If you are considering applying for an quick loan facility in India, then you can find many banks and non-banking finance companies (NBFCs) offering many deals. When ever it comes to applying for an online instant loan such as the personal loan, home loan and many more. You should also see the elements or features of a financial institution instant loan app.
Loan app elements to consider before applying for a loan:
• You should be able to track active loans- Are you able to view and manage all your active loan accounts on the online loan app? Can you make payments and download your financial statements? If yes, then an online loan app is good to go.
• You should be able to pay the loan EMI on the go?- An online loan app should help a borrower to make the required EMI payments towards the loan account on the go. An online loan app should also be able to show all your previous EMI transaction history.
• Can you check your pre-approved offers?- Financial institution extend some customized pre-approved loan offers to help you enjoy some exclusive deals. All leading online loan apps in India such as the Bajaj Finserv App should allow you to access and apply all pre-approved loan offers via loan app.
• You should be able to make pre-payments and foreclose the loan- The Online loan app of a reputed financial institution also let you make pre-payments towards the active loan apps. Most financial institution don’t charge any amount for making pre-payments or foreclosing the loan amount earlier.
• You should be able to raise a request and check its status?- You may face some problem during a loan tenor and for that; the online loan app should allow you to raise a request. You should also check if the instant loan app is letting you track the log status or not.
Also Read:- Apply for a Home loan via Online Loan App
