Best Personal Loan App

While applying for a personal loan, all of us would like to receive instant loan approval. What all of us need is easy and quick access to emergency funds in a few clicks. FinTech players have become wildly popular in the last few years. FinTech lenders combine robust technology to provide better financial access to loans and other financial services in case you didn't know. This is seen in their quick loan approval process and swift loan disbursal directly into your bank account. If you already have a working relationship with a bank or NBFC, you can approach them as well. Here are five ways how instant personal loans are beneficial. 1.Arranging Emergency Funds In an ideal scenario, all of us would have four to six times our monthly salary safely saved away for financial hardships. But all of us know that maintaining such an emergency fund is almost impossible, given the uncertainties of life. An emergency can come knocking on your door at any time and drain your savings. Dep

Getting a personal loan is one of the best ways to meet your urgent financial needs. Since there's no restriction on the end usage of the funds, you can use them for various purposes such as funding your higher education plans, financing a wedding, planning a trip or meeting an unexpected medical emergency. But your personal loan has to be affordable, i.e. it has to be a low interest rate loan as well. Here are four tips you can adopt to increase your chances of qalifying for a low interest rate personal loan: 1.Strengthen Your Credit Score This is the first and most important thing you need to do to qualify for a low interest rate loan . Your credit score is a measure of your creditworthiness, which is the first thing your personal loan lender will check after receiving your loan application. Typically, a credit score of 750+ is considered healthy by banks and financial institutions, though some lenders even accept 700. Ensure the timely repayment of your existing debt, and d