A loan is a great tool to build a credit score. It is also a helpful product if you require quick cash for immediate needs. The top Indian banks offer up to ₹40 lakhswith a top-up facility, affordable processing fees and a loan tenure of up to 60 months for a personal loan.No wonder the size of the lending landscape in India has been improving rapidly from 2017-2021. The overall personal loans portfolio saw 2.3 times growth in originations by value and 3.8 times by volume in the previously mentioned period. A consumer durable loan is another product to purchase durable items with loan amounts ranging up to ₹5 lakhs.
The most convenient way to borrow money is via mobile loans. The best app is innovative, simple and intuitive. It is a one-stop solution for all your financing needs. There are a few things to know before applying for funds via an app.It will help you take an informed decision and make the process smooth and hassle-free. You will also reduce the chances of an application decline. Take a look.
Ø Top Tier Features
It is crucial to be able to manage your loan via the app. This is quite time-effective and saves you from human interaction amid an ongoing pandemic or otherwise. The loan can take care of all your servicing needs by letting you:
- Check your loan account status
- Download statements
- Apply for instant loans wherever required
- Pay your EMIs online
- Track your loan application
- Raise a service request
- Easy buy EMI card details
- View latest offers and set your loan for auto payment.
Apply for instant loan on an app that is available in Hindi, Marathi, Punjabi, Bengali, Tamil and Kannada for your ease. It will help you use the facilities much better.
Ø No Security or Collateral Required
You do not have to worry about secured loans. The apps will not ask for collateral or guarantors before disbursing your fund. The process is solely based on your creditworthiness and the bank’s discretion. No need for a co-signee as well. This can quicken the process since there are no documents to evaluate. It is a great option if you wish to get immediate loans in the event of medical or other emergencies.
Ø Process of Loan Application
A loan can help you with big-ticket purchases, medical emergencies, business needs, weddings, vacations and personal needs. But you have to ensure a smooth application process to be able to make the most of these benefits. Download the app from the App Store and Google Play Store and fill in the basic information to get an approved loan offer in minutes. Pick a flexible loan amount and EMI repayment plan that will suit your needs. Upload all the documents online and get the loan easily without complications.
A clear knowledge of applications can speed up the process of getting mobile loans. Learn about the fees and charges as well to be able to arrange the finances beforehand.
A loan app comes with negligible paperwork. You can simply download and get started with the application process. Get in touch with customer service if you require help.
28/1/22
Applying for a Loan Via an App? Here’s What You Need to Know.
A loan is a great tool to build a credit score. It is also a helpful product if you require quick cash for immediate needs. The top Indian banks offer up to ₹40 lakhswith a top-up facility, affordable processing fees and a loan tenure of up to 60 months for a personal loan.No wonder the size of the lending landscape in India has been improving rapidly from 2017-2021. The overall personal loans portfolio saw 2.3 times growth in originations by value and 3.8 times by volume in the previously mentioned period. A consumer durable loan is another product to purchase durable items with loan amounts ranging up to ₹5 lakhs.
The most convenient way to borrow money is via mobile loans. The best app is innovative, simple and intuitive. It is a one-stop solution for all your financing needs. There are a few things to know before applying for funds via an app.It will help you take an informed decision and make the process smooth and hassle-free. You will also reduce the chances of an application decline. Take a look.
Ø Top Tier Features
It is crucial to be able to manage your loan via the app. This is quite time-effective and saves you from human interaction amid an ongoing pandemic or otherwise. The loan can take care of all your servicing needs by letting you:
- Check your loan account status
- Download statements
- Apply for instant loans wherever required
- Pay your EMIs online
- Track your loan application
- Raise a service request
- Easy buy EMI card details
- View latest offers and set your loan for auto payment.
Apply for instant loan on an app that is available in Hindi, Marathi, Punjabi, Bengali, Tamil and Kannada for your ease. It will help you use the facilities much better.
Ø No Security or Collateral Required
You do not have to worry about secured loans. The apps will not ask for collateral or guarantors before disbursing your fund. The process is solely based on your creditworthiness and the bank’s discretion. No need for a co-signee as well. This can quicken the process since there are no documents to evaluate. It is a great option if you wish to get immediate loans in the event of medical or other emergencies.
Ø Process of Loan Application
A loan can help you with big-ticket purchases, medical emergencies, business needs, weddings, vacations and personal needs. But you have to ensure a smooth application process to be able to make the most of these benefits. Download the app from the App Store and Google Play Store and fill in the basic information to get an approved loan offer in minutes. Pick a flexible loan amount and EMI repayment plan that will suit your needs. Upload all the documents online and get the loan easily without complications.
A clear knowledge of applications can speed up the process of getting mobile loans. Learn about the fees and charges as well to be able to arrange the finances beforehand.
A loan app comes with negligible paperwork. You can simply download and get started with the application process. Get in touch with customer service if you require help.
