There are hundreds of online loan apps providing personal loans online. However, choosing the best loan app personal is of the essence when it involves a person’s hard-earned money.
These are a few features to check out before downloading a personal loan app:
1: Loan Amount: It should provide a sufficient loan amount to cover the current expenses.
2: Collateral Requirement: Most NBFCs offer unsecured personal loans online. Do not fall into the trap of a loan app that asks for collateral, security, or a guarantor.
3: Interest Rates: Interest rates make up a large part of the loan cost. So, compare interest rates from various lenders and opt for the lowest possible offer.
4: Repayment Term: The lender must not force the borrowers to repay the loan within a short time. Most reputed NBFCs have flexible repayment terms that one may choose according to their repayment capacity.
5: Availability: The loan app personal should work even during the lender’s non-working hours, weekends, and festivals.
6: Customer Service: The executives should be accessible for help 24/7 through different contact mediums.
Fullerton InstaLoan is the best instant loan app in India from Fullerton India Credit Pvt. Ltd. It is a trustworthy platform where one can get a personal loan of up to Rs. 25 lakhs at competitive interest rates and flexible repayment terms of 12 to 60 months.
Additional Read: 5 Things That Make Fullerton India’s Loan App Best In India
