Availing an instant personal loan in India has become super easy! Not only you can apply for an instant loan online but even do that via a loan app in India.
With the advent of technology, even finance institutes such as banks, non-banking finance companies (NBFCs), and other lenders have upgraded themselves. As a result, you can now simply download an online loan app and apply for a loan.
An online loan app in India works best for salaried employees, especially those who are always on the move.
With the help of a loan app, they can easily apply for a loan and check the details of the active loan; make payment and avail more services on the go.
However, just like when you consider many aspects before applying for a personal loan, you also need to keep in mind some tips before selecting a loan app.
It is because not all lenders can offer the best of services on a loan app.
When you are unable to receive some useful financial services on a loan App, then you have to visit your lender or call customer care. But, that can kill your precious time that you would have invested in other tasks.
In the same context, we are here to provide some tips that will help you go for the best loan apps. Read on and explore more!
1.) Your online loan app should let you track loan details- The foremost thing that is expected out of a loan app is letting a borrower know the status or progress of an active loan. Hence, while opting for a loan app, look if it’s doing its prime job or not.
2.) It should let you make online payments- The next thing that you should look in an online app is checking if it is letting you make EMI payments towards an active loan or not. A loan app is of no use if it does not let the borrowers make the EMI payments on the go.
3.) Are you able to avail some pre-approved loan offers?- Lenders keep offering some exclusive pre-approved loan offers to existing customers. This way, you may get some special deals on financial products which may ease off the loan application process as well. Hence, you should try to know if your lender offers such pre-approved loan deals over the loan app or not.
4.) What about logging a complaint?- An online loan app is something that should also let its users raise a request and track its status. If an online loan app is unable to do that, it won’t serve the purpose. Raising a request for multiple concerns not only helps you get your queries resolved, but it also helps a lender in improving the overall user experience of the app.
Using an online loan app in India such as the Bajaj Finserv App is one of the best ways to stay updated on your active loan account, pay EMIs and enjoy more perks.
As a result, the discussed tips should surely help you pick the best loan apps in India. Therefore, before applying for an instant loan or any other loan, ensure to check the lender’s loan app features.
Nowadays, leading online creditors such as Bajaj Finserv App also offer pre-approved loan deals on personal loans, home loans, business loans, EMI finance and more.
Such deals can help you minimize the loan formalities by making it hassle-free and less time-consuming for prospective borrowers.