What is the easiest way to get a loan approved?
Last updated: Feb 17, 2022, 10:59 AM ISTWhen a loan is considered as an option to fill in the financial gap, borrowers seek for easiest sources from where personal loans can be acquired easily. Juggling with a busy schedule, if you have to shed some time to visit the lender’s office and apply for a loan, along with a file of physical documents, fill up the loan application form, answer the lender’s basic questions, negotiate on interest rates and adjusting the repayment tenure, phew! Isn’t the physical loan procedure tiring?
So, what is the easiest way to get the loan approved in less time?
Since the online market flourished with innumerable products, financial institutions and NBFCs in India took charge to launch innovative instant loan apps for personal loan approval. You may check a variety of loan apps on the Google Play Store helping with instant cash needs at a different rate of interest. If you find websites to be more user-friendly, visit a personal loan website and get your personal loan approved in no time. Hence, you may switch on to the virtual world mode and check for a suitable personal loan app online to acquire a loan in the easiest possible way.
What makes a loan app the easiest source for quick loan approval?
There are some critical features that make personal loan apps the best choice for quick money:
Zero Collateral:Small cash loans or instant loans demand no collateral or guarantor against the loan amount. Instead, borrower’s creditworthiness and income stability form a yardstick for instant loan approval.
Paperless Documentation:Being a digital platform, there is no scope for submitting physical documents. Aadhar card and PAN card details are submitted for E-KYC verification on instant cash loan apps.
Real-Time Verification:Once the mandatory details are submitted in the loan app, it takes a few seconds to show the loan approval status. The real-time verification mechanism enables instant loan approval in no time.
Direct Disbursal:With instant loan apps, generally the disbursal time taken is not more than a business day. Once the loan is approved, the amount is directly disbursed in the borrower’s registered bank account.
With all these easy features intact, isn’t the level of convenience high with personal loan apps! One of the many personal loan apps reigning is SimplyCash by Hero FinCorp. Borrowers can avail of a personal loan between Rs.50,000 to 1.5 lakhs via the SimplyCash quick cash app.
Apply for an instant loan online for personal purposes such as weddings, medical emergency, home renovation, or travelling abroad. Download the SimplyCash loan app from Google Play Store and follow a few simple steps to complete the loan application process:
- Install SimplyCash instant personal loan app on your android phone through the Google Play store
- Register using your email id and mobile number. This step is secured with a one-time OTP for validating the details.
- Next, use the instant cash loan calculator to know the EMI amount
- Check the loan pre-requisites – Aadhar Card, a Mobile number linked to Aadhaar, PAN Card, and Bank account in any of the listed banks. Check the list of all the supported banks on the app or our homepage.
- On approval, the loan amount gets directly transferred to the borrower’s bank account.
Go the smart way to apply for an instant personal loan online, the easiest way to get a personal loan for miscellaneous financial purposes.