An Emergency Loan is basically a Personal Loan that can be used to finance sudden, unforeseen expenses. You can use the money to deal with any kind of personal emergency, be it medical bills, education expenses, cash crunch during wedding planning, or anything else that may necessitate additional funds. With an Emergency Loan, you can tackle any sudden expense without having to let go of your existing assets or investments. What’s more, you get all of this without having to provide collateral, and the bank offers competitive interest rates on such an emergency Personal Loan.