Why a loan application app will help you save time

In today’s world, owning a smartphone is not just a privilege, but a necessity and a blessing. The world is connected and interconnected in a way at this very point in time which was unimaginable even ten years back. The world is at your disposable within the palm of your hands. There are millions of mobile apps that are devoted to everything and anything, and surely banks are not falling behind in this game. Mobile apps are extremely user-friendly and convenient.

In the olden days, people would visit the bank every day whether it was to withdraw money or add money to your account. But the world has changed now. Internet and mobile banking options are availed by almost everyone. Using a mobile banking app not only saves time but also money and energy. Here is how.

Applying for a loan application is a tedious and tiring process where you have to manually go through all the loans that are available in the market and are on offer by different banks in order to narrow down on the one that ‘you’ need. When you try to apply for loan, you will be required to visit the bank many times in order to understand the process and get the necessary documents sorted out. Thus, loan application is very taxing and physically exhausting and at times can also get extremely frustrating.

But a mobile application app will cut down on all this running around. Make your banking experience enjoyable rather than frustrating by sitting in the comforts of your home and taking sips of your favourite hot beverage. A mobile loan application app also saves you money and energy by eliminating transportation costs that would have been a factor had you had to physically visit the bank.

According to the Mobile Ecosystem Forum’s study about sixty-one percent of the population make use of mobile banking on an everyday basis. Also, according to the Financial Express the numbers of online banking users are estimated to increase to about 150 million by the year 2020. When you open an account with a bank, they will provide you with an identification number which is unique to you and is secured. Later when you download the loan application app on your mobile to apply for a loan, the ID number will link you to your account details and previous banking transaction history. This ID number ensures your privacy and security. So these are the ways that loan application app will save you money, energy and most importantly time.

How to get the best of the bank loan through the bank loan app

There is no denying the fact that smartphones have made our life so much easier. Smartphones are not just a calling device anymore; they give you the benefit of emailing, shopping, finding restaurants, booking cabs, hotels and even banking.

Applying for a loan from bank can be a rather tricky business. It is one that needs careful consideration and lot of research. As a preliminary step begins by doing a thorough market research of the bank loans that are being offered by different banks in the market. There are also various kinds of loans that you will encounter. After you have carried out a thorough research of all the loans, focus on one that best suits your financial standing, your monthly earnings, your needs and the best interest rate that is being offered by the concerned bank against the loan. While selecting a loan, you will also need to take into consideration your monthly expenses, the income of your partners, if you have any previous debts that you are yet to clear and the assets that you have in hand.

Basically applying for loans involves hours of research. For this you will be required to sit in front of a desktop or laptop for hours on end; this can be a rather difficult job and one that is sure to give you back pains. Not only do you have to search for the perfect bank loan for you but you also need to meet certain eligibility criteria for the bank loan selected. But thanks to smartphones, you can continue this tiring search anywhere and anytime. All you need to do is download the app. And then you are one step closer to getting your bank loan.

After going through tons of bank loans, when you select the one that you require, you can read up on the documents that you will need to submit, from the mobile app at the time of application for that particular bank loan. After your application process is complete, you will be given an identification number. This will link your app to your bank account details and your previous banking history. This ID number is a direct link between you and your loan application via the app, and there is no third party involvement.

With the mobile banking option, you can avail of not only the benefits mentioned above but also plenty others. Mobile banking has not only made the lives of urban folk easier but also that of the rural ones who have restricted access to the banks. So, do not ponder any longer, download the app today and get banking from the comforts of your own space, be it anywhere and anytime.

Make the most of the internet banking benefits through these features

Money management can be stressful and what better way to get rid of those woes than internet banking. With every passing day, more and more people are opting for net banking due to the convenience that its unique features present. Internet banking brings the bank to our fingertips and is a one stop shop for serving all your banking needs. It provides many features and facilities that simplify banking to a huge extent. Here is how you can make the most of the impressive features provided by internet banking and thus reap the benefits.

Seamless Account Creation

Earlier, there was no way in which you could open a bank account without physically visiting the bank. Now with internet banking, you can get done with the entire enrollment process without even having to step out of your home or office. While the online application forms may vary from bank to bank, it does not take more than 10-15 minutes to fill one out. After you have input all the required details, your account will be activated within a few days. The best part of internet banking is that creating subsequent accounts in the same bank becomes extremely easy as they already have all the necessary details in their database. If you have multiple accounts in a bank, you can transfer funds between them free of cost through net banking.

Effortless Bill Payments

No matter how much we may want to get rid of the bills, we have to juggle them every month. And there are always too many of those- rent/mortgage, car loan, student loan, utilities, different insurances and so many more really. Most banks provide the facility of linking the bills directly to the account through internet banking so that they get paid automatically on time. With the fast-paced live that we lead today, having to deal with one less thing can be quite relieving.

Online Check Deposits through Mobile

Many banks provide this facility using which you can deposit a check from your home or office simply by uploading the photos of the front and back of the check. You need to download a mobile deposit app from the Play Store or App Store. Make sure you download a credible as you obviously wouldn't want to send the pictures of your check to a illegitimate third-party app.

Real-time Message Alerts

Even though trivial notifications throughout the day can be really irritating, the notifications from banks can save us from a lot of trouble. The bank sends instant notification to the registered mobile number in the case of any failed login attempt or any unauthorized activity. These real-time alerts are very important to prevent any disastrous consequence.

How to get the best of the banking facilities through your app

More and more people are taking up mobile banking and for all the right reasons. Mobile banking apps provide several advantages compared to the conventional banking system. Mobile banking has brought banking to people's fingertips and thus revolutionized the entire system by turning it into a much faster and more convenient process. With the Reserve Bank of India asking banks to rally behind mobile banking, number of people coming into the fold will only increase. Here are a few of the advantages you get from the mobile banking app today:

Total Control of your Funds

Conventional banking needs you to get in touch with your bank every time you need to make any sort of transaction. Be it a simple withdrawal of funds or making a deposit in your account, customers need to take time out of their schedule to get it done at the bank during the designated working hours. But with mobile banking, customers can easily access their funds round the clock. All you need to do is submit your unique login credentials to log into your account. Then you have a better handle on your funds and make transactions as and when you need.

Keep Track

Earlier, a person would be required to physically visit a bank to do something as simple as checking the balance in his/her account. Many a time people had to interrupt their busy schedule and take time out to do something so simple but important. And it is time-consuming, to say the least. But with your mobile app, you can do the same thing with a click within a matter of seconds. The mobile banking app is nothing but the bank that you can access from the comfort of your home or office. You can use the app to directly access your bank account and keep track of all activities. 

Get real-time notifications

The mobile banking app is intended to keep a record of all activities like the funds reaching a certain amount or if a certain percentage of the funds is withdrawn. Because the mobile app is directly connected to the bank account, the customers receive notifications over the internet in such cases. The apps have been designed in a way to provide alerts for certain activities and allows the customers to customize the activities for which they want to get notifications. 

Optimum Security

The banks adapt unquestionable measures to keep your financial and personal details safe and secure. The banks use secure servers to keep all pertinent details confidential. Only someone with your unique customer ID and password can access your bank account. So, as long as you don't reveal your login credentials to anyone else, you are safe. Most banks also cover any e-banking fraud loss of any customer and have systems in place to identify an unauthorized activity

The Convenience of Banking Apps and Why Should You Use It

With the increasing ubiquity of the internet and smart devices, banking customers increasingly prefer to avail mobile banking services through banking apps. Mobile banking apps give you several advantages, over traditional banking institutions. Banking services through banking apps have revolutionized the financial service sector completely.

Here are some benefits you can avail using the mobile banking apps:

Quicker access to your funds: Traditionally, banking procedures would require you to go to the respective bank and stand in long queues to make any transaction, even for something as simple as depositing money in your account or withdrawing funds from your account. However, with the mobile banking apps, you can easily access the funds in your account from anywhere and at any time. You simply need to download the app on your device, log into your account with your unique customer ID and password, and make the require transfer or transaction. This allows you to make quick transactions without having to stand and wait your turn in queues.

Perform simple tasks: Earlier, you would have to visit the bank to perform simple banking tasks like checking your account balance. This was tedious and time-consuming, and although ATM services eased this process greatly, you would still have to go visit the nearby ATM. However, with the mobile net banking app, these tasks can be done within a few seconds. Since the app is used to sign into your bank account directly, you have direct access to see your bank account balance and transaction history right at your fingertips, anytime, anywhere.

Get real-time alerts: The mobile internet banking app is designed to track the activity of the linked bank account. The app also keeps track of certain activities such as when the funds in the account reach a particular value, or when money is withdrawn. Since your account is linked to the app through the internet, you get instant alerts when changes occur in your account. The apps are also customizable, allowing you to select the alerts according to your preference. 

Improved Security: To access your bank account through the mobile internet banking app, you have to sign in to the app with a unique customer ID and a password given to you at the time of opening your account, which you can change later. No other person can access your account. Furthermore, in the unfortunate event that you lose your device, you will still be protected as all personal information in the app is password protected. At the same time, it is secured by other additional identity confirmations including facial recognition, fingerprint, etc. Some apps also offer a feature where you can remotely disable and wipe out all your login details if you lose or misplace your device.

Internet Banking: Banking services at your fingertips

The world has gone digital, and the banking sector in India has rightly followed suit. Internet banking has become an all-inclusive solution to everyday banking needs and has brought the bank to people's fingertips. How many people nowadays have the time to be physically present at a bank during its designated working hours? More than 65% of India's population is under the age of 35 and find it seemingly impossible to interrupt their hectic schedules to be at the bank. Online banking has proved to be a boon for the elderly too who find it very convenient for the obvious reasons. Internet banking provides every transactional and non-transactional banking solution at your doorstep and makes an important aspect of daily life work seamlessly. There are many advantages of internet banking.

Convenience

This is probably the one benefit that outweighs all possible drawbacks of online banking. You get to
make payments and transactions just by clicking a few buttons and without having to step a foot out of your home or office. You can keep a track of all your bank accounts through internet banking in a much more convenient and faster way. Online banking also makes non-transactional provisions like updating accounts, requesting for new chequebooks, enquiring about the rates of interest etc. much easier.

Better Rates

With lesser people physically visiting the banks, lesser number of employees and relatively smaller spaces are required by the banks to manage customers thus making it financially advantageous for them. Then a percentage of the amount saved and accumulated over time can go to the customers in the form of lower rate of interest on a loan or higher rate of interest on a deposit, thus making internet banking not just convenient but also profitable for people. Often banks propose minimum or zero balance accounts for e-banking and lower penalty on premature withdrawal of a fixed deposit.

Services and Security

The Internet has made it so much easier for both the customers and the bank to access so many services such as loan calculators, financial planning and tools for investment analysis, forecasting and functional budgeting. Many banks also offer the provision for online tax sheets. Online banking has become so popular also due to the undisputable security measures implemented by the banks. The secure servers keep all the customers' financial and personal details confidential. Most banks also cover any e-banking fraud loss of any customer and have systems in place to identify an unauthorized activity.

How Mobile Banking Is the New Future for Home Banking

More and more customers are opting to go mobile with the increasing availability of internet services, and for good reasons. Mobile banking apps with ICICI, Axis and HDFC bank offer several advantages over the traditional ‘brick and mortar’ banking institutions. The mobile banking apps have completely changed the traditional banking scenario, making it quicker and more convenient.

Here are some of the benefits you can enjoy through the HDFC mobile banking app today:

Better control over your funds:
Traditional banking process requires you to go to the bank to make any transaction, even for something as simple as depositing or withdrawing money. However, with the mobile banking app of HDFC Bank, you have easier access to your funds. You simply need to log into your account with your unique customer ID and password, and make the necessary transfer or transaction as you need. This allows you to make quick and calculated decisions related to your account anytime, anywhere.

Review simple tasks:
For simple banking tasks, such as checking balances and transactions, you would be required to visit the bank. Not only was this be tedious, but also time-consuming. However, with the mobile net banking app, you can do this within a few seconds, at any time and from anywhere. Since the app can be used to sign into your bank account, you have direct access to view your banking account history, including all the transactions made, as well as the resulting balance.

Security:
In order to access your bank account through the mobile internet banking app, you need to sign in with the unique customer ID that is assigned to you at the time at the time of opening the account. You can also change the ID and password later. As long as you keep your login details private, no other person can access your account. Furthermore, in the case of an unfortunate event where you lose your device, your account will still be protected as your personal information is password protected. At the same time, it is secured by other additional identity confirmations, like fingerprints, facial recognition, etc. Some devices and apps even have features where you remotely disable and wipe out all your login details in such cases.

Get real-time alerts:
The HDFC mobile banking app is designed to track all the activity of your linked bank account. These include activities such as when the funds in the account reach a particular value or if a certain amount of funds have been withdrawn or deposited, etc. Since the app is directly linked to the account through the steady mobile network, you can get instant alerts. In fact, developers have designed the app to provide real-time alerts for selected activities, allowing you to customise the alerts to your preference.