The advent of technology seems to be helping people in all areas of life. The finance industry in India is not an exception. Nowadays, you can see financial companies offering its loan customers with the facility of online loan apps in India. If you are already a loan customer and still not using the loan app facility, then this post is for you. By going through this post, you would be able to know the concept and the benefits offered by an online loan app. Read on!
What is an online loan app?
If you have a smartphone, then you must be using many apps to make utility bill payments, book movie, and air, train tickets and do more. Just like that, most of the leading banks and other lenders have now their loan apps. By downloading such loan apps, a loan customer can track the progress of his/her loan, pay EMIs online, raise a request, and more quickly.
What are the benefits of using an online loan app?
Know your loan progress- You can download the online loan apps of your lender from whom you may have availed a loan and know its progress right on your smartphone. You can also check the details of your previous loan accounts. Also, you can download the loan statements for your reference.
Make EMI payments- When you have an online loan app of your lender, you don’t need to worry about paying the loan EMI by visiting its branch. An online loan app can help you pay emi online and save your time and efforts.
Drawdown facility- Would you like to utilize the drawdown facility on your loan accounts? That’s possible when you use the online loan app facility by requesting drawdown functionality. It can be done when you get your OTP validated.
Raise a request- Are you facing any issues related to any past payments, interest rates, processing charges, or any other error related to the loan account? You can easily raise a request on the online loan app and get all your queries resolved super quick.
Get instant help via the chatbot- You can also make the most of some other functionality on some of the best online loan app in India such as Bajaj Finserv app. Yes, you can now check the referral programs and enjoy instant support via the usage of a chatbot. Through this app, you can also apply for an instant loan.
Check out your special pre-approved loan offers- Some lenders also offer some customized pre-approved loan offers to their customers with a fair record of repayment and a higher CIBIL Score. A loan app can let you view all such pre-approved loan deals and apply for them quickly if needed.
Provide feedback on the loan app performance- An online loan app is also a product which may be liked and not liked by some customers. Hence, you are free to log your opinion your user experience of the loan app by giving it ratings.
Using a loan app when you have an active loan can help you know its progress, pay EMIs, and do many more things. This way, you can convenience at its best.
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Anjali Singh Joined: March 14th, 2019 Articles Posted: 1
