Reducing Financial Stress with Advance Salary loans
Posted by Trishya Sharma on December 4th, 2019
Short term personal loans are to meet immediate cash urgencies. One may be hand-tied at end of the month, in many situations like defined below will have to apply for loan. Why not use credit card? Because they come at high interest rate and you may not be able to pay entire amount at one go of payment cycle. So, how to handle a situation like this?
Advance salary loans are unsecured loans taken for a duration that is shorter. The sum can be paid by you back in instalments from salary at tenure of 3,6,9,12 months. The charge assessment process for such loans are quicker and hence, the loan is disbursed within hours. In addition, the application procedure is hassle-free, online and is specially provided by electronic NBFCs or lenders.
In What Situations Can You Utilize an Advance Salary Loan?
1. Medical Expenses
If you have a great deal of expenses due to some emergency or health condition, Advance Salary Loan will help you clear the dues instantly. You can pay back the loan amount at EMI next 3 to 12 month instalments.
2. Home/Car Repair
You can take Advance Salary Loan for a brief span, whenever you don't have sufficient funds to complete those repairs. Financial assistance can be immediately offered by Advance Salary Loan. For example, if you have recently discovered harm roof, or extensive structural damage that insurance doesn't cover and you have to fix it quickly.
3. Promotion Party
Want to celebrate with friends and colleagues however, falling short of money for your sudden promotion? Why swipe at credit card and worry about paying inside 35-50 days. Apply online for the Advance Salary Loan and decide to cover in instalment 3,6,9,12 month’s EMIs. You might even choose a higher repayment cycle to lower your instalment monies.
4. High value consumer goods
We know we need to save first to obtain an expensive product such as an wristwatch or even the car accessory that we are currently eyeing. How long would one prefer to wait when one can receive 2.5 times their salary and repay as EMIs from following 3-6 month's salary.
In situations such as these, you might take a salary advance loan to meet with your money requirements. It's possible to adjust arrangement and the amount of the loan according to monthly salary/income and your requirements. The distinction between an EMI based Advance Salary Loan or Personal Loan is that of duration of the loan and the amount of the loan.
5. Customer Service
Our client support assists our customer through right choice of product, understanding of processes and thereby, be aware of all measures post their loan application.
About the AuthorTrishya Sharma
Joined: August 2nd, 2019
Articles Posted: 44
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