Best Personal Loan App

When it comes to taking out a loan, the entire process of applying for one has changed in the last five to six years. Traditional banks are not the only option you have in case you want emergency funds today. A lot of non-banking financial companies and other loan providers have emerged over the last few years, as an alternative to traditional banks. This is a welcome development, as you can get an instant money loan online very easily today. Banks usually take a lot of time to process your loan application and are known to demand extensive documentation. Also, they are rather rigid about giving loans based on your credit score. Alternative lenders consider other factors as well while evaluating your profile. This increases your chances of instant loan approval . Here are 3 expenses you can cover with such a loan: 1.Making Household Repairs/ Purchases Medical expenses aren’t the only kind of unexpected expenses that can befall you. Several things can go wrong just inside your...

When it comes to meeting unexpected financial emergencies, a personal loan is your best bet. There are many personal loan lenders such as banks, NBFCs, and other platforms like FinTech companies that can provide you with emergency funds almost instantly. You can use the funds to fulfill your requirement and repay the loan in easy EMIs. So, you enjoy the dual factors of convenience as well as flexibility, since the loan tenure is set based on your repayment capacity. If you’re unable to get a personal loan (for whatever reason), you can also apply for a private loan using a private loan app. But do these private finance loans come with tax deductions?  Unlike education loans or home loans, there are no special deductions for private loans under the Income Tax Act. However, this doesn’t mean that one cannot avail of tax benefits on such a loan. Based on the purpose for which the personal finance loan was used, you can avail deductions on the loan. There are certain reasons/use...