When it comes to raising some urgent funds to manage cash crunches in life, nothing works better than an instant loan facility such as a personal loan.
A personal loan is an unsecured loan facility and is offered by a lender as per your CIBIL score and repayment and employment history. Based on matching lender’s eligibility, you can get as high as up to Rs. 25 lakhs at a reasonable interest rate.
If everything is good, you can also get loan approval in five minutes and money is disbursed within 24 hours into your bank accounts. This way, you can manage your expenses super easy.
Nowadays, one uses several types of online apps to buy groceries, pay utility bills, book flight and movie tickets, and do more through smartphones. To get aligned with changing lifestyles, all imminent online lenders are also offering the facility of an online loan app.
By using online loan app in India, you can apply for a personal loan and enjoy many financial services on your phones.
Here are some quick advantages of using personal loan apps and other loan apps to manage many loan-based services easily.
- You can apply for a personal loan as per your comfort- With personal loan app installed on your smartphone, you can apply for a loan at any time and anywhere. You don’t have to visit or call your lender’s customer care to do that.
- You can get super quick loan approval- Since the loan application process involves online procedures, you don’t have to wait for ages to get the loan approval. If there are no issues, then you can get loan approval in 5 minutes and money disbursed into your bank account within 24 hours.
- You can manage and track your loan easily- You can track the progress and other details of your loan such as next EMI payment date and total EMIs paid on a loan app. You can do that by assessing the entire loan details with some quick taps on the app. You can also download a copy of loan statements.
- You can take up pre-approved offers- From time to time, lenders offer some pre-approved loan offers to borrowers with an excellent repayment and income record. Such offers help borrowers in minimizing overall loan procedures to make it less time-consuming. Applying for such pre-approved loan deals via an online loan app is possible nowadays.
- You can pay EMIs, make prepayments, and foreclose loan- With the use of an online personal loan app, you can also pay EMIs online, make prepayments to pay smaller EMIs, and even foreclose the loan. With the loan app, there is no need to pay your lender a visit to enjoy such services.
- You can raise request- In case of facing any urgent issues related to the loan, you can log the request and get it resolved immediately. You can also monitor the status of such requests and earlier logs with a detailed description.
