The banking and financial sector has witnessed a significant transformation in recent years. As a result of digitization, there has been significant growth in the number of online lenders in the country. The process of availing loans with an online lender is far more convenient as compared to traditional banks. Applicants can apply for online loans and get the required amount in their bank account within a short span of time. Since the entire process is online, it saves a lot of time and hence it is a great way to meet instant fund requirements. Moreover, what further adds to the convenience is the introduction of mobile apps for availing loans. With the help of a mobile loan app, you can avail credit quickly and easily by using your smartphone.
Availing loans through mobile apps
Mobile loan apps can be downloaded from the Google Play store for Android phones and the App Store for iOS devices. Apart from applying for a loan, these mobile apps also come in handy to track loan status, raise a service request, make EMI payments, etc. However, it is to be noted that the features may vary from one app to another.
Once you download a mobile loan application, you will have to create an account to begin your application process. To complete the loan application, you’ll have to specify the loan amount and provide all the required information. It is essential that you make a note of the interest rates, prepayment penalty, and other terms and conditions before applying for the loan. This will help you avoid any inconvenience in the later stage.
You must also make sure that you a good credit score. This will help you avail a loan at a comparatively lower interest rate. Moreover, you will be eligible for a higher loan amount if you have a good credit score. You can improve your credit score by clearing all outstanding dues and utilizing your credit cards wisely.
Loans available at Finserv MARKETS app
- The Finserv MARKETS app is a one-stop-destination for all your financial needs. You can apply for Bajaj Finance loans available at the Finserv MARKETS app in a hassle-free manner. In addition to that, you can also customize your loan according to your requirements.
- Minimal and paperless documentation, instant approval and quick disbursal of the loan amount are some of the added advantages of availing a loan with the help of the Finserv MARKETS app.
- Apart from loans, you can also purchase insurance, make Investments and shop at No Cost EMI from a wide range of lifestyle products with the help of the Finserv MARKETS App.
- The app is easy to use and offers great customer service. A chatbot named YARA will help you with all your payment and account related queries.
- You can access your loan application, track your purchase history and make timely EMI payments in an effortless way by using the Finserv MARKETS app.
- The transactions made on the Finserv MARKETS app are completely secure as it works with the Unified Payments Interface (UPI) platform developed by the National Payments Corporation of India (NPCI).
Knowing the nuances of the mobile loan app will help you make its optimum use while availing any kind of credit product. Lastly, make sure that you read the terms and conditions of the loan agreement carefully before availing it.