Instant loan apps in India and how they have your back

-

In the past whenever you needed any sort of financial help, approaching a lender for a loan is almost about the last thing you could think of. Now the reason for this is mainly that the traditional loan process is either long or the amount you need is simply too small to approach a lender. Well, today if you find yourself in such a situation, you can apply for instant loan apps in India.

Having an instant loan app at hand is always better in case you might find the need of it. If you find yourself in a financial setback, you do not have to run around borrowing cash from your parents and friends and simply use your instant loan app. Many have found this to work best for them. The following are a few reasons why borrowers prefer using instant loan apps in India.

1.     Easy to use

When banks and NBFCs started the small personal loan service for mobile devices, many found it preferred because they didn’t have to make multiple visits to the banks. All they have to do is apply for the loan wait for up to 20 minutes to get their loan approved. Seeing that it is an online process, you can apply for the loan from anywhere.

2.      User friendly mobile application

The freely available mobile application has a simplified interface. This way, the user doesn’t get confused at any point in the loan process. If the user wants to check any information about the loan or the company’s policies, you can easily do so. All trusted apps have a “terms and conditions” tab which users can access any time they have a doubt. If you feel like you need any extra help from the company, you can contact the lender easily with the contact information provided on the app itself.

3.      Simple application process

The online instant loan process is simple and short. Once you have downloaded the app you want you will be asked to create a log in account for yourself. After this, once you have settled on the loan amount, you will be asked to fill a form. This needs to be filled within the app as well and submitted online. With this form you have to submit documents for your identity verification purpose. There are instant loan apps in India that ask you to submit two documents like your Aadhaar Card and your PAN Card. That’s it.

4.      Quick sanctions

After submitting all the needed documents, the lender will run a verification to check if all the information shared is in place or not. The sanction process of quick loans does not take too much time. Seeing that it is so different from the traditional process, you can get the sanction for your loan within 20 minutes. The loan amount is disbursed in up to 2 hours.

This way the loan doesn’t take too long anymore. You no longer have to visit the bank or NBFC to submit bundles of documents, or have to visit the branch. The quick and easy loan process is among the reasons

Comments

Post a Comment

Popular posts from this blog

Great benefits of an instant cash loans app

-
Going to the banks for a loan has always been a struggle. This is because the banks have complicated procedures that we have to go through in order to submit our loan applications. This is a huge problem when we are in urgent need of funds. This is the reason that a lot of borrowers have stopped going to banks for taking their loans and have instead started using an instant cash loans app. This is because these apps provide numerous benefits that make borrowers’ lives much easier. To give you a better idea, here are some of the benefits that an instant cash loans app provides: Borrowers have to submit their loan applications online Anyone who has applied for a loan at a bank knows it is a thankless task. They have to go through a tedious process where they stand in queues waiting for a long time just to submit their loan applications. This is really inconvenient for someone who is in a situation where he needs the funds immediately. This is why a lot of borrowers have n
Read more

Your Guide To Salary Advance Loan In India

-
Image
Most people live their daily lives by a fixed plan based on how much they earn, which decides how much they can spend and how much they can save. However, the unpredictable nature of life can subject them to any situation. In an unforeseen event where you need money, the fixed plan you have may cause you problems. Hence, in such a case, salary advance loans can be a blessing in disguise. There is a wide array of salary advance loans in India; each one suited to a different need. Hence, all you need to do is find the right deal from the right lender. What is a salary advance loan? Salary advance loan in India is essentially a personal loan that is granted against your salary. As a short-term loan, the funds from the loan are directly proportionate to your monthly income. Moreover, it can also be a multiple of your salary figure. After you receive approval from your lender, the loan amount is transferred to your bank account. A salary advance loan in India is best suited for peo
Read more

Thinking about taking payday loans in India? Here’s what you need to know.

-
Image
Thinking about taking payday loans in India Payday loans in India are rising to popularity. Many borrowers now depend on these finance solutions for their everyday financial needs, be it the grocery bills, vehicle repairs, medicinal needs, etc. These may be nominal needs but that doesn’t make them any less important and during a cash shortage a payday loan can help you cover all of these expenses and more. Therefore, if you are thinking of applying for payday loans online to plug your financial gaps, you are making a smart decision, just keep all of these things in mind.   Payday Loans India 1.  These loans generally range from Rs. 1,000 to 20,000. If you need a big amount of money, payday loans in India are not the solutions for you. They offer smaller loans that help you cover short-term needs. Most lenders will not offer more than 20K. Some might offer up to 50K to 1 lakh if the lender’s profile is exceptionally good. 2. Look for a mobile phone app. In
Read more