Many lending institutions have utilized technology to make their customers’ life simpler. Today if you need financial support, you don’t need to look past your smartphone as lending institutions have developed personal loan mobile apps downloadable on mobiles. Whether a personal loan for professionals/businesses/medical emergencies/fund a big-ticket expense, you can get funds within minutes. A personal loan app is a backup when you need financial assistance. A personal loan app is a convenient financing option. Have it on your smartphone wherever you go, and you are good to utilize these apps to get a personal loan.
If you think about whether to download a personal loan mobile app or not, look at the following reasons that will inspire you to install it today.
1: Quick approval and instant cash access through the loan app.
The personal loan approval procedure through mobile applications is much faster. It allows you to access instant credit. Once you apply for a loan through the mobile app, the loan approval decision can be made within a few minutes.
2: Apply for a personal loan 24/7; overcome an emergency.
If you are facing a financial crunch, just take your mobile phone, download the Fullerton India InstaLoan app and apply for an instant loan online. Instant personal loan apps are 24/7 accessible for credit approval services. Enjoy quick loan approval and instant money access.
3: Save your time and efforts.
A personal loan application process was a cumbersome task as individuals needed to comply with burdensome documentation, making it a complex and lengthy process. Now a lending institution with a mobile app is ready to offer a loan in no time. Whether at home, office, or travelling, make an online loan application with a click of a button. It is a digital process with an eKYC feature where you can save time and effort.
4: Loan apps are safe and secured.
You need not worry about your privacy as personal loan apps of lending institutions in the organised credit sector are 100% secure and trustworthy. If you act responsibly with required due diligence about the lending institution, you can ensure safeguarded personal information with a secure password. Renowned non-banking financial companies (NBFCs) assure loan applicants about financial and personal data security with the most advanced encryption technologies.
5: Keep tracking your debt.
With a personal loan mobile app, you can experience smooth tracking. It is very convenient to track your borrowings through a mobile application. It allows you to check your debt, exact due amount, and payment dates with a click on one button. Also, you can automate notifications of payment reminders to ensure timely payments and maintain a high credit score.
6: Direct fund transfer to your savings account.
Once your personal loan application gets approved on the app, you can receive your funds in your savings accounts. Like the hassle-free application process, loan disbursal is convenient with a direct fund transfer option on mobile loan apps.
7: Small or big-ticket loans.
Personal loan apps allow you to apply for instant small or big personal loans. Depending on the lending institution, you can apply for Rs. 50,000 to Rs. 25,00,000.
Thus, installing a personal loan mobile app on your smartphone is excellent for instant financial support.
Why Personal Loans are Preferred
- You can borrow a high loan amount up to Rs.25 lakhs, depending on your eligibility.
- Use the loan amount as per your requirements. There is no end-use restriction for personal loans.
- You can enjoy flexible and attractive interest rates.
- Personal loans come with flexible tenures to repay the loan amount.
- 100% digital loan procedure if you apply online. Access the required amount without heavy paperwork.
If you are an existing customer of a lending institution, you can expect additional benefits for existing customers. After the lending institution performs all checks, the approved loan amount can be credited to your account within 30 minutes by reputable NBFCs. Utilise loans for medical emergencies, used car purchases, debt consolidation, higher education, wedding, home renovation, or any other. Take your phone and apply for an instant personal loan via the lender’s mobile app – Instaloan. It is as simple as that.