Why are Instant Loans better suited for young millennials over conventional personal loans? - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Why are Instant Loans better suited for young millennials over conventional personal loans?

Description:

Looking for instant personal loan? Get Instant loans up to Rs 2 lakhs from EarlySalary. Quick approvals in 3-4 mins and instant. No Paperwork. Apply for instant loans online! – PowerPoint PPT presentation

Number of Views:5
Date added: 19 April 2019
Slides: 15
Provided by: alimaye298
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Why are Instant Loans better suited for young millennials over conventional personal loans?


1
Why are Instant Loans better suited for young
millennials over conventional personal loans?
2
Unlike our older generation that saved penny by
penny and sacrificed current consumption to
increase future savings, millennials are dreaming
and fulfilling their dreams sooner, in the here
and now. Their dreams are bigger, and they cannot
wait for too long. Whether it is capital
injections to catalyse business ideas or cash for
sudden expenses, instant cash loans have become
the most preferred borrowing option.   Instant
cash loans and personal loans have plenty of
similarities and differences both. But there are
some key parameters that make new-age instant
loan the preferred choice for millenials.
3
Heres our pick of the top 5   The
Fundamentals Instant cash loans are a favourable
borrowing option to meet short-term needs and
smaller expenses, whereas personal loans have a
greater lending limit and subsequently higher
interest rate. The younger generation has dreams
but they also have the means to fulfil them.
Although these means may not be available at the
drop of a hat. Hence, an instant cash loan serves
as a much needed temporary bridge in those dire
times.
4
Heres our pick of the top 5   1. The
Fundamentals Instant cash loans are a favourable
borrowing option to meet short-term needs and
smaller expenses, whereas personal loans have a
greater lending limit and subsequently higher
interest rate. The younger generation has dreams
but they also have the means to fulfil them.
Although these means may not be available at the
drop of a hat. Hence, an instant cash loan serves
as a much needed temporary bridge in those dire
times.
5
2. Credit Score Requirements Just begun your
career in a new city or need some quick cash for
the Europe tour? A low credit score may lead to
rejection of your personal loan request and foil
your plans, since they still tend to operate with
conventional requirements. This is where an
instant cash loan can help. Platforms like
EarlySalary factor in many other parameters (such
as your social worth) when determining your
credibility as a borrower). Whether it is your
wedding dress or a home improvement, instant cash
loans can be availed even with a low credit score
- something personal loans lack.
6
  • 3. Quick Disbursal
  • Personal loans require more time for
    documentation and processing. A personal loan
    approval with collateral is even more
    time-consuming. An instant cash loan, on the
    other hand, from EarlySalary, is disbursed within
    minutes of approval and that too online. It does
    not need any collateral. Its as quick as the
    millennial generation is.

7
  • 4. Usage Restrictions
  • A conventional personal loan may impose some
    restrictions on its disbursal and its
    expenditure. However, there is no such
    restriction on cash loans from EarlySalary. The
    amount is transferred directly to your bank
    account and can be spent as per your desire.
    There is no restriction on how you use the loan
    amount.

8
  • 5. Flexible Repayment
  • The repayment terms of personal loans are
    stricter than that for an instant cash loan.
    Banks continue to pile on additional charges
    (like foreclosure fees) to maximise their gains
    from the loan - effectively penalizing the
    borrower for repayments. The repayment tenure for
    cash loans though, can be adjusted as per the
    borrowers repayment capacity.

9
  • Instant cash loans from EarlySalary can take care
    of financial emergencies and time-bound expenses
    that you cannot forego. Every process - from the
    application to documentation and approval is done
    online. It requires only basic documentation to
    be uploaded online. Since the entire process is
    digital, you not only save the shoe leather cost
    but are also saved the trouble of filling lengthy
    forms.
  •  
  • EarlySalary requires your address, identity proof
    and bank details, amongst a few other parameters,
    to ascertain your eligibility and approve the
    instant cash advance. The loan is approved within
    8 to 24 hours of your application and the amount
    is directly transferred to your account.

10
  • Cash advances through EarlySalary are a
    hassle-free borrowing process thanks to a variety
    of reasons
  • There is no need to stand in long queues to know
    your eligibility or to submit documents.
  • These short-term loans can be either repaid in
    one go without any foreclosure or in EMIs that
    are spread over a period of three to 12 months.
  • We believe in full transparency, which is why
    EarlySalary provides its borrowers with a loan
    calculator to calculate the amount to be repaid.
    Every detail from interest rate to the approval
    status and repayment terms is stated at the time
    of application itself.

11
  • Instant cash loans can assist you fulfil your
    ambitious bucket list and also offer flexible
    repayment options unlike in personal loans.
    Whether it is to warm up for the sale season or
    to pay for your party and repair bills, it is now
    possible to pay with instant cash loan from
    EarlySalary even on days when you are hard
    pressed for money. Get started with EarlySalary
    here.

12
Hope this information has been helpful! Happy
Borrowing!
13
Follow us on
https//www.facebook.com/EarlySalary/
https//twitter.com/Early_Salary
https//www.linkedin.com/company/early-salary/
14
For more details do visit here Instant Loan
Our Website https//www.earlysalary.com/
Thank You
About PowerShow.com