Did you know that your smartphone is the best way to apply for a loan?

In this time and date science and technology have reached new heights! With the introduction of the internet and recently smart phones, communication has become simple and less complicated.

In fact, a smartphone basically constitutes your world in a tiny handset. With a smartphone you can make calls, play games, read books, listen to music, pay bills, shop online and now even apply for loan through various bank apps. Thus, even banking has been revolutionized with the introduction of the smartphone.

Banks today are coming up with personalized apps, in an effort to make banking easier and hassle free for customers. So much so that you can now look up information of different loans and avail a loan application form online too. All one needs to do is fill in the relevant personal information that the loan application demands and submit it. A bank official will soon contact you to further discuss the loan that you want to apply for.

One can easily apply for any loan through such loan assist apps. Just download the app from the play store on your smartphone and sign in. Once this is done, you can search for information and a loan application form for any type of loans including education loans, personal loans, home loans, mortgage loans, property loans, auto loans etc.

Thus today, one can apply loan online from anywhere, through a loan assist app downloaded on their smartphone! You just require a smartphone and an internet connection to send in your loan application.

Here are some advantages of loan assist apps offered by banks that customers should be aware of-

• User-friendly- These apps have been designed to cater to the needs of customers. Thus they are simple to handle and to the point. Moreover, clear instructions are offered on how to use these apps.

• Informational- Loan assist apps are quite informational. They provide facts about all types of loans and information on how to apply for loan as well. A number of podcasts are also available on the apps offering news about recent financial developments and investment options.

• Easy to access- All one needs to do is search for a loan assist app on their play store, check rating and authenticity and download the app. Most of these apps are free, so one does not have to spend money purchasing any.

Banking and sending in loan application has now become convenient and hassle free. One definitely does not need to pay a visit to the bank when they can avail relevant information on loans through their smartphone!

How can your loan application process be made easy?

Gone are those days when one had to make multiple visits to the bank to open an account or apply for a particular loan. With the introduction of smart phones, online banking has been completely revolutionized! Banks have now come up with self-assist apps which allow customers to open accounts, make transactions, pay bills and also apply for bank loans.

Taking a loan from bank is a grueling process which involves quite a bit of documentation and paperwork. But, with the introduction of various loan apps, applying for and processing a bank loan has become much easier.

Here are some features of loan apps that make availing bank loans hassle free and time saving-

• Avail any loan with just a tap-

Once the app is downloaded and you are registered, you can search for any fresh loans offered by the bank, be it a car loan, home loan, personal loan, two wheeler loan, availability of credit cards, business loan, loan for gold etc.
A customer can avail all the relevant details of any kind of loan on the app, without personally paying a visit to the bank. Thus, one knows all the information required to send in a loan application to the bank.

• Plan a budget using the EMI calculator available on the app-

Bank loans need to be planned. A borrower should calculate the overall price of the loan and make a comparison of the different rate of interests offered by various banks and financial institutions.
In order to make such calculations, one can take the help of the EMI calculator available on loan apps. The calculator is highly accurate and makes budgeting simple and easy.

• Apply for the loan through the app-

The app features the bank loan application form for each and every loan that is offered. A customer looking for a particular type of loan just needs to fill in the required details and press ‘submit’. A bank official will get in touch soon to discuss further details of the loan and its terms and agreements.

• Listen to podcasts about loans-
In order to get the latest information about new loans and investments, a customer can listen to various podcasts on the app. These podcasts are highly informational and provide knowledge about the current market interest rates and deals.

In this time and date a number of loan options are available, and getting a loan from bank is easy.
While, the processing and paperwork is a bit time consuming, banks are making a great effort in simplifying this step as well. They are designing and introducing helpful loan assist apps that are both informational and user friendly.

Banking apps: Keeping your finances safe

Fast, faster and fastest are the three stages that the modern life operates in. Mobile phones are now not just restricted to communication, they double as one’s bank and are fully capable of performing a range of functions that would previously require a visit to the bank. Paying bills, transferring funds, checking the account balance and much more is now possible with mobile banking apps.

Availability of Apps and their Advantages:

These banking apps are usually available in all operating systems. They can be used on smart phones, desktops, laptops and tablets. Previously working and managing finances was a real headache as banking and working hours would clash making it very difficult for a person to visit the bank physically. Now it can be done at your convenience. You can easily plan investments, make transactions, make payments and tend to other needs as per your schedule. Moreover, online transfer has made it more convenient to pay bills and make payments anytime of the day.

Payment Process and why it is Safe:

Mobile banking apps are a secure way to make payments. A number of measures are taken to ensure that no one can tamper with the transactions. Multiple check posts on the transaction process prevent any accidental transfer of money. Your transaction shall not be processed if the inputs given are wrong. It needs various fields to match such as the account number, name and the IFSC code and then only the transfer can take place.

Most importantly developing banking apps and other modes of payment using the internet has made transactions safer. Now you get notifications regarding your account once any transaction takes place or even if your account balance is lower than the required amount.

OTPs (one time passwords) are essential for processing transactions. Even if your debit/credit card is stolen, a person cannot use it unless he has access to OTP.

Elimination of Human Interface:

The elimination of a human interface saves you from the troubles of corruption as people don’t get a scope of demanding bribes and extorting you. Banking apps and online payments increases transparency in transactions. You also get the facility of IMPS (instant fund transfer) that makes your transactions faster and does not require a long time to be processed.

Security Measures in Case of Theft:

Blocking cheques, reporting card theft or communicating with the bank has now becoming easier with mobile banking apps. Internet banking, mobile banking apps and debit cards all have different pin numbers and ids. Hence a customer’s account is quite safe and secure at all times.

Banking apps: Keeping your finances safe

Fast, faster and fastest are the three stages that the modern life operates in. Mobile phones are now not just restricted to communication, they double as one’s bank and are fully capable of performing a range of functions that would previously require a visit to the bank. Paying bills, transferring funds, checking the account balance and much more is now possible with mobile banking apps.

Availability of Apps and their Advantages:

These banking apps are usually available in all operating systems. They can be used on smart phones, desktops, laptops and tablets. Previously working and managing finances was a real headache as banking and working hours would clash making it very difficult for a person to visit the bank physically. Now it can be done at your convenience. You can easily plan investments, make transactions, make payments and tend to other needs as per your schedule. Moreover, online transfer has made it more convenient to pay bills and make payments anytime of the day.

Payment Process and why it is Safe:

Mobile banking apps are a secure way to make payments. A number of measures are taken to ensure that no one can tamper with the transactions. Multiple check posts on the transaction process prevent any accidental transfer of money. Your transaction shall not be processed if the inputs given are wrong. It needs various fields to match such as the account number, name and the IFSC code and then only the transfer can take place.

Most importantly developing banking apps and other modes of payment using the internet has made transactions safer. Now you get notifications regarding your account once any transaction takes place or even if your account balance is lower than the required amount.

OTPs (one time passwords) are essential for processing transactions. Even if your debit/credit card is stolen, a person cannot use it unless he has access to OTP.

Elimination of Human Interface:

The elimination of a human interface saves you from the troubles of corruption as people don’t get a scope of demanding bribes and extorting you. Banking apps and online payments increases transparency in transactions. You also get the facility of IMPS (instant fund transfer) that makes your transactions faster and does not require a long time to be processed.

Security Measures in Case of Theft:

Blocking cheques, reporting card theft or communicating with the bank has now becoming easier with mobile banking apps. Internet banking, mobile banking apps and debit cards all have different pin numbers and ids. Hence a customer’s account is quite safe and secure at all times.

Check out these features of the internet banking app and how it can help you

Internet banking is becoming the need of the hour in India, especially among the younger generation which relies on smart phones for every day needs. It has unlimited advantages over traditional branch banking, which has made it the new face of modern banking in India. Also known as e-banking or online banking and used in short as net banking, it is a feature that allows one to access their bank account from anywhere and at any time using internet through a mobile or computer.

At present, almost every bank has internet banking services in India and people are slowly adapting to this latest trend. Due to the low internet literacy rate in the country, online banking needs more time to start functioning as a mass product. The limitless advantage it has over traditional banking makes it very potent to take over as the only mode of banking in the future.

Internet banking has nearly all the features and services of branch banking and it is very user friendly as well. Listed below are some of the key features of online banking and how it helps you:

• The first and foremost point of internet banking is that it gives you access to your account 24*7 and 365 days. Even when it’s a public holiday or 12 midnight, you can login to your account if needed.

• Online banking allows you to transfer funds to anybody by linking their account instantly. This feature is very useful for businesses as it is completely hassle free.

• It saves you a lot of money and time as one does not have to visit their bank branch every time they need to make a transaction or deposit money.

• It is an ecofriendly mode of banking, which has attracted large number of people around the globe. Online banking allows you to download bank statements in PDF format, thus saving paper.

• It is one of the safest modes of banking as it has multi layered security that is set by you while registering for online banking.

• It allows you to open deposits and fixed deposits and also buy general insurance on the go.

• You can use it to make your monthly bill payments and also use it as the default payment mode.

• You can also make payments and apply for loan with internet banking.

Internet banking is also very user friendly and beneficial because of its multi-purpose functions. It is especially a hit among the younger generation of boys and girls in the country who are much more tech savvy than the older generation.

Do you know what the net banking app can offer you?

HDFC net banking also known as e-banking or virtual banking is short for internet banking. This feature enables a person to handle his finances using the internet, without being physically present at the bank in contrast to the traditional way of banking.

It is an electronic payment system that allows you to do transactions both financial and non financial as per your need, using your mobile or computer. It is the latest outcome of technological advancement that has changed the face of modern banking.

In order to use this feature you need to register yourself with the HDFC bank for online banking. Set up your password and other credentials and you have access to your HDFC bank account 24*7 from anywhere, through your mobile or computer. Contrary to the most prevalent perception of net banking in India, it is very much safe and secure to use as it has multi layered security.

The HDFC net banking app has a wide range of features and offers its users with a long list of services both financial and non financial such as:

• You can view your account balance whenever you need.
• You can download your bank statements in PDF format.
• You can transfer funds to anybody by linking their account.
• You can also use it for online bill payments and third party transfer.
• You can view paid cheques and order cheque books.
• You can download your periodic account statements.
• You can also apply and pay for your loan amount.
• You can also use it to apply for credit cards.
Although net banking is not very common in India because of the low internet literacy rate, it is finding its place especially among the young generation because of the advantages it has over branch banking. Some of the advantages are:
• It gives you permanent access to your account no matter what time or day it is; you can use your bank account as desired.
• The biggest advantage of internet banking is its cost effectiveness. It allows you to access your account without spending a single penny.
• It saves you a lot of times as you don’t have to travel to your bank.
• It is very safe and secure as it has multi layer security.
• It helps you to transfer money instantly on the go.
• It is very easy and user friendly.

Apart from these basic and most common services offered by most of the banks, HDFC net banking app also offers additional features as well. For example one can aggregate all their accounts in one place using net banking. One can also use it for their default monthly payments and also manage multiple users account at one place.

Digital bank apps is the need of the day

Today, digital banking has become the need of the hour. Individuals lead extremely busy lives, and after the end of a hectic day, it is next to impossible to spend time waiting in lines at the bank. This is where digital or online banking comes in.

Digital banking gives the customer the comfort of conducting their banking transactions right from the comfort of their homes, without taking the trouble of standing in line at the bank. All banking transactions such as checking funds and balances, transferring money, and even paying bills can be done via digital banking.

This digital transformation has essentially changed how we live, how we work, and how we bank as well. Transferring money within a matter of minutes and paying bills on smartphones were unheard of till even a few years ago, but they have become very commonplace realities now. Conducting banking transactions using digital banking apps is the common norm today.

Today, almost everyone has devices such as smartphones and other appliances which are always connected and are constantly able to collect data and exchange it. This has led to the delivery of any kind of financial information whenever and wherever you need it. This perpetually connected world, which provides financial management to people at the tip of their fingers, thus needs similarly digitally connected apps that can deliver a 24x7 seamless banking experience.

The explosion of internet-connected gadgets means that the demand for faster digital integration has to be met. Digital banking apps are able to facilitate quick and secure financial transactions.

Moreover, digital banking apps can provide user-friendly interfaces that enable third-party service integration which give banking providers greater control over access of customer information, thus ensuring both ease of access and superior security.

Digital banking is also extremely helpful in paying bills online, which is why so many customers are turning towards it. Paying bills is an aspect that all of us have to deal with at some point in our life. Before the shift towards everything digital, paying bills used to be a cumbersome process. Today, with the introduction of mobile banking apps that provide digital bill payment services, paying bills directly through your bank has become extremely hassle-free.

Digital banking apps cash in on the popularity of smartphones and easy access to the internet, making these apps a must-have for anyone who holds a bank account and wants to conduct all banking transactions with just a few taps. Digital communication is at an all-time peak now, and this is why digital banking apps are also the need of the day!