Why is it crucial that you calculate your loan eligibility?

First and foremost loans are a stipulated amount of money that a person borrows from the bank and has to pay back within a fixed period of time with additional interest levied on the principal amount every month. Before you begin your loan application procedure, there are certain criteria’s that you need to tick off on that loan application list.

There are various kinds of loans in the market which is tailored to serve your different needs. After you have figured out which one you need you need to carry out an in-depth research of the banks and their loan offers. You need to check for the best interest rates that are being given out by the bank, the extent of the flexibility of the bank when it comes to the repayment tenure. In this second step, you must pass certain criteria’s with the help of a loan eligibility calculator app on your smartphone in order to be able to shortlist on the bank. The loan eligibility criteria include your monthly income; whether it is a steady one, your monthly expenditure, the borrower’s repaying capability, and the time the borrower will take in order to pay off the debt. Other two very important factors that the borrower needs to take into account at the time of the loan eligibility consideration is their credit history and the penalty charges that will be imposed by the bank should the borrower fail to repay the loan on time. Every bank has a different loan penalty charge which is usually on the higher side for all loans and banks. When using a loan eligibility calculator, try to look into the lowest penalty charge that is imposed by a bank.

A loan eligibility calculator is therefore very important when you are thinking about applying for a loan. This calculator helps you to quickly and easily check loan eligibility. It gives extremely accurate results, and you can easily compare the loan option between two lenders. When comparing, as mentioned look for the total loan deal, the interest rates and the tenure. Additionally do not forget to keep an eye out for the processing fees, the penalty charges and advantages if any at all. The benefits of using a loan eligibility calculator online is many; it saves time, it saves you the hassle of running to different banks in order to find out about loan application criteria’s and saves you from the headache of manual calculations or keeping track of the amount that needs to be paid off.

Before you set out on your hunt for the perfect loan, download the app for a loan eligibility calculator and enjoy hassle-free and stress-free loan application.

Get quick loan rates with the loan emi calculator

Mobile phones have long progressed from being a small electronic object simply used for communication to being a device which is a pathway to the entire world.  Nowadays there are applications not only for games but also for online shopping, calling taxis, booking hotels, airlines, etc. So with the multitude of applications already out there for usage why should banks stay behind in the race?
Banks all over the country are coming out with their own personalized applications in order to make your banking experience better.

Are you looking for a loan emi calculator? Then download the app today and make the process of figuring out your equated monthly instalment payments that much easier.

Equated monthly instalments or EMI for short is basically the amount that the person who has borrowed the money has to repay every month along with the added interest. Imagine how simpler it would be if you had an emi loan calculator that would keep track of the amount still remaining. This would not only keep account of the amount already paid and the amount yet to be repaid but also help to maintain your monthly budget so that your finances does not go haywire. The loan emi calculator app does exactly that.

With the help of an emi loan calculator application find the best loan emi rates. Select the one most fitting for you and also figure out in the meanwhile if you at all have the capacity to repay the Equated monthly instalment and how long it will take for you to do it. The emi loan calculator banking app also saves you from the headache of going into difficult and tiresome calculations involving figures. Just one tap of your finger or the press of your mobile phone button is all that it takes.

Using an emi loan calculator is a very easy affair; all you have to do is just enter the details of your monthly loan amount, interest rates and the time period for repayment as specified by your concerned bank.

Once you enter the world of smartphones, you will experience a world of technology that you have never before experienced before. On downloading your mobile banking app, you will be provided with a unique ID code by your concerned bank with your personal and bank account details. The unique ID code restricts the possibility of the application usage by any other third party. So, only you and your registered smartphone device have access to your bank account and its details. Download your mobile banking app today and enjoy the benefits that come with it.

All you need to know about online loans

Our country is conveniently situated right in the middle of a digital revolution where everything is becoming digitized starting from shopping to communication to restaurant bookings to even grocery shopping. Banking is a very important part of our lives and is something that concerns everyone. For some people visiting the bank everyday is a part of their routine. However, visiting the bank physically everyday can be a very inconvenient affair. That is where the benefit of online banking comes into the picture in the form of net banking and mobile banking.

Aside from the dreary and routine cash withdrawal and credits and debits, applying for a loan is another very important form of banking. So when you are applying for online loans there are a few things that you should be aware about.

To begin with online loans offer you instant loans and are of the quickest and easiest ways to apply for one. It does not involve any running around back and forth from the bank to your home, trying to get all the documents sorted. It involves zero paperwork and is therefore, very environmental friendly in addition. All you need to do is download the banking app on your smartphone, switch on the app when you wish to carry out your banking and you are on your way to one of the easiest loan applications.

When you try your hand at online loans you can access and view the loan summary till date which is inclusive of your unique loan account ID, the principal amount, the loan product and the tenure by which time the loan needs to be paid off. When you apply for instant loans online you will be greeted with a welcome after which you can take out a provisional statement of the interest, any changes in the rate of interest, you can also ask questions in case of any doubt or confusion, you can update your identification details such as PAN card or Aadhar card or passport, phone number or residential address changes. 

You can also get hold of the final interest certificates of the past two years and also a No Objection Certificate (NOC) dispatch details for the loans that are closed. If you are looking for easy, convenient, hassle-free and quick loans then applying for online loans through mobile banking is the best possible option for you. Not to mention that this online process is completely transparent and some banks also provide irresistible offers to first time loan applicants.

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