Gone are the days where applying for a personal loan was difficult and tedious. Standing in those boring long-queues, with a lot of documentation to complete. That’s not it! Even after applying there is no assurity of loan acceptance. But this doesn’t continue anymore. In today’s time, there are ample of options. In fact, these options are 100% digital and are called new-age personal loans.
A new-age personal loan is one of the most prudent financing options for young professionals looking to address their personal needs such as going on a vacation, undertaking a home renovation, buying a household item, etc. Here’s what makes this loan ideal for young professionals. Today, the new-age fintech platforms have unveiled a plethora of opportunities for contemporary professionals to satisfy their financial needs. Perhaps, the simplest aspect of those loans is that despite addressing unique demands of the purchasers, they are available with a TAT (Turnaround Time) that traditional players haven’t been ready to emulate to the present day. This is often due to the enriched datasets, advanced methodologies, and cutting-edge technologies like AI and large Data that the new-age fintech players leverage for credit scoring and disbursements.
One such new-age ideal option is Peer-to-peer. P2P platform provides instant loans for any purposes. Right from, advance salary, credit card payments, medical emergency, vacations, to shopping and many more. It is a convenient option with 100% digital services. One needs to be an Indian citizen and a salaried individual. And your minimum take-home salary per month must be Rs. 12,000 to avail for P2P instant loans.
Since the young professionals looking for instant cash in their bank account. The P2P platforms do that too. The loan amount ranges from Rs. 5000 to Rs. 10,000. Once your loan is approved with quick easy steps. The disbursal takes hardly 10mins to max 2 hours. To your advantage, no prepayment charges, you only pay interest on the amount used. Moreover, they have the lowest processing fees ranging between 0% – 5% of the amount used.
Enjoy all of these benefits the new-age personal loans is offering to you. The P2P-NBFC is improving the credit scenario of our country, thereby helping everyone meet their end-to-end credit requirements. Avail instant personal loan with InstaMoney app. Download now!