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Best Loan App

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Get Fast cash loans with Early Salary, a quick, easy and convenient personal loan app. – PowerPoint PPT presentation

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Title: Best Loan App


1
Early Salary App
  • Instant Cash loans Immediate Cash
    Loans In India

2
A few good reasons to make use of instant loan
apps in India
3
  • A few good reasons to make use of instant loan
    apps in India
  • There is a tremendous increase in the amount for
    the cost of living in India. Even the prices of
    the basic products required in everyday life have
    become more expensive than they were ever in the
    past. Therefore, the middle-class population of
    the country is bearing the burden of these
    increasing prices. Thus, many a time, people are
    unable to meet and achieve, even the most basic
    needs such as shelter and education.
  • However, we still strive hard to prosper and
    procure the things which are otherwise quite
    difficult to achieve. Financial lenders in India
    have started the quick cash app in order to cater
    to the needs of the people. The interest rates on
    the principal amount provided by these apps are
    much lower when compared with the interest rates
    given out by the traditional financiers.
  • The best feature of these apps is the fact that
    the quick cash that you procure is in the form of
    personal loans. Thus, you can use this cash in
    order to buy anything and everything that you
    want to buy, anything apart from illegal. Also,
    as these loans are a form of personal loans,
    therefore, you dont have to submit any form of
    collateral in order to obtain them.

4
  • The various advantages of opting for these loan
    apps are as follows
  • The services of these apps are operational 24/7
    and you can make use of these loans whenever and
    wherever they want. Thus, you save yourself from
    the embarrassment of asking for money in front of
    your friends and loved ones as these loans are
    online. The another added advantage of these
    instant loan is that they help you save a lot of
    time as you dont have to visit banks and NBFCs
    (non-banking financial companies). You can make
    use of this saved time in order to perform other
    relevant and productive activities. Also, you
    dont have to manage your priorities in
    accordance with the banks.
  • The information that you input to obtain a loan
    is safe as the transaction is done online. Thus,
    you dont have to worry about your information
    being leaked and used by someone else. The quick
    sanctioning of loans and online management of
    account has made these apps the best choice for
    the people. There are a number of loan apps which
    make use of latest technological algorithms and
    give out calculated results based on your
    previous transactions, thus, you can make use of
    these feature in order to manage your capital.
  • The best feature of these apps is the fact that
    the quick cash that you procure is in the form of
    personal loans. Thus, you can use this cash in
    order to buy anything and everything that you
    want to buy, anything apart from illegal. Also,
    as these loans are a form of personal loans,
    therefore, you dont have to submit any form of
    collateral in order to obtain them.

5
To give quick access to money and decrease the
risk, lenders decide loan eligibility on the
basis of borrower's income source and risk
appetite. When a borrower submits an application
for a personal loan other than income source
there are other parameters which lenders will
determine for you to get personal loans. Age -
The younger you are higher would be your chances
to get a personal loan. Lenders believe you can
easily earn in coming years and repay your loan.
Generally, for most banks or finance companies,
the age bar would be somewhere around 21 to 60
years for a salaried person. And for
self-employed, it would be around 25 to 60 years
6
Employment status - For salaried or employed
individuals to avail a personal loan they have to
be working for more than 2 years in the current
profession and if its a self-employed person
they need to run a business and have 5 years of
total earnings. This criterion depends on the
current company and annual CTC of the borrowers.
If the company is top-notch and assured position
then interest rates and duration would be
negotiable. Existing Debt - Your current debt
should not stand around more than 40 of your
gross monthly take-home salary. CIBIL or Credit
Score above 750 is always considered good to
avail quick cash loan. It helps to negotiate for
rates with the lenders. Your credit score will
reflect your financial history, borrowing, and
repayment capacity. Whether you clear your dues
on time or not? A low score would mean you
default in payments and a bad financial history.
Conduct a thorough research online, understand
the cost and benefits involved and carefully
choose your personal loan now!
7
To learn more about
  • Emi Without Credit Card or Instant Personal Loan

8
Thank You
  • Early Salary
  • https//play.google.com/store/apps/details?idcom.
    earlysalary.android
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