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How Secure is my Personal Data with Instant Loan Apps

How Secure is my Personal Data with Instant Loan Apps

Rising rent, unstable job, daily medical expenses, overhead expenditures, and increasing liability has increased the level of stress in daily lives. Instant personal loan is one service that is ideal to ease of the financial burden in times of crisis. The online platforms such as instant loan apps, credit websites and loan lending portals have been widely accepted for convenient loan application.
 
In the process, loan applicants are required to submit their basic personal details and documents in a paperless format. Many people hesitate in downloading the loan apps due to the related security issue and mishandling of confidential information. Since you would not want to fall prey to fake lenders, the question is how should borrowers verify the authenticity of instant loan apps. There are few simple steps that can guide you to avoid dealing with fraudulent instant loan apps or fake websites.
 
Before using the instant cash loan app, check their company website and pay attention to the below security trails to safeguard your personal data with instant loan apps:
 
  • Lender should be concerned about your credit history before lending you money.
  • Lender should provide relevant details regarding different types of loans. If the lender isn’t giving ample details about loans, turn down the loan proposal instantly.
  • Lender should not compel into applying instant loan by putting up some kind of urgency or a deadline, do not fall for urgency plea.
  • Lender should provide accurate physical office address and contact information. If the lender does not provide proper information of its location you should definitely show no trust.
  • No hidden charges regarding loan should be levied. Complete and accurate detail of instant loans should be at disclosure.
  • Do not share your instant loan app password or OTP number with anyone. Keep it confidential and secured while using the loan app.
  • Loan URLs starting with https:// are secured websites. With a genuine and trustworthy lender, your personal data will not get exposed.
  • Make sure it has license from the Reserve Bank of India (RBI) to act as a Non Banking Financial Company (NBFC)/Lending institution or the app is offering services as a designated agent of a registered NBFC / Lending institution.
 
 
Hence, if you are looking for a trusted instant personal loan app then Simply Cash is an ideal choice built with secured features to keep the borrowers’ identity safe. The reason to trust Simply Cash – an instant personal loan app is that, all the essential company information is provided on the Simply Cash website as well as on the loan app. Simply Cash instant personal loan app is powered by HeroFinCorp, one of the renowned financial services company in India. Simply Cash loan app ensures 100% safety of applicant’s personal data.
 
With minimal documentation and limited eligibility criteria the personal details are kept confidential and there is hardly any risk involved for fake or fraudulent cases. Start with downloading Simply Cash and apply for a maximum personal loan up to 1,50,000 with no stress of data breach.
 
The traditional method of submitting loan documents requires a considerable amount of time and patience to organize the originals and photo copied confidential papers. Moreover, security of personal documents is also at stake if you lose any original copy in transit. Hence, submitting soft copies online is a safe process for loan sanction. Ensure the authenticity of documents. In any way, if the submitted documents are found fake you may miss the chance of loan approval that will also affect the credit score.
 

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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SimplyCash is managed and operated by Hero FinCorp Limited, and it follows high data and system security standards.

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