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Personal loan apps in India make it much easier to borrow money! You do not have to physically visit a branch or stand in line - just reach for your phone, tap-in some details and voila, the loan is approved and the money is transferred to your account in under 30 mins. You get the loan without even breaking a sweat. The best part is the most lenders also have easy documentation u2013 just scan & upload your Aadhaar card and your PAN card, click a selfie and your documentation is done!
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Personal loan apps in India make it much easier to borrow money! You do not have to physically visit a branch or stand in line - just reach for your phone, tap-in some details and voila, the loan is approved and the money is transferred to your account in under 30 mins. You get the loan without even breaking a sweat. The best part is the most lenders also have easy documentation – just scan & upload your Aadhaar card and your PAN card, click a selfie and your documentation is done!
So if you need money quickly, all you have to do is download an instant loan app onto your phone. It’s the easiest and most convenient way to meet your financial needs. However, you also need to be a little cautious when using such apps. This is because there are several fraudulent options out there that will do you more harm than good. Keeping this in mind, the following article will highlight 3 pointers that will help you find a trustworthy lender and get a good finance solution.
1. Beware of lenders who ask for upfront fees.Do not use any app that asks to pay for membership or demands upfront fees. These apps will generally take your money and become unresponsive after that. The only payments you should expect to pay are interest & processing fees. In this regard, some of the better lenders will charge you an interest rate as low as 1% per month. As far as processing fee, you can get processing fees as low as Rs. 349.
2. A good privacy policy.Date is the new gold. These days, there are several apps that are just there to access your data. Some might even ask permission to messages, your camera and your location setting to track all these data points. It is best to avoid these apps. You should look for a lender that secure HTTPs connection and use safe payment gateways to be extra sure.
3. Ratings and reviews.Another good way to judge the trustworthiness of a personal loan app in India is to go through its reviews and rating. Right of the bat, you should look for lenders that have a rating above 4. Then, you should look at the review the app as received. Don’t limit yourself to the first 4 or 5 reviews that appear by default. Instead, expand the reviews and skim through the negative ratings. Keep a look out for reviews related to scams – this is because every app will have reviews from unsatisfied customers, ignore those and focus on any comment related to fraudulent activity.
It’s best if you place you borrowing needs in the hands of a trusted personal loan. Don’t go scanning the second and third page for apps. The best options will usually be in the first half of the first page.
We hope article has been helpful, good luck and all the best!
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For more details: personal loan app RapidRupee Website: https://www.rapidrupee.in/ RapidRupee App: https://play.google.com/store/apps/details?id=co.afg.rupie
