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Looking For A Personal Loan? Download The Loan App Now

By Author: Neha Sharma
Total Articles: 1043

Conventionally, to get a personal loan, one would put on their best clothes and head down to their local bank in order to apply for the loan. Fortunately, now a customer does not have to, as he can do the same at home as long as he has a working internet connection.

In fact, the entire process of taking personal loans has become much easier than before, thanks to the development of the mobile loan app. Once you download the app on your smartphone, you can get a personal loan without anybody finding out.
How the loan app can help you get a personal loan?
Say one wants an HDFC personal loan. Now instead of going to their nearest bank branch, they can simply download the loan app and get their loan from the comfort of their home. Here’s how this app helps customers-

1. Allows customers to browse through different plans
Before you plan to take a personal loan, it is best to browse through the different plans offered by the bank so you can figure out the personal interest loan rates that work best for you. With the help of the app, you can make an instant comparison and choose the perfect plan.

2. Helps customers calculate the EMI
Most loan apps come with a personal loan EMI calculator so you can calculate your monthly EMI amount, which can consequently help you manage your finances in a better manner. Once you know exactly how much you have to pay each month, you will be able to plan expenses much more efficiently.

3. Offer instant loans in emergencies
One of the biggest benefits one can get when they apply for personal loan via the app is that they can get a loan instantly. This makes it the perfect option in case of emergencies as one does not have to go through the lengthy process of loan application in a bank and waste their precious time. With the app, one can get their loan amount in as less as an hour since the time of application.

4. Low interest rates
Not only are the personal loan eligibility rules slightly more relaxed on the app but even the interest rates are comparatively lower than offline loans. The app will specify the exact and fixed interest rate which you have to pay so you know from beforehand what you’re getting into.

A customer also enjoys round the clock support when he applies for a loan via the app. It is quite time-saving, hassle-free and convenient as well; so one should consider it as a viable option.


Author Bio:-Neha Sharma is an aspiring student in the field of finance. She also spends his free time reviewing the latest apps introduced into the market. To know how to get HDFC personal loan, you should read his work.

Total Views: 35Word Count: 473See All articles From Author

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