Friday 24 November 2017

Get instant loans through your smartphone app with a click of a button

Managing your finances has now become more convenient, thanks to the smartphone platform. You can now easily make money transfers from your phone, get real time updates about transactions and even open a bank account when required.

But did you know you, can also get quick loans through the loan application app?

At some point in life, your financial requirements will require you to apply for a loan. Be it a loan for personal needs, or a specific requirement such as purchasing a home, a two-wheeler or even a car, the financial assistance will aid you in your venture. But while loan itself will provide you with financial aid, is the process that is often tedious and time consuming.

It often requires multiple visits to the lending institute, collection of documents and tedious wait of getting the loan processed. But with instant loans you can get the loan approved and the amount deposited in your account in a matter of few minutes or hours.

Here is how it is done:

Step 1: Download the required app: You only need a steady and secure internet connection to access the Google Play store or App Store. Once you access it, you can easily search for your required app and down load it. Ensure that you have the latest version of the app when you install it, so that you stay up to date and protected against any threats or risks.

Step 2: Register your account: Once you have downloaded the app, you will need to create your account. You will be required to provide a unique password along with registering your account assigned customer ID. Once you have finished registering your account, you can now proceed to opt for the loan you want.

Step 3: Select the loan option you would want: Proceed to the loan option section and opt for the loan type you would want. Depending on the loan option you select, you will be required to opt for the call back option, or check your eligibility. In the event you need to check your eligibility, you will need to provide relevant details about your income, place of work or self – business, type of work industry, place of residence and length of residency, monthly earning and current EMI payments amongst many others.

Step 4: Apply for the loan: You can now proceed with the application, by adjusting the loan rate value, tenure and EMI value as per your requirement. Once you have finalised the rates, you can submit your application.

Step 5: Loan application tracking: Once you have submitted your application, you can easily track your loan application with the assigned reference number. If there is no issue with your account details, then the instant loans will be approved.

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