Friday 24 November 2017

All you need to know about applying for a two wheeler loan through a loan app

A two wheeler has always been an ideal option for those seeking a convenient transportation. In fact, it is the ideal option for those who are looking to avoid traffic or even peak hour rush. Whether it is in the city, or the rural areas, plenty of individuals have opted for the two - wheeler, as it is one of the most economical investments.

However, applying for a two wheeler loan through the traditional channel will be time-consuming, like any other loan application process. You would be required to submit documents pertaining to your identity, address proof and even your employment and income status. You will need to submit these requirements to the closest bank branch at the appropriate time to submit your loan application.

Nevertheless, there is a convenient option to apply for a two wheeler loan which is as convenient as riding the bike. You can now apply for a loan through the bank loan app and get instant financial aid directly to your account.

Here is how you can go about applying for the bike loan on your smartphone today:

Download the app: This is the first step you need to take. Plenty of banks are now offering loan application apps with different features and services. You can easily opt for a bank app of your preference, or the bank app where you have a current account in. Once you have opted for the bank app of your preference, download it from the appropriate source. If you down load it from any other source, you run a risk of compromising your smartphone and your financial details.

Set up your profile: Once you have downloaded and installed the app, the next step you will need to take is to set up your profile. Here, you will need to input your name and your number for verification purposes. You may also to provide your bank account details to verify your account. Once this is done, you can proceed with the loan application step

Input your income and employment details: In the next step, you will need to input your income and employment details. Once you have inputted the relevant information, you will can calculate your loan eligibility. The app functions as a bike loan calculator providing instant results in terms of EMI calculation, loan value and fixed interest rate results. Once you have settled on a loan value that is to your need, you can then submit your application

Finalise details: Once you are done with the bike loan calculator step, you can move onto the last step. Here you will need to confirm details about your address, your office address and your identity details. Normally these details will already be filled in if you have synced your bank account. But as a precaution, you can confirm these details before proceeding ahead with the application.

No comments:

Post a Comment