above.
Step 2: Fill in your personal information like name, address, etc.
Step 3: Upload your important documents like PAN card, Aadhaar card, photo, etc.
Step 4: Based on your credit limit, select the loan amount you need.
Step 5: As soon as your loan is approved, the loan amount will be sent to your bank account.
Also Read: Get a Personal Loan Without Credit Score – 5 Fool-Proof Ways
Before availing of a personal loan of Rs 2000, there are certain things that you need to keep in mind:
1. Check the interest rates offered by different lenders and compare them before availing of the loan.
2. Read the terms and conditions carefully before signing the loan agreement.
3. Make sure you have a stable source of income to repay the loan on time.
4. Don’t borrow more than what you actually need.
5. Make sure you repay the loan on time to avoid any penalty or late fees.
Also, Read: I Need 50000 Rupees Loan Urgently
Yes, there are several online loan apps that offer personal loans of Rs 2000.
The interest rate on a personal loan of Rs 2000 can range from 10% to 30% per annum.
You need to submit proof of ID, address proof, income proof, and a passport-size photograph.
Depending on the app, the process can be as quick as a few hours.
Yes, as long as they are registered and have good user reviews.
Most apps allow early repayment but check if there are any charges for the same.
Also, Read: I Need 30,000 Rupees Loan Urgently In a Day
Apps | APPLICABLE INTEREST RATE |
mPokket | 0% to 48.0% per annum |
CASHe | 2.50% per month |
MoneyTap | 1.08% per month onward |
Fibe | 24.0% to 30.0% per annum |
ICICI Bank | 10.75% to 19.0% per annum |
Bajaj Finance | 11.0% to 39.0% per annum |
HDFC Bank | 10.50% to 24.0% per ammum |
Axis Bank | 10.49% to 22.0% per annum |
Kotak Mahindra Bank | 10.99% per annum onward |
IDFC FIRST Bank | 10.49% to 36.0% per annum |
If you need a loan of Rs 2000 immediately, then you can follow the simple steps mentioned below to apply for the loan online:
Step 1: Download any one of the loan apps or visit their website mentioned above.
Step 2: Fill in your personal information like name, address, etc.
Step 3: Upload your important documents like PAN card, Aadhaar card, photo, etc.
Step 4: Based on your credit limit, select the loan amount you need.
Step 5: As soon as your loan is approved, the loan amount will be sent to your bank account.
Also Read: Get a Personal Loan Without Credit Score – 5 Fool-Proof Ways
Before availing of a personal loan of Rs 2000, there are certain things that you need to keep in mind:
1. Check the interest rates offered by different lenders and compare them before availing of the loan.
2. Read the terms and conditions carefully before signing the loan agreement.
3. Make sure you have a stable source of income to repay the loan on time.
4. Don’t borrow more than what you actually need.
5. Make sure you repay the loan on time to avoid any penalty or late fees.
Also, Read: I Need 50000 Rupees Loan Urgently
Yes, there are several online loan apps that offer personal loans of Rs 2000.
The interest rate on a personal loan of Rs 2000 can range from 10% to 30% per annum.
You need to submit proof of ID, address proof, income proof, and a passport-size photograph.
Depending on the app, the process can be as quick as a few hours.
Yes, as long as they are registered and have good user reviews.
Most apps allow early repayment but check if there are any charges for the same.
Also, Read: I Need 30,000 Rupees Loan Urgently In a Day
Credmudra is a digital platform designed for financial services leaders in India to share their insights and perspectives beyond the limits of social media. It is a purpose-built platform for experts from banking, NBFCs, fintech and others to reach the right audiences and transform finance. With Credmudra, finance professionals can establish themselves as thought leaders and engage meaningfully with India's top money minds and those shaping the future of lending. Unlike social media, this platform offers a space for compelling discussions and community building within the industry. Credmudra can elevate the quality of discussions and collaboration among influential authors in Indian finance.
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