Steps and Benefits to Apply for a Personal Loan via Mobile App

What is a Mobile Loan App?

Mobile loan apps can be referred to the loan which is used to apply through the help of mobile devices. Nowadays, You can avail this loan facility from Instant loan App.

Steps for applying loan via Mobile App:- 

Step 1 – Select a preferred financial organisation or institution

Step 2 – Download the corresponding app from the Google Play store/iOS store.

Step 3 – Fill the application form by providing your mobile number and email ID. An OTP will be sent on the registered phone number, through which individuals can easily login.

Step 4 – There will be documentation for the verification purpose. Candidates need to provide their PAN Card number along with their permanent address and scanned copies of resident proof might be needed for further verification.

Step 5 – Loan application and verification process might take a few minutes to complete. After successful authentication, the loan disbursal process is initiated. Amount transfer used to take around 2 to 5 business working days.

You can also avail the following benefits through the help of Mobile Application:-

• Ease of loan account management:- You can easily manage your loan account including complete information about EMI payments, due dates, no. of EMIs left and many more through the help of mobile application. 

• Account history:- Statements and other account information can be downloaded from official mobile application from the particular financial institution, when required by borrowers. 

• 24×7 customer support:- Online customer help line desk is always available if the borrower finds any issue or any related problem for the services.Individuals can either call or message to convey their grievances at any time.

Must Read:- Step wise Guideline To Apply For A Personal Loan With Loan App