What is the impact of online personal loans on the entire financial industry?

1
What is the impact of online personal loans on
the entire financial industry?
2
Factors that popularised personal loans in India

• The first reason is the continuous shifting of
  the paper economy on digital platforms.
• Another is Covid-19 restrictions, forcing people
  to switch to digital modes of transactions.
• The last is smartphone and internet penetration
  in rural and underserved banking locations.

3
How online personal loans are changing the
financial industry?
4
Simplified application
01
02

• You only need to share basic information to
  complete the application process.

• You can apply for this loan with a few clicks.

5
Customised product

• There are different loan products for your
  different needs.

6
Quick approval

• The time it takes for loan approval ranges from
  20 seconds to 5 minutes.

7
Tracking

• You can track your EMIs, outstanding balance, and
  status of the fresh loan application.

8
Contactless process

• You can complete the entire application process
  from your home.

9
Online personal loan advantages

• Mercury

• Neptune

• You can easily compare different lenders.

• You can apply from anywhere at any time.

10
Hero Fincorp

• Online personal loans are simple to apply for and
  offer several benefits over traditional loans.

11
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Would Love to hear from you
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
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