5 Types of Loans That Can be Taken Via an App

5 Types of Loans That Can be Taken Via an App

An instant loan app is easy, innovative and powered by the latest technology. It helps you perform multiple tasks like applying for a loan, paying EMIs and monitoring the loan account. Download the app from Google Play Store or the App Store. Fill in the basic details and upload the documents online. Using an app has multiple benefits:

  • Saves ample time which can be utilized elsewhere
  • Simple interface helps in quick loan application
  • You can manage multiple loans under one roof
  • Stay updated with the latest deals and offers of the bank

Customers can opt for many types of loans on the instant personal loan app. It allows everything, from application to disbursal, and is a 100% digitized process. This eliminates paperwork and cuts the hassle of visiting the bank branch. Take a look at what all products are available for an informed borrowing experience.

1.     Personal Instant Loan

You can get a ‘flexi loan’ for diverse needs like debt repayment, medical emergencies or funding a dream vacation. Apply for as low as ₹20,000 up to ₹40 lakhs. The best bank will offer flexibility to make up to 40%-part payments. No collateral or security is required. Enjoy incredible benefits like loan transfers and top-ups and affordable fees. Pick a tenure from 6 months to 60 months as per your repayment capacity.

2.     Two-Wheeler Loan

Buying a bike or scooter of your choice is made easy with this loan. Borrow from ₹7,000 up to ₹20 lakhs and pay via an Easy-Buy EMI card. Customers can clear the instalments through the online personal loan app too within 6 months up to 48 months. Apply for removal of hypothecation on the vehicle once the debt is paid in full. It is necessary to gain complete ownership of your two-wheeler. The loan approval is instant and the sales officer will get in touch with you for further processing, if needed.

3.     Home Loan

Buying a home is now easier than ever with the best personal loan app. Choose from a wide selection of properties and enjoy quick loan processing and low EMI option. The funds are available from ₹1 lakh up to ₹10 crores. Pick a tenure between 12 months and 360 months with simple documentation and easy eligibility. You have to undergo a verification process to cross-check the details followed by a short personal discussion. Customers can enjoy faster TAT and ample tax benefits on their home loan.

4.     Loan Against Property

The top Indian bank offers up to 70% of the property value. It funds all kinds of residential and commercial buildings, industrial plots and godowns. Apply for any amount between ₹10lakhs and ₹7crores depending on the selected program. This is a great funding solution for educational institutes, hospitals and restaurants. Enjoy superior customer experience with smooth processes and easy documentation. Loan transfer and top-up facilities are also available for added convenience.

5.     Pre-Owned Car Loan

Buy premium pre-loved cars with a loan available from ₹1 lakh to ₹12 lakhs. The loan is approved within 30 minutes. You can pick a loan tenure within 11 months to 7 years on the repurchase loan. Instant online approval, car valuation and verification waiver for eligible customers. Use an EMI calculator to figure out your monthly instalments.

All loans are available for both salaried and self-employed individuals. Make the most of the in-built quick assistance feature on the personal instant loan app for hassle-free procedures.

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