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Why can’t I just take a personal loan for emergencies?

Yes. You can.

But a loan will have to be repaid with interest. Instead of paying a personal loan EMI, you can do a SIP now and create your Emergency Money.

Also it’s possible that the bank may not give you a personal loan, or take time. You don’t want to be running around doing that when you have your emergency to take care of.

Hope we helped! Why not get started with your Scripbox.
If you need further assistance please feel free to reach us at 1800-102-1265