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How do I find the best loan app?

Thinking about getting a loan? Did you know you could get one using nothing but your mobile phone? Thatu2019s right! Thanks to technology and the marvels of the internet, you can borrow money quickly and in a hassle-free manner with just a few taps & clicks on your smartphone.

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How do I find the best loan app?

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  1. How do I find the best loan app?

  2. 2. Easy borrowing process.The best loan app will make borrowing money a piece of cake. Ideally, you should look for an app that has the least number of application steps and has no physical paperwork. This will allow you to finish the application quickly and with no branch visits at all.

  3. 1. Look for good reviews. One of the first things you need to do is find apps that have good reviews. This will ensure that you choose a loan app that others have used, that is trusted and provides quality finance solutions. Also look for apps that have higher downloads more installs and a greater number of disbursed loans.

  4. 3. Minimal documentation.The best loan app will have the least possible documentation. Some will also require just 2 documents to provide that loan – your Aadhaar card and your PAN card. Oh, and to go with it, they might require a selfie taken from your phone. This makes the documentation process quick and a lot of fun too!

  5. 3. The best loan app is lightning fast.That’s right; a good loan app won’t keep you waiting around for days or weeks to provide the loan you need. Some will allow you to go from application to loan sanctions to your account in just 30 minutes. This means that you could start the application while ordering a pizza and the money would be in your bank account before the pizza reaches your home.

  6. 4. No upfront costs.Another thing that separated the best from the rest is upfront cost or registration fees. Some loan apps will ask you to pay some membership fees or upfront amount just to use the app. Stay away from these applications as they mostly just scams. The best loan apps will never ask for any payments to use the app. You will only have to pay a processing fee when applying for the loan.

  7. 5. Easier eligibility.Some loan apps will have eligibility criteria that make pole vaulting seem easy. They will set the bar so high when it comes to minimum salary & credit score requirements that most borrowers just cannot apply. However, the best loan app will make things easier – they will do away with the credit score requirements altogether and set the minimum monthly income as low as Rs. 10,000.

  8. We hope these points help you find the best loan app for your needs. Good luck and all the best!

  9. Follow us on : https://www.facebook.com/rapidrupee.in/ https://twitter.com/RapidRupee https://www.youtube.com/channel/UCQyXHZLSjG47dE0RebP1Q4A https://www.instagram.com/rapidrupee/

  10. For more details: loan app RapidRupee Website: https://www.rapidrupee.in/ RapidRupee App: https://play.google.com/store/apps/details?id=co.afg.rupie

  11. Thank You…

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