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Personal Loan App - Flexsalary
Flexsalary is india's best personal Loan app.
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A personal loan in Pune from FlexSalary can be the best solution when you are struggling to get cash during times of uncertainty. Pune, being the automotive and industrial hub, is a thriving city which provides unlimited employment opportunities. Hence, Pune serves as a platform to fulfil your dreams, and this can happen when you have required money resources.
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FlexSalary offers an instant cash loan against your salary anytime. It’s a personal loan with no fixed EMI. It is a flexible loan; you can repay your loan in flexible EMIs. Our quick loan application process is completely online. Apply Online and get fast cash loan approval in a few hours if you perform Net Banking Verification while applying for our loan.
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Factors that Banks Consider Before Approving a Personal Loan
As much as the banks and financial institutions work for serving the public so do they work for earning profit or some gain. In today’s time when banks are facing a big challenge of bad debt, it gets tougher to maintain both the objectives for them while serving properly. Also, when the facility of Instant Personal Loan Applying Online is getting popular day by day the task gets even tougher. Under such situations, Banks and financial institutions take note of many important factors before approving the Personal Loan. Let’s know these factors in detail.
1- Identity Proof: The identity of the borrower is a very crucial factor for banks. The customer, an applicant to loan, or even a guarantor; all are considered important when it comes to knowing the whereabouts of them. For most banks in India being an Indian is a must identity and in other banks also the details are recorded and verified thoroughly.
2- Residential proof: Any delay in installments, default, or casualty may be a reason when banks could visit the borrower for verification. Also, for sending notices at times, an address is required. Hence, the place of stay is another crucial factor for banks to know about their customers. The residential proof is also taken to make sure the stability in the place of living and to check if the borrower is not a careless regular in changing the residential place.
3- Age proof: Many policies, rules or systems are age bound in India. A person being a major or a minor is a factor that could decide upon many obligations and decisions related to monetary transactions. Most of the Indian rules are age bound and assure if everything is rule-bound, having age proof is mandatory.
4- Credit Score: A good credit score tells clearly that the applicant for the loan has paid all the past dues timely. A past defaulter could again commit such faults in repayment. So, the banks count it as a negative mark in preparing the credit score that reduces the chances of bank approval. Banks access your credit scores through credit bureaus like CIBIL, Equifax, CRIF, etc.
5- Source of Income: Since the instant personal loan does not cover any collateral hence to assess the capacity of timely repayment the banks use this tool. Having a regular income is checked by taking income certificates, salary slips, and bank statements.
6- Job Stability: Not just the income but job stability also matters for banks so they check if the source of income is fixed. Having a stable job or profession gives proof that a regular income is coming into the account of the borrower.
Since the banks check all the documents in detail it sometimes gets cumbersome for applicants. This problem could be resolved easily while applying for an instant personal loan online. In online mode, the documents could be uploaded and verified digitally which saves from standing in long lines and heavy paperwork. Online application for an instant personal loan not only saves time but it has many other benefits as well-
1- Faster and seamless process to apply.
2- Checking the eligibility for the loan instantly.
3- Easy and faster verification.
4- Paperless loaning process.
5- Easy comparison of rates among various platforms.
FlexSalary is one of the top lenders in India where you can get an instant personal loan up to 2 lakhs. If you are a salaried employee, you can apply now and get cash on the same day.
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An Instant loan from FlexSalary has some exciting features and benefits which are mentioned below:
One-time sign-up: You can sign up once and apply for any loan 'n' number of times. There is no more waiting time to apply for a new loan.
Zero-collateral app: No need to submit any of your assets as a security deposit to avail a loan.
Easy and paperless application: With just a single tap of a button on your smartphone, you can avail a loan within minutes. Our loan process is simple, quick, hassle-free and paperless.
Loan at your fingertips: You can apply for a loan, get approval within minutes. The fund disbursal happens within hours. So, it's the best instant app to borrow money when in urgent need.
Low on CIBIL score? No problem!: You are still eligible to get loans with your low credit score.
Flexible EMI repayment: You can pay the minimum amount if you are unable to pay the monthly full amount of EMI.
Don't pay if you don't use: Pay interest only on the withdrawn amount and not on the total borrowed amount.
Reminders: You will be notified about your payments, statement downloads and any dues that seek your immediate attention.
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