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Why FINTECH is the best choice when it comes to personal loans?


Why FINTECH is the best choice when it comes to personal loans?

Digitalization has completely changed our daily lives especially smartphones. Right from ordering pizza to equity stocks or booking airlines tickets, everything can be done with just a few clicks on your smartphone while on the go. And the lending system is also not leaving any stone unturned to completely transform into a digital wing. This wing is quick, convenient and simple. With digital lending, the entire operation right from comparing quotes to application and loan disbursal everything is quick, convenient and paperless.

Fintech companies are now promoting paperless personal loan sanctions, and it has made easier for both the lenders and the borrowers to lend and avail money in quick turnaround time.
Personal loans online offered through top fintech companies in India help you meet a host of purpose such as: renovate your home, buy your favorite gadget or electronic appliances, go for a family vacation, meet urgent bike or car repairs, or pay for medical bills, etc. All you need is a smartphone app and a sturdy internet connection to get instant personal loans.  These firms offer quick loan sanction in a couple of minutes and instant disbursals in 1-2 working days.

Instant Personal Loan by Early Salary App


Through, e-lending arm you don't have to spend several hours to visit banks, stand in long queues for submission and finally wait to know your loan status. Digital lending sets you free from the tedious conventional process and save a lot of time and energy for you. Your loan is just a click away with an e-lending app on your smartphones. You don't have to pledge for any collateral, no need for an extremely good credit score.

Fintech companies are coming up with innovative and robust techniques to speed up the whole loan lending process through a quick communication interface and instant loan disbursal process.
These smartphone apps provide instant personal loans to salaried individuals based on their income source, job stability, bank statement, and other KYC details. It uses the social worth score of an individual and along with income stability. So, you don't bother about your credit score if it's on the lower end of around 600-700.

Instant Loan by Early Salary App


These instant personal loan apps will be your one-stop solution when you don't have enough funds to fulfill your financial goals or make bigger purchases. You can borrow as low as Rs 8000 and can go up to Rs 2 lakhs. Since these apps are social media friendly, they already have a page on platforms like Facebook. So, you can log in to your facebook accounts in the personal loan app from your Andriod and iOS mobile phone to apply for instant cash loans.

Some app has wallets wherein the money will be transferred to your wallet. They also have tie-ups with Big Bazaar, Amazon wherein you can shop for grocery, apparel or electronic gadgets with zero costs EMI as well.

Here are six compelling reasons why you should opt for instant personal loans through FINTECH apps:

•    No waiting in queues & tedious paperwork
•    Low borrowing fees
•    Instant loan sanction
•    Attractive interest rates
•    Flexible repayment in 60-120 days
•    No pre-closure charges


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