How To Get A Personal Loan During COVID-19 Without Setting Foot Outside - PowerPoint PPT Presentation

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How To Get A Personal Loan During COVID-19 Without Setting Foot Outside

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Major banking service providers and financial institutions have launched quick loan apps to make it easier for the interested individuals to apply for a personal loan without the involvement of middlemen or agents. – PowerPoint PPT presentation

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Date added: 15 June 2020
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Title: How To Get A Personal Loan During COVID-19 Without Setting Foot Outside


1
How To Get A Personal Loan During COVID-19
Without Setting Foot Outside
2
  • During these hard times due to lockdown, people
    are out of money and need money to fulfil their
    basic needs.
  • Because of COVID-19 millions of people have
    already lost their jobs and are facing day-to-day
    hardships.
  • From meeting emergency expenses to financing your
    personal needs, personal loans come in quite
    handy for people struggling with a lack of funds.
  • Major banking service providers and financial
    institutions have launched quick loan apps to
    make it easier for the interested individuals to
    apply for a personal loan without the involvement
    of middlemen or agents.

3
Instant Personal Loans A Brief Overview
  • As the name suggests, an instant personal loan is
    a personal loan that can be availed by the
    applicants almost immediately.
  • It doesnt require them to fulfil the various
    formalities associated with applying for a
    regular loan, such as visiting the bank branch,
    proving their eligibility, or filling lengthy
    paperwork and then waiting for their application
    to be approved.

4
Benefits of Applying for Instant Personal Loan
1. Do Not Require A Collateral These loans are
mostly offered on the basis of the income and
credit score of an individual along with a
thorough assessment of the spending habits and
creditworthiness.
5
  • 2. Less Processing Time
  • Whether you have applied for the loan through the
    best online loan app in India or directly through
    the online website of institution, the
    applicants do not have to go through the long
    application process and can provide all requisite
    information electronically from the comfort of
    their home.
  • This speeds up approval time and ensures fast
    disbursal of the money within a of 24 hours
    (maximum).

6
  • 3. Flexible Interest Rate Loan Tenure
  • The applicants can choose a tenure and rate that
    best suits them thus minimizes their chances of
    defaulting on the EMI payments.
  • 4. Nominal Processing Fee
  • Most reliable providers offering personal loans
    seek a nominal processing fee from applicants.
  • Moreover, they dont charge any hidden fee from
    applicants, which helps to further reduce their
    financial stress.

7
For more details, visit https//www.moneyinminute
s.in/
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