Indiabulls Personal Loan, Loan Apps
A personal loan is one of the popular loan options, which in nature is unsecured, meaning you do not need to provide any collateral or security to the lender for borrowing the funds. The next advantage of applying for a personal loan is that they allow applicants to use the loan proceeds. |
It means that personal loan applicants can use their loan proceeds for mitigating any of their business/personal needs. However, note that personal loan proceeds cannot be utilized for mitigating any speculative purpose. Remember that personal loans generally come at a higher rate of interest as compared to other loan options.
Their rates can go as high as 24 % p.a. due to their unsecured nature. However, banks and other financial institutions can lend personal loans to the ones with a good credit score of 750 and more at lower interest rates starting from 9% p.a. onwards.
Long gone are those days when availing of a personal loan took quite long. Delayed proceed disbursal clubbed along various verification and documentation process, all of them has made taking up personal loans a difficult venture for the ones in requirement of instant personal loans to mitigate their financial exigencies or financial shortfalls. However, new technology development has enabled the banking sectors to take up such changes to expedite their credit processing time.
Now individuals with good credit profiles and excellent credit history are provided with the choice of pre-approved personal loans. Note that pre-approved are those personal loans, which get disbursed on the same day of loan application submission. With such an option now, the applicants of personal loans do not need to visit the online financial markets to take up regular personal loans when they are an instant loan requirement in the event of an emergency.
Remember that regular personal loans are generally processed within one week of loan application submission, and it includes the requirement of providing numerous documents, which in case of pre-approved personal loans are not needed. Pre-approved personal loans can be easily opted for through loan apps.
Indiabulls is an important lender who offers the facility of quick personal loans in the form of Indiabulls personal loan. Immediate Indiabulls personal loans help their applicants to meet instant fund needs by disbursing credit proceeds instantly. Such loan proceeds have zero restriction on the end-use, except if one uses it for speculative reasons. Remember that Indiabulls personal loan is the most preferred personal loan lender currently in the lending market. Below listed are some benefits of taking up Indiabulls personal loan:
* Immediate loan proceeds disbursal on the same loan application
Since the time banking was introduced, the personal loan procedure used to be a lengthy process followed by massive tension, time consumption and stress. The best solution for this is an immediate Indiabulls personal loan. You only need to fill the required details in their loan apps, and on receiving your application, your loan gets processed, evaluated, approved and finally disbursed into your bank account on the same day of submitting the loan application. With Indiabulls personal loan, you can avail instant disbursals of the loan proceeds that ranges anywhere from Rs 1,000 to Rs 15 lakh.
* Completely digital application process for the personal loan on Indiabulls app
Long gone are those days when you were required to queue up at the bank or NBFC branch with various documents for submitting the personal loan application. With immediate Indiabulls personal loan, the entire loan application procedure is online using the app. From personal loan application to document verification to Indiabulls personal loan disbursal – all get performed online, which makes it entirely a hassle-free process.
Indiabulls personal loan is easy to avail because of the involvement of hassle-free documentation process as zero physical document submission needs to be done for personal loan application. It means anyone can place an application for Indiabulls personal loan through their site or app.
* No security or collateral required
Owing to the personal loans unsecured nature, the lender does not require any security or collateral for processing the loan proceeds. Individuals in immediate fund need or the ones witnessing fund shortages to mitigate their personal requirements can choose instant Indiabulls personal loan. However, remember that due to their unsecured characteristic, lenders such as Indiabulls place increased emphasis on the individual’s credit score when assessing their Indiabulls personal loan application.
Those applicants with low credit scores are either turned down credit applications or given approval at considerably higher interest rates to compensate for the higher risk involvements. Indiabulls personal loan interest rate generally starts from 13.99 % p.a. onwards. As the requirement for a personal loan can come up anytime, thus reviewing your credit report just before submitting the loan application makes no sense. It is due to the fact that forming a good credit score takes a lot of patience and time.
Regularly tracking your score and undertaking required steps for ameliorating it in the case of any decrease in the score is the best way to maintain an excellent credit score. A credit score of 750 and above is usually looked upon as good. For keeping up this credit score, make sure to regularly review your credit report by directly availing your report from the respective credit bureaus or through online financial marketplaces.
* Can utilize the proceeds for a personal loan for any purpose:
A personal loan can be taken up through Indiabulls personal loan site or app for mitigating any financial need like buying a car, planning vacations abroad, funding wards’ higher studies or meeting unexpected health expenses. One can also use the loan amount for renovating their home or for consolidating their numerous debts. Except for speculative purposes, personal loans via Indiabulls can be used for any purpose.
* Availability of flexible loan repayment tenures and a higher loan amount
Indiabulls personal loan applicants get the benefits like high loan amount disbursal of as high as Rs 15 lakh with the availability of flexible tenures of between three and twenty-four months. However, ensure that Indiabulls personal loan is a kind of fixed loan option with the involvement of prepayment charges of up to 5% of the prepaid amount.
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