loan app
Loan Apps: Personal loans have become an important source of funding emergencies and needs. Even if you have enough money saved, there are situations in which you find yourself in need of extra funds. In such a scenario, taking a personal loan is a good option.
A personal loan is an unsecured loan for which you do not have to provide any collateral security. Personal loan apps have made it more workable to avail an instant loan. There are many instant loan apps in India through which you can avail loan services.
These loan apps have become popular, owing to their features. Read on to know the benefits that you can get by applying for a personal loan with an online app!
When you apply for a personal loan in an emergency, you need the funds immediately. A loan app allows you to submit scanned copies of your documents online and verifies them automatically. It helps in completing your personal loan approval process quickly and serves your purpose of getting instant funds.
When you avail a personal loan on a loan app, you get the facility to pay your monthly loan installments online through the app. It not only saves your time but also saves you from all hassles of physical payment. Moreover, you get reminders on the loan app for payment of your EMI. Hence, there is no possibility of lapse of EMI payment because of forgetfulness.
Another significant feature about a loan app is that it allows you to manage your loan account. A personal loan app enables you to manage your active loan account and download your financial statements.
There are loan apps that also let you view statements and other details of your closed loan accounts. Thus, it is beneficial for maintaining updated financial accounts, as all the information is always a click away.
Drawdown functionality is another advantage of applying for an instant loan through an online loan app. You can request drawdown facility by authentication of your one-time password.
Loan apps can get you a personal loan even with a Poor Credit Score by helping you improve your CIBIL score. Sometimes your credit score calculated by banks does not turn out to be good. In such a case, an instant loan app helps you to leverage your SLQ.
SLQ is the Social Loan Quotient calculated on personal loan apps. It is India’s first social behavior-based credit rating system for salaried individuals. You can increase your SLQ with a good presence on digital media.
There are many other benefits of using a loan app for getting a personal loan. Personal loan apps are easy to use and provide quick disbursal of funds. You can access your loan amount on the app at all times and use it for any purpose. These loan apps also provide feedback and rating facilities to serve you better in the future.
With so many advantages, using a loan app for getting a personal loan is the right choice. There are many loan apps available online. You can download an app according to your choice depending on the credibility of the app, navigation features, and other functionalities.
One such loan app in India is the Bajaj Finserv app. You can check the features of Bajaj Finserv app online and download it to avail loan services. Bajaj Finserv offers pre-approved deals on instant personal loans, home loans, business loans, EMI finance, credit cards and more.
Such deals help you reduce the loan formalities by making it less time-consuming. All that you have to do is share your basic inputs such as your name and mobile number to unlock your pre-approved loan offers today.
This website uses cookies.