Friday 24 November 2017

How to use the loan app to meet your loan requirements?

You may be facing a situation where you would be required to apply for loans. Whether it is a home loan, a car loan or even a personal loan, you will need to take measures in order to apply for this loan, especially when going through the traditional channels.

However, this aspect changes when you are applying for the loan through the loan bank app. The loan app is the new addition that is taking over the financial market. Just like approaching a bank for an app, you can now apply for a bank loan through a downloadable app.

Here is how the bank loan app can assist you

Step 1: Download the app – Downloading the loan bank app is simple. You only need to check out the Play Store or the App Store for the relevant app. You can even follow the instructions provided by the bank on their website. However, ensure that you download the genuine app, from a genuine source. This is done to avoid any possible counterfeit app, that can collect your personal or bank details and misuse it. Any other app can also compromise your phone, providing easy access for hackers to access your data. 

Step 2: Log in the app with your personal details: Once you have downloaded the app, you will need to secure the log in with your personal details. That means you will need to put in your details, along with a custom password. Once you have secured your log in details with your personal details, you can easily put in your financial details

Step 3: Apply for the relevant loan: There are various loans available in the loan bank app. You can apply for the loan that is relevant to your requirements. You can also check out the current deals and benefits you can avail at that current moment when you opt for that particular loan you want.

Step 4: Log in your bank details:  As a part of the application process, you will need to provide certain documents. This would include your bank account details, your employment details and your income details. You would also need to provide relevant information about your Aadhar or PAN card details. In doing so, the lending institution will register your financial profile and calculate the appropriate loan amount 

Step 5: Check for eligibility and loan rates: Once you have registered the relevant details, you can now proceed with the loan application. The first step you will need to take is calculating your eligibility for the loan. This can be done within the app itself. Once you have satisfied the eligibility criteria, you can easily calculate the appropriate amount that will suit your loan requirements. Once done, you can submit your application through the app.

Step 6: Track loan status: Once you get an acknowledgement of your submission, you can track your status through the status tracker.

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