What is the easiest way to get your loan approved?If you are applying for an unsecured personal loan, there are various ways to get your loan approved easily. In the current covid-19 pandemic, personal loans seem to have gained attention due to loss in jobs and the downfall of businesses. During such emergencies, individuals seek the fastest and easiest way to get the loan approved from a trusted lender.
Therefore, several financial institutions and NBFCs in India observed the need for fast–track loans innovated at the plethora of loan apps and official credit websites, declaring the easiest way to get the loan approved.
Here are some tips to get your loan approved in the easiest way:
Check your credit history -Missed and delayed payments can impact your credit score. So, if your credit history is not good, improve and rectify the past financial errors before applying for a new loan. Because, if you apply for a loan without checking the credit score, there can be a possibility of a loan rejection.
Check your loan eligibility criteria -The easiest way to get your loan approved is to check your eligibility as per the lender's terms and policy. Loan apps and websites have an inbuilt loan eligibility calculator to check your worthiness of taking a loan.
Check your repayment capacity -Use the loan eligibility calculator by just entering your monthly income, loan tenure, and existing EMI obligations, if any. This will give a clear indication of the loan EMI, tenure, and eligible loan amount for both salaried and self-employed individuals.
Avoid making multiple loan applications -There are attractive promotional offers on several instant personal loan apps. So, you may be lured to apply for an additional loan that might be hard to repay later. Availing of easy loans is common these days but how you manage the repayment is important.
Keep your documents handy –With instant loans online, paperless documentation and digital application forms are in trend. To get the loan quickly and easily, you need to keep your documents handy, like your Aadhar card and PAN card. It will facilitate faster loan approval.
Hence, amidst a rush of incredible instant loan apps online, look for a lender who offers the easiest and simplest way to get your loan approved at an affordable rate of interest.
SimplyCash, one of the leading instant personal loan apps powered by HeroFinCorp brings a complete digitized money lending and borrowing experience which has an average record time of loan approval within 20 seconds.
SimplyCash is one of the fastest and easiest ways to get your loan approved and disbursed within 24 hours with paperless documentation and minimum eligibility criteria. It is a one-way solution to all your financial issues. Especially during financial emergencies, SimplyCash can be banked upon to get an instant money transfer straight into your bank account.
What are the eligibility criteria to get loans in the easiest possible way?
- You should fall under the category of a salaried or self-employed individual
- You should be in a minimum age group of 21 years and maximum of 58 years
- You should earn a minimum monthly salary of Rs.15,000
- You should be an Indian resident
- Last six months bank statement is mandatory