India is currently under the 5th phase of the lockdown. It is to contain the spread of the deadly Novel Coronavirus (COVID-19). Given the unprecedented times that we are in, you may need some funds to cover your needs.
And if you have the requirements for funds, then you don’t need to leave your home and meet lenders. How? It is because you can easily apply for an instant personal loan. This way, you may be able to avail a personal loan in 2 clicks.
Have you maintained a higher cibil score and can match a lender’s eligibility? Then you may also get a low interest personal loan conveniently.
If you want to know more about the digital personal loan, then this quick post is for you!
What is a digital personal loan?
A digital personal loan is a personal loan that is available online. You can land on the website of a lender and apply for it from convenience. Hence, you don’t need to go out and expose the virus to apply for the digital personal loan. Based on your eligibility, you can avail a personal loan in 2 clicks and borrow a large amount.
What are the benefits of the digital personal loan?
Large loan amount made possible
You can borrow as high as up to Rs.25 lakh from a leading online lender. The final loan amount will be disbursed as per your eligibility and lender’s policies. You can also know an amount that you will be eligible for. It is possible by checking out the personal loan eligibility calculator. The tool is available free on the reputed lender’s website.
Instant loan approval and money disbursement
After you apply for the digital personal loan, you can get the approval within minutes. It is if you are the right candidate. After you get the loan approval, you can get the money disbursed in your bank account within 24 hours.
Easy eligibility and documentations
The digital personal loan is an unsecured loan facility. It means that you don’t need to submit any collateral or security to get it. The loan is sanctioned on your credit score and other eligibility factors. Take a look at standard personal loan eligibility and documents:
- The applicant needs to be a resident citizen of India.
- The age of the applicant should be between 23-55 years.
- He/she should be an employee of an MNC, Public or a Private Limited Company.
- KYC Documents.
- Employee ID Card.
- Last 2 months’ salary slips.
- Previous 3 months’ statement of the Salaried account.
Flexible repayment tenor
A digital personal loan comes with a flexible repayment tenor of up to 60 months. Thus, you can go for a tenor as per your income and repayment capacity to manage the smooth EMI payment.
How to apply for the digital personal loan?
- Enter your personal, professional and employment credentials on the application page.
- Enter the desired loan amount and the tenor you will repay it.
- Now your loan documents will be collected by the representative of the lender. He will get in touch with you soon.
- You will now receive the approved loan amount credited in your bank account within 24 hours.
If you are looking for funds during the COVID-19 lockdown, then the digital personal loan is the perfect fit today. This way, you can get the funds and avoid exposing yourself to COVID-19.