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Branch visits versus personal loan apps in India, which is better?

Personal loan apps in India have become extremely popular in recent times. In fact, the user base for such apps is increasing every day! However, at the same time, there is also a large chunk of borrowers who still prefer real-world borrowing solutions.

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Branch visits versus personal loan apps in India, which is better?

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  1. Branch visits versus personal loan apps in India, which is better?

  2. Personal loan apps in India have become extremely popular in recent times. In fact, the user base for such apps is increasing every day! However, at the same time, there is also a large chunk of borrowers who still prefer real-world borrowing solutions. These individuals would rather visit a branch than use an app to get a personal loan. Keeping this in mind, we decided to weigh these two personal loan options against each other to see which one is better.

  3. Ease of application:The offline borrowing process can be quite tiring. To begin with, you must brave the weather, traffic, and pollution to reach the branch. Then you have to physically fill the forms and complete the documentation. However, with personal loan apps in India, the process is much easier. All you have to do is download the app, tap in your details, scan & upload the required documents, and pay the processing fee. It’s way easier and you save a lot of energy.

  4. Guidance:A personal loan usually involves a great deal of money. Therefore, having someone to guide you while applying for the loan can be really helpful. However, with personal loan apps in India, there is no face-to-face interaction, so immediate guidance is not available. You can however get in touch with the lender to clear your doubts. Most lenders will gladly oblige and answer all your queries.

  5. Time:The real-world process of applying for a personal loan can be quite lengthy. Just visiting the branch can take a lot of time, especially with traffic congestion these days. However, with personal loan apps, you can complete the entire application process and enjoy sanctions in as little as 30 minutes.

  6. Convenience:Applying for a personal loan at a branch can be difficult. To begin with, you have to first make time in your busy day. Not only that, you can only visit the branch during office hours. Altogether, it can be a little inconvenient. However, with personal loan apps in India, things are way easier – you can apply at a time and place that you are comfortable with. You can send in your application from your couch, from your office desk or while travelling as well.

  7. Safety:Many individuals have a pre-conceived notion that personal loan apps in India are unsafe. That’s why they rather stick to branch visits to get a personal loan. However, app-based borrowing is actually quite safe. You can just read through the reviews & ratings to know which is a safe app and which isn’t. Sure, there are some scammers out there, they will ask for upfront payments or membership fees to provide you these loans. It is best you stay away from such apps if you come across them.

  8. So, as you can see, personal loans apps in India do have an advantage in many areas. They make it much easier to get access to funds when you need them. Therefore, the next time you have a cash-crunch, you can try using a loan app to cover your gaps.

  9. We hope this has been helpful, good luck and all the best!

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

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

  12. Thank You…

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