How To apply for zero Interest Rates Personal Loan

Zero interest personal loan

In today’s time, the trend of availing of a personal loan has witnessed an upsurge. The access to funds instantly and easily has pushed more and more people towards it. Moreover, personal loan interest in our country is quite pleasing, pulling more and more people towards it. 

One who avails this loan is not bound to spend the amount on a particular thing. They have the entire freedom to purchase anything they desire! Hence, this is the prime reason why people are inclined more toward it.  

What is a personal loan?

As the term suggests, it is a type of loan that is granted to potential individuals by banks or financial institutions so that they can fulfill their personal needs. Now, these needs include the renovation of a home, purchasing an expensive electronic appliance, or even planning a vacation. 

Moreover, this loan type is unsecured, which means that it is not backed by any collateral. Instead, it is totally based on the creditworthiness of the borrower and the ability to repay the loan. The loan amount, rate of interest, and repayment terms vary depending on the lender and the borrower’s creditworthiness. Interest rates of personal loan are pretty lucrative in our country.  

What are its advantages?

  • Flexible nature

These loans are versatile and enable the borrower to use them for any purpose. From consolidating debt, covering medical bills, financing an abode renovation to planning a dream holiday, the purpose can be flexible. In addition, unlike other forms of financing, such as home or car loans, personal loans don’t have any restrictions on how the amount can be used. 

  • Lower rate of interest

Personal loan interest rate is typically lower than credit cards or other unsecured debt. However, the rate of interest is totally based on certain factors, such as the credit score of the borrower, monthly income, and debt-to-income ratio.  

  • No collateral

This loan type is unsecured, meaning the potential borrower need not use any collateral to secure the loan. So, for those individuals who don’t want to risk losing their assets, this works as a significant relief. 

  • Credit Score Improvement

Availing this loan and making timely payments helps improve the credit score of the borrower. Keep in mind that payment history is one of the essential things in calculating the credit score, so making payments on time helps a borrower boost the score. 

How to apply for zero interest rates of personal loan?

In the current era of digitization, availing an interest-free loan is as easy as ordering groceries from your smartphone. Our first and foremost focus is to offer ease to all our potential customers. So, whether they are on our website or exploring our iOS/Android application, we make sure that the overall experience is immensely satisfying.

  1. Download the loan app from the Play Store/App store
  2. Sign up using your mobile number
  3. Add your personal details to check your credit limit
  4. Complete KYC and you are good to go!


In the Fintech industry, we are the pioneers that offer the zero interest rate for personal loan. Yes, you heard it right. So, if you are facing a financial crunch in your personal life, Stashfin is there for you! 


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