Apply For Online Home Loan Via App To Get Instant Approval

The housing sector of India registered a growth of 7.8% in the financial year 2019. Numerous government sponsored policies facilitate such growth. It is important to note that convenient financing stands as the single most influential factors leading to growth in housing. Under the circumstances, customers need to understand how they can apply for the credit financing instantly at short notice using a home loan app on their smartphone.

Understanding the Loan App

Home loan apps, as the name suggests allowing its users to access all aspects of the loan product from their smartphone. This includes checking the details of the offer, calculating EMIs and working out their financial repayment structure, etc.

Furthermore, these apps also allow customers to access all other existent lines of credit under the same financial institution. Customers can check all detailed eligibility and document requirements and prepare them ahead for upload.

Application Procedure Via Home Loan App

After a user has selected his or her financial plan, the following steps can be easily availed to complete the loan application. With the help of instant loan apps, customers who have their documents ready for upload can complete the procedure within a matter of minutes.

  1. Users should fill in the relevant details regarding the concerned property to be purchased and the consequent amount of credit needed. Personal information is already uploaded and synced on the account directly.
  2. Once all sections of the form are filled up, customers should upload all required documents to the appropriate portal.
  3. After submission of the form and documents, customers should wait for approval, which is reasonably fast. Post-approval, the disbursal of money is credited to the account of the borrower directly.

Most NBFCs usually provide multiple convenient features to enhance the customer experience of availing a home loan through quick and easy loan approvals.

Additional Benefits Of Online App:

Several other benefits are available on credit acquired through apps, making it accessible among borrowers. The best loan app must the following features –

  • Multiple account handling

All related accounts under the same financial institution can be accessed from a single app.

  • Access statements and bills

All bills and reports along with EMI payment receipts can be accessed.

  • Easy payments

Multiple payment options along with the option to sync the credit account with salary account allow timely repayment.

  • Notifications

Regular notifications keep users updated on new plans as well as due dates.

  • Option to drawdown

This option on a home loan app allows customers to avail an additional credit line on the top of an existing one in times of emergency.

  • Multiple app accessibility

Customers can access other wallet apps directly from this app, allowing them to clear bills and repayments quickly.

  • Family Sharing

This feature allows many family members to access an account from via a single app. Apps like Bajaj Finserv App – Experia offer access to up to 6 family members.

  • Easy help

Chat Boxes offer secure support in case a user is stuck while using these apps. Customer helpline can be contacted through calls, text messages, or e-mail.

Financial institutions such as Bajaj Finserv even bring you pre-approved offers that make availing loans quick and easy. Pre-approved offers are available on numerous financial products like home loans, personal loans, etc. You can check your pre-approved offer by providing your name and phone number.

The additional features offered by loan apps from a trustworthy financial company enhance customer experience immensely. Such apps allow consumers to access all necessary details of their loan accounts any time along with many other benefits.