Loan App - Best Way to Pay EMIs on a Click
The trend of offering financial tools by leading lenders in the form of an online loan app is what has emerged in India. With leaders in multiple categories, such as electronics, groceries, and e-commerce, offering an app, can the finance sector be behind?
All leading nationalized and private banks, as well as non-banking finance companies (NBFCs), are nowadays offering their loan customers with a loan app. A loan app is a customized version of a website, which offers many services on your fingertips.
Using an online loan app, not only you can easily pay EMI online, but even avail many other preferred financial services on the go. If you want to know some of the features of the leading finance apps, then here is a post you should go through. Read on!
Usage of an Online Loan App at a Glance:
- Lets you pay EMI online- You don’t have to log in to the website of your lender to access your details of the loan to pay your online or even visit a lender to drop a cheque. You can just log in your loan app once on your smartphone and get all details super quick by opening it. As a result, your EMI payment has been simplified with some taps on the loan app.
Helps you know your details of the loan accounts- By using an online loan app, you can also know the details of all loan accounts such as the current and previous ones right on your smartphone. What’s more, you can also download the loan statements on your mobile phones for future references.
Can let you make prepayments and foreclose the loan- If you wish to make some prepayments towards the loan account or even pay EMI online foreclose it before scheduled tenor is over, it is possible to do all on finance apps. A majority of lenders don’t charge any amount for prepaying or foreclosing the loan earlier.
Enables you to enjoy exclusive pre-approved loan offers- All lenders extend the facility of some pre-approved loan offers to its loan customers on many financial products. The purpose of such deals is to make your loan application and procedures to move hassle-free and fast towards the approval. By sharing your basic personal details like name and mobile number, you may seize your pre-approved loan offers.
Let you log complaints- Other than letting you avail all discussed financial services, a loan app also lets you raise a request for all complaints or grievances. You can also check the status of all logged requests including the detailed description of earlier ones.
Enjoy quick response chatting with a chatbot- You can even get in touch with an AI-enabled chatbot on the loan app of a lender to get quick responses to your queries about any products.
You can also rate the loan app- Based on your user experience of availing the financial services on finance apps, you can also rate it with some easy taps. Lenders consider such responses as cues to improve their financial services on the online loan app in the future.
A loan app is surely a path-breaking technology that is being embraced by the users in a big manner. It is because they can access all financial details and services right on the online loan app on their smartphones. Known lenders like Bajaj Finserv offer many pre-approved offers on home loans, personal loans, EMI finance, and more. Such deals can help in simplifying the overall loan procedures and making everything fast.