Why to Take a Personal Loan from Mobile Apps?

Getting a personal loan is a way out for many people to meet expenses like running a household or keeping a business afloat in times of financial distress.

It may not be possible to visit the branch of a financial company and thus, using a payday loan app to meet financial requirements is a great way to get the loan without wasting time and effort. The use of an 
instant loan app on google play store has made it easy to apply for a loan, without the need to step out of your bedroom.

The Advantages of a Quick Loan App

One of the reasons for the popularity of using a loan app online or on the mobile is convenience. And since most people today own and use a smart device, a mobile app allows them to apply for a loan without stepping out of your home. Dive in to look at some of the advantages: 

  • It is easy to use – The loan app takes a few minutes to download and is available on both Google Play Store and the Apple App Store. Once you have downloaded the app, with one quick click you can access it anytime and from anywhere. 

  • It lets you know the applicable interest rate – The loan app lets you know the applicable interest rate as soon as you share the requested loan amount and eligibility. You can take the help of a calculator to know the EMI before taking a call. 

  • Get a quote on the app – You can use the support tab on the app to get a quote through the app. After that if you choose, it is easy to apply for a loan on the app and get approval without visiting the lender’s branch. 

  • You can apply for the loan from anywhere – Once you take a call on the loan amount and tenure, you can apply for the loan from anywhere. You can sit at home in your room and complete the application process. 

  • You can upload your documents – You do not need to depend on another person to handle your documents. Take a picture from your smartphone and upload on the app. Do ensure that you are uploading the correct documents as required by the lender. 

  • You can apply for a large loan amount – Many lenders extend the highest possible personal loan amount to their customers. So, if you fall within the eligibility bracket of the lender, you can be sure to get the desired loan amount to meet all your requirements. 

  • Get access to your loan account – One big advantage of an instant loan app is that you can access the account instantly to know the details. If you want to take the support of a customer care executive, you can. But, all information with regards to past payments and pending EMIs are shared on the app. 

  • Pay with a click – You can link the loan app with your bank account and pay with a single click. There is no need to send cheques at regular intervals and worry if the signature would match. 


The use of a Fullerton India Instaloan loan iOS app is the new way to apply for a loan, but you must carefully choose the lender before you download.

 

Shilpi

Hi, I am, a professional blogger. I have done MBA in Finance and worked in many finance organizations. I have worked on top financing firms for the past 4 years. Recently I am working on various blogs.