In 2019, as per data put forth by the RBI, demand for business loans witnessed a jump over retail loans in India. The reason for the above can be attributed to several factors, one of the most important being the introduction of business loan apps to facilitate easy application for these advances.
With financial institutions like Bajaj Finserv launching their own apps, availing business loans on an emergency basis has never been easier.
Some of the benefits of applying for credits through these loan apps include –
- Easy access to information
Individuals can avail all loan-related information on these apps. This includes information on all post-loan related services as well. Offering the convenience of being a one-stop solution for all loan related queries, this Bajaj Finserv app – Experia can streamline the loan application process to quite an extent.
- Minimal documentation requirements
Applying for a business loan through this app offers the benefit of minimal documentation. This entire application process, in fact, can be completed by merely providing a few personal and financial details and uploading all requisite documents.
Nonetheless, it is crucial to check the list of documents required on these personal loan apps before applying
- Instant approval
Applying through this app can be especially beneficial for those seeking an instant loan for their business. This is because, if an applicant fulfils all required eligibility criteria, the loan can be approved instantly and disbursed within 24 hours of its approval. Further, one can also look up pre-approved offers through this app.
To install the business loan app, borrowers can follow the steps below –
- Download the app on Android phones from Google Play Store or on iPhone from the App Store.
- Register on the app with your contact number.
- Browse for information on business loans.
- Apply by entering the required information.
By following these steps, individuals can avail high-value business loans without hassle in no time.
