How can payment apps help you pay your bill online?

With the advancement in the world of technology today, paying bills online is just a natural thing to do. Paying bills online has come as a boon in our hectic lives as having to remember the due date of each one from a plethora of bills can be difficult and confusing. Gone are the days when we had to worry about taking a trip to the different corners of the city, only to wait in a queue for hours to pay the various bills. With the help of simple and easy-to-use apps, anybody and everybody can easily pay their bills within a few minutes. Paying bills online does not need your whole and sole focus as online bill payment can be done easily, while focusing on other important tasks in hand.

Advantages of paying Bill Online
Paying bills online is an extremely simple and convenient thing to do. You don’t have to worry about a thing. All you need to do is download the said utility bill payment app and pay your bills online,at  anytime and from anywhere.

• Online Bill payment helps you in saving a lot of your precious time. In this fast moving and extremely busy world, there is no time for you to waste. This is where bill payment apps can help you out. Taking out extra time from your hectic schedule is neither possible nor needed as bill payment apps help you pay all your utility bills instantly with a single click on your mobile phone.

• With the help of payment apps, you can not just save your time and energy, but also your money. Remembering to pay the bills on the last day of the month is also not a problem because of how quick the process is. With no reason for late bill payment, the need to pay fines also reduces significantly

• Online Bill payment is highly secure and keeps everything organized. With all the transactions easily recorded, bill payment apps help you track the amount paid with every bill. From water bills to electricity bills, you cannot find this facility of easy payment anywhere else.

• Individuals can make immediate payments via these simple to use bill payment apps. Often you tend to forget about paying your bills until your supply is abruptly stopped. With the help of bill payment apps, you can now set a reminder which will help you clear your bills with a lot of time in hand.
 
So, without wasting any more time, switch to this hassle-free mode of payment for your own convenience.

Are you aware of these education loan benefits?

With the increase in the cost of education each year, funding higher studies have become a matter of concern for parents and aspiring youth. Having big dreams but not having enough financial support has been troubling the youth of the country for quite some time now. This is where education loan comes into the picture and saves bright students from compromising on their desires due to shortage of funds.

Education loan in India helps you in not just funding the course of your choice, but also covers the cost of your entire education. From expenses of travelling to a new country for further studies to the cost of the essentials needed, everything is covered by such a loan. So, in order to find out more about the benefits of getting an education loan keep reading below.

The numerous benefits of getting an education loan
One of the major advantages of getting an education loan is that you will not be expected to pay the amount instantly after completing your course.

Education loan gives you enough time to accumulate the amount and then repay. You can easily find a job first, make a substantial savings and then start paying back the amount.

Individuals who claim the loan have an added advantage of claiming deduction on the entire interest amount of the loan. However, this can only be done when the person who is claiming the loan is repaying the amount under section 80E of the Income Tax Act. In order to avail the tax benefits, individuals have to fulfill certain conditions which are:

• The loan either needs to be taken from a scheduled commercial bank or the two gazette financial institutions. Taking an education loan from any other institution will not allow you to get the tax deduction.

• Secondly, the loan can only be taken to fund higher education, which is after passing your senior secondary examination.

One of the most attractive features of an education loan is the low interest rate it offers. In comparison to any other loan, education loan has low interest rates as public banks all over the world subsidy it. This is primarily done to improve the standard of higher studies all over the world.

Education loan has great repayment options as well. Individuals taking the loan can return the amount after securing a job. The burden on both parents and students are thereby reduced, making it easier to pay the amount over a long period of time, conveniently.

3 Reasons why you should apply for a gold loan through an app

Applying for a loan can be a tricky business, especially when it comes to a loan for something as precious as gold. Gold loans however, are one of the best loans you can take in times of emergencies. From absolute transparency with the policy to flexibility in returns, gold loan is easily the best type of loan there is.

One of the best ways to get a gold loan is via the online facility. With the help of numerous gold loan apps, people all over the country have been able to get instant approval on their loans. By ditching the traditional and not-so-convenient method of applying via a bank, individuals who need gold loans have benefited immensely. If you too are considering this method, keep reading to find out the advantages of a gold loan app.

Advantages of Applying for a Gold Loan through an App

There is more than one reason why you can and should apply for a gold loan via an app

• Convenience: With your understandably busy schedule throughout the week, visiting a bank and applying for a gold loan can be a dreadful task. No one has the time to stand in a queue for hours, waiting for their turn to come. Gold loan app comes in handy for anyone who wants to find easy and convenient ways of applying for the loan. Applying for a gold loan online therefore is the best alternative to visiting a bank for the same.

• Low interest rates: Applying for a gold loan online helps you get the lowest interest rate possible. Gold loan is one of the safest options for people who urgently need money and have their gold jewelry sitting idle in the lockers. Due to its easy availability and easier liquidity facility, gold loans have attractively low interest rates as well

• Comparison of options: Applying for a gold loan online has an added benefit of comparison between different options. Every bank has its interest rates and other policies mentioned in their app. This helps potential loan seekers to compare between different banks and make the right call. Gold loan emi calculators can also help you find out about the EMI to be paid, instantly.

Gold loan apps are therefore the best way to apply for a loan. Easy access to all the information and instant approval of your application are a few other added benefits of this facility. So, if you are in the need of funds on an emergency basis, a gold loan can turn out to be your saviour and with gold loan apps, you can avail the benefits at ease.

Did you know that payment apps make for the ideal payment solution?

The internet has revolutionized our everyday life in every possible way. With its evolution and wide spread use, our lives and future have become digital. You use your phone and computer for more than just calling people and answering e-mails. Being “online” is more than just staying connected to our friends and family. It is a way of getting things done quicker and more conveniently to keep up with the fast pace of modern day life. It doesn’t make sense to stand in a queue for hours to pay your bills when you can quite simply do it on your way to work. You can pay for your parents' medical bills and household expenses with a simple online transfer of funds. Online payment solutions aren’t hindered by geography. You could be anywhere and still make sure that your bills are paid on time.

Here are a few reasons why mobile apps are the perfect payment solution for you-

1. Quick and Easy-
The most valuable commodity nowadays is time. Making payments from mobile apps saves you a lot of time. With just a few quick and easy steps you can pay your bills without having even left the comfort of your home. Most mobile payment solution apps offer multiple options for credit and debit card users. Both time and cost efficient, it is an extremely useful tool at your disposal.

2. Secure-
If you were to lose your cash, you will more than likely never get it back. But if there is any kind of discrepancy in your online transaction and you report it, you will be reimbursed for the same in full. Mobile payment apps come with their own security measures like PINs (Personal Identification Number) and Usercodes. Your transactions will be both secure and free of any kind of human error.

3. Organized-
One of the biggest advantages of online payment solutions is that it organizes and records your expenses. You no longer need to worry about keeping the receipts for the payments you make. Since you will be transfering funds directly and through an electronic medium, you will be paying the exact amount. There will be room for error in your calculations or in the deductions from your account. With e-mail and SMS notifications, you will be able to keep an easily accessible record of your finances.

Whether it be receiving or sending money to a family member, or paying your utility bills or ordering a meal, mobile payment apps are ideal for any kind of transaction.

Bill payments are now made easy through the bill payment app

Bill payment is a crucial part of maintaining your finances, even though it can sometimes feel like a chore. This is why banks have devised convenient and simple ways of helping you settle your bills conveniently.

Internet banking is one such brainchild of the banking industry that has revolutionised how payments are made. Here the internet acts as the interface between you and the payee, making the whole process convenient and instant. The number of online bill payments is rising staedily, corroborating the fact that internet banking is gaining popularity, especially in light of demonetization and the government pushing for cashless transactions.
Here is a look at some of the important advantages that internet banking offers when it comes to bill payments and clearance.

1. Simple, safe and fast payments
In case of a manual bill payment, you would first need to sign the check for the bill in question and then wait for it to get processed or you will have to pay using cash. With an app, you are able to transact instantaneously and from the comforts of your own home. Moreover, since the transactions are encrypted, you are protected against hackers and other allied threats.

2. Using credit cards for payment
Generally, people use cash for making bill payments. However, if you want to, you can use your credit card to make the same payment through the app. This can be very helpful, in case you are short on funds and the due date has arrived. Moreover, credit card transactions are usually safer and a more secure mode of payment.

3. Turning to digital from cash payment
It is always better to reduce cash transactions and the usage of bill payment apps can help you limit cash exchange. Printing physical currency is an intensive process that uses up a lot of the country’s capital. Moreover, you will also end up saving paper when you control cash transactions, which can greatly help the environment.

4. Keeping track of bills is easy
When you try to keep track of bills, it may be difficult. However, using the online method can simplify this process of tracking the paid and unpaid bills. Some of the apps offer the opportunity to set alerts and notifications, which will help you know if a bill is due. Moreover, in case of a bill where the amount remains same every year, you can automate the bill payment procedure completely.

5. Attractive discounts
Sometimes, certain companies will offer attractive discounts on the bill amount when you decide to pay them through apps.

Why is it essential that you calculate your car loan interest through the app before applying for it?

Need help to buy your dream car? Need to apply for a car loan to pay for it? Well, there are certain things you need to consider and calculate before you apply for one. For starters you need to calculate the EMI that you would need to pay for your loan. Also, you would have to be aware of the rate of interest that would be applicable on the loan for the fixed amount of time. Both banks and NBFCs (Non-Banking Financial Companies) have online apps that include features like car loan EMI calculator and interest calculator.

How does the app work?
The foremost banks in the country have mobile apps for loans. These online apps come with various features. One of those is a car loan EMI calculator which allows the customer to calculate the expected EMI for different loan options. By computing the time required to repay the loan, it calculates the amount that one must pay as EMI along with the interest that the loan will incur. The app employs a simple mathematical formula with a few variables that you would have to input. It will then give you the result estimating your EMI.

Factors that affect a car loan EMI
There are a few factors that influence your EMI calculation. When computing the same on the app you will be required to furnish the requisite details that include the details such as name and age of the applicant, the expected tenure of the loan, the car loan scheme you are interested in.

Benefits
The following are some of the major benefits of a car loan EMI calculator.

1. Time-efficient
Calculating the EMI on your car loan on an app on your phone is both quick and easy. It saves a lot of time from having to manually estimate EMIs for different loan plans. Just by inputting the variables for time and interest differently, you can calculate which EMI plan suits you best.

2. Convenient and hassle-free
An online car loan EMI calculator lets you make your necessary calculations from the comfort of your home. The app makes the whole process extremely hassle-free and convenient.

Interest Charges
The rate of interest that is prevalent in the market is the factor that determines the sum total of the amount of interest you will have to pay for your car loan, which again is dependent on the tenure of your loan. The longer the tenure of your car loan, more the cumulative interest you will have to pay.

Applying for a car loan through an app is easier and quicker. Moreover with the added features of the EMI calculator and an interest calculator, it lets you make an informed decision.

What can the online bill payment app offer you?

With the advent and evolution of the internet, our day to day lives have changed dramatically.  Everything in life, whether it be meeting people or buying groceries is being done online nowadays. Why would one go to a service center and stand in queue for hours to pay their utility bills when the same can be done from the comfort of one’s home with absolutely no hassle? You can use your cellphone to pay bills online for your electricity, LPG, water and other utility bills. You could also pay your taxes online. Personal transactions between friends and family have also been enhanced by payment apps.

The following are some of the most advantageous features of a payment app.

1. Time-efficient
One of the biggest advantages of online bill payment is that it saves a lot of time. You can pay your bills with just a few easy and quick steps and without even an ounce of hassle. Payment apps on mobile phones offer the scope of linking multiple credit and debit cards so that you do not have to enter the card details before each and every transaction. Both cost and time efficient, it makes transactions easier.

2. Saves Paper
Online bill payment has made the necessity to maintain copies of payments obsolete. Payment apps have dramatically reduced the use of paper bills since the records are maintained over e-mails and SMS notifications and these records are easily accessible with the snap of a finger.

3. Security
The encryption mechanisms that are employed by online payment apps are extremely secure. To hack into one of these payment gateways is virtually impossible. You can’t ever get stolen cash back, but you can report any discrepancy in your transactions and get the amount thereof reimbursed.

4. Organized
If you pay bills online, you need not worry about the last minute deadlines. You can pay them on the last day and also since you will be receiving your bills over e-mails with the associated link, you need not worry about maintaining receipts. You can track your expenses and keep a record that is both accurate and easy to understand.

5. Small Gains
Online bill payment reduces the chances of penalty charges because you can make yours even at the last moment. Also since you would only be paying an exact amount, you need not worry about having loose change or getting it back.

From sending or requesting money from a friend, to recharges, to paying utility and other bills, online bill payment apps make money transfers easy and fast.