You may face some cash crunches in life that you may have to resolve immediately, and you can’t wait till the time your salaries are credited. During such situations, you may find it embarrassing to borrow some money from your friends and family. Thus, the immediate solution here is opting for an instant loan.
An instant loan facility such as a personal loan can let you borrow as much as up to Rs. 25 lakhs from the leading lenders and at a reasonable rate of interest. You may also get the approval in 5 minutes and money in your bank within 24 hours.
There are many ways you can apply for an instant loan, but the most preferred modes of applying for it is through finance apps. It is majorly because you can manage and control your loan account on your smartphone and avail many services quickly.
Therefore, if you don’t know about reasons for applying for a personal loan via loan app, then this post is tailor-made for you. Learn more as you continue reading.
Why apply for instant loans via a loan app?
- You can pay your loan EMIs instantly- Rather than visiting your lender for paying the loan EMIs, you can open your loan app on your mobile phone and pay it in some taps.
- View and track all types of loan accounts- If you are an active loan customer or had some closed loan accounts, you can view their details right on finance apps. Additionally, you can also use loan apps to download the loan statements for reference purposes on your smartphone.
- You can prepay a loan account and even foreclose it- Would you like to make some prepayments towards the loan account or foreclose it before the end of its tenor? That’s possible via a loan app of your lender these days. It is good to make prepayments to reduce the loan burden and start paying smaller EMIs. All reputed finance institutes don’t levy charges for letting you avail of these services.
- You can grab your pre-approved loan offers today- The usage of the online loan app can also help you seize all pre-approved loan deals created by your lender especially for you. The purpose of all such deals is to simplify the overall loan formalities to help a borrower get loan approvals super quick.
- You can raise a request for varied grievances- If you are facing any issues in using the loan app or even the availed loans, then you can contact the lender by raising a request. Such logs can help you get quick resolutions. Also, tracking the status of such logs and earlier ones is also possible on a loan app.
- Even the rating of the app is also possible– Based on your liking or disliking of finance apps, you can rate them without any issues. Such feedbacks are also taken as a cue by a lender to improve performance and user experience of its loan apps in India in the future.
Some of the key reasons to apply for an instant loan and managing it without issues via finance apps are enlisted. You can apply for a lender’s loan facility only when the discussed elements of a loan app are also offered.
A known leading lender such as the Bajaj Finserv provides pre-approved offers on personal loans, home loans, business loans and more. It is to simplify the loan processes and help you avail the loan approval swiftly.
All that you have to do is share your basic credentials such as your name and mobile number to uncover your pre-approved loan deals today.