Technological innovations are part and parcel of every industry and even the finance industry is not behind in embracing the wind of change. It has come out with an innovative instant loan app, which can directly be used on a customer’s mobile phones.
India is going through a digital revolution. People prefer paying multiple bills, buy groceries, and book movie, train, and flights tickets on online loan apps. Hence, to tap into the trend, several lenders have come up with their versions of loan apps in India.
An instant loan app helps you apply for an instant personal loan, pay EMIs online, check out pre-approved loan offers, log complaints, and do more. As a result, it can save a lot of time when you can avail many financial services on your mobile phone.
If you are new to the world of online loan apps and want to know its features and benefits, you can go through this short post and dig deeper. Read on!
Instant loan apps – Features and benefits at a glance
You Can Apply for an Instant Personal Loan and More:
You can install an online loan app to apply for a personal loan and many other financial products as per your needs. You don’t need to visit your lender and invest time and effort in applying and getting the approval for a personal loan. You can open an instant loan app, fill up the loan application form, and submit it. If everything goes right, then you can get loan approval in five minutes and disbursal within 24 hours.
You Can View Loan Status:
You can also monitor progress and details of your loan accounts via loan app. You can view such details for all active and earlier loan relations. Even downloading loan statements is possible.
Paying Online EMIs is Now Super Easy:
A loan customer who has installed a loan app on his/her smartphone can also enjoy paying loan EMIs easily with some clicks. Also, the facility of flexible loan feature helps you pay 45.0% lower EMIs when you pay only the interest as EMI on used credit.
You Can Prepay and Foreclose Loan Accounts:
At any time, if you feel that you want to make some prepayments towards personal loan account or even foreclose it, it can be done via a loan app. You should also note that you don’t have to pay any fees for availing such services.
You Can Avail Pre-Approved Loan Offers:
If you have maintained a robust repayment history in the past, then you can enjoy some pre-approved loan offers on personal loans, home loans, and so on. Such deals will enable you to go through loan procedures fast and hassle-free. You only need to provide some basic details to unlock your pre-approved loan deals.
You Can Raise Request:
You can log a request, check its status, and even get a detailed view of all earlier logs on loan apps. This way, you can put across any complaint and query to your lender.
Applying for an instant personal loan can let you borrow up to Rs. 25 lakhs to cover your multiple needs. Doing it on an instant loan app can further expedite formalities to help you get quick loan approvals and disbursements.