Stashfin on January 19, 2024
Think a personal loan is out of reach without income proof? Think again. Obtaining a personal loan without proof of income can sound challenging, as lenders typically want assurance of repayment ability. However, there are ways to improve your chances. Many lenders, such as StashFin, offer options for those with non-traditional sources of income. You could be self-employed, between jobs, or simply do not have that conventional salary slip and income documentation that lenders usually require. However, you still have an opportunity to access the money you need. Many financial institutions and alternative lending platforms today offer bespoke solutions for those who can demonstrate their creditworthiness in non-traditional ways. By leveraging your assets, showing a great credit history, or getting flexible lenders, you will still be able to unlock that personal loan even without standard income verification. What is a personal loan? A personal loan is an unsecured loan by which people can borrow funds from a bank, credit union, or online lender for personal use. It is not based on any collateral, like a house or car, but rather the creditworthiness and the ability to pay back. Here is how personal loans typically work: Fixed Loan Amount: You borrow a specific amount of money that comes to you as a principal sum that you receive for the fixed term. Rate of Interest: The interest rate for the loan may be fixed, or its rate may vary, affecting the monthly payment. Repayment Term: Personal loans typically have fixed repayment terms, ranging from a few months to several years, during which you pay back the loan in regular installments. Flexible Use: Unlike loans for specific purposes (for instance, a car loan or mortgage), personal loans are flexible and can be used for almost anything, for example, debt consolidation, medical bills, home renovation, holidays, or any other personal expenses. Things to Keep in Mind Before Applying for a Personal Loan Without a Salary Slip The following are some points you must keep in mind before applying for a personal loan without a salary slip. You may: 1. Apply for a Secured Loan If you have assets like property, a car, or fixed deposits, you can use these as collateral. Secured loans give lenders confidence, as they can recover funds if you default. A secured loan usually requires fewer documents than an unsecured loan. 2. Use an Alternate Income Source If you have investments, rental income, or a side business, these may qualify as alternate income. Some lenders will accept these sources for proof of ability to repay. Bank statements that reflect regular deposits can be useful. 3. Apply with a Co-applicant A co-applicant can be a spouse, parent, or sibling with a stable income. Income from him or her will ensure stability for the lender, and you are likely to receive good offers. 4. Have a Good Credit Score A good credit score can prove to the lenders that you are indeed a responsible borrower. If your credit history has been good in terms of repaying previous loans or credit cards, lenders could be more open to approving your loan even when you do not have proof of income. 5. Consider Peer-to-Peer (P2P) Lending P2P lending platforms often have less stringent documentation requirements. You can find many willing individuals to lend to you given other conditions, such as a good credit report other than proof of income. 6. Use a Guarantor If you do not have proof of income, a guarantor with a steady income can co-sign your loan. The guarantor takes responsibility if you default, giving the lender security in approving your loan. 7. Provide Bank Statements or Savings Proof If you have no documented source of income, some lenders consider bank statements that may indicate saving deposits or other forms of deposits. It shows the lender how much cushion you have when paying your loans. 8. Explore Instant Loan Apps Some apps provide instant loans with very minimal documentation. Check with platforms like StashFin, as it has simplified requirements and offers personal loans for self-employed with no proof of income. How to Apply for a Personal Loan Without Income Proof? To apply for a personal loan with no proof of income, you may do so on StashFin, which is one of the best lending platforms. Consider the points mentioned above and then follow these steps: 1. Prepare Your Documents: Gather essential documents, including your PAN card, Aadhaar card, address proof, and recent bank statements. Having these ready will streamline the application process. If you lack proof of income, you can consider applying for a loan at StashFin as it offers the best personal loan without income proof. 2. Access the Online Application Form: Go to the StashFin website, and under the Personal Loan section, you will find the application form. Enter all the basic personal and financial details as required. 3. Submit the Form and Check Eligibility: Once you complete the form, submit it to check your eligibility. StashFin will review your credit history and other factors to determine your loan eligibility. 4. Choose Loan Amount and Tenure: After eligibility confirmation, use the StashFin Personal Loan EMI calculator to decide on the loan amount and tenure that best fits your needs. This tool will help you estimate the monthly installment based on your selected amount and tenure. 5. Approval: After your loan has been approved, e-sign the loan agreement; the approved loan sum shall be disbursed to you within 5 minutes with SMS confirmation. What Documents Are Required for Non-income Individuals? One must have these documents to get a loan without proof of income. Address Proof (any one of Aadhaar Card/Voter ID/Passport/Driving License) Identification Proof ( PAN ID) Bank Statement ITR/GST Paper (in some cases) What are the Eligibility Criteria for Personal Loan? StashFin extends personal loans for self-employed with no proof of income who meet specific eligibility requirements: Age: Applicants must be 18 years or older. Nationality: The applicant should be an Indian citizen. Proof of Income or its…
When facing any critical illness like cancer, the last thing you want to worry about is finances. However, the diagnosis brings not only emotional challenges but also financial burdens. As the cost of cancer treatment continues to rise, the option that becomes more reliable and plays a critical role is a cancer insurance policy. It prepares you for life’s uncertainties and provides financial security during challenging times. In this blog, we’ll discuss the benefits of a cancer insurance plan and why Stashfin’s critical illness insurance can be the ideal solution. What is a Cancer Insurance Policy? Cancer insurance is a specialised health insurance that covers the costs associated with cancer treatment, including chemotherapy, surgery, and other medical expenses. Unlike other health insurance policies, which may have certain limitations, cancer insurance makes sure you have financial resources if diagnosed with cancer. The policy also covers non-medical expenses related to the disease, such as travel for treatments, child care, household bills, doctor appointments, pre- and post-hospitalisation care, and more. Following are some of the reasons stating the importance of cancer insurance policy: As mentioned above, the cost of cancer treatment is extremely high, and a reliable policy helps to cover the expenses related to the treatment. The insurance significantly gives financial protection during hard times. Cancer insurance gives peace of mind during the treatments, making sure you remain stress-free and won’t have to drain all of your savings. If you cannot work during the time of diagnosis, the insurance plans offer income replacement benefits to help cover living expenses. Benefits of Cancer Insurance Plans The best cancer insurance plans offer a wide range of benefits, making them a must-have to avoid stress during hard times. Here are some of them: Coverage of All Stages: A reliable cancer insurance plan covers all stages of diagnosis, from the early to the final stage. Some plans cover the cost of the second opinion taken by patients to ensure the best treatment. Lump-Sum Payment: Many insurance companies provide lump-sum payments that can cover any expense related to cancer treatment, be it medical, like chemotherapies or diagnoses, or non-medical expenses, like household expenses or child care. Tax Benefits: If you have paid a premium towards cancer insurance, you are eligible for a deduction under Section 80D of the Income Tax Act. Flexible Use of Funds: There is flexibility in how you use the funds, including hospital stays, treatments, home modifications and more related to the disease. Stashfin Critical Illness Insurance Since the cancer insurance policy only covers cancer treatment, Stashfin’s critical illness insurance goes beyond that and offers comprehensive protection against other critical diseases as well. Key features of Critical Insurance Policy Comprehensive Coverage: The policy covers critical illnesses, including cancer, kidney failure, nerve damage, organ/bone marrow transplant, heart surgery, stroke, paralysis, accidental death and permanent total disability. Coverage Amount: If you are diagnosed with any disease mentioned under Stashfin’s critical illness, the insurance will cover up to ₹1,00,000. Premiums: At a premium of ₹464, you can secure coverage for a period of 12 months. What’s covered? Stashfin’s best critical illness insurance provides coverage for various illnesses: Cancer of specified severity End-stage renal failure that requires dialysis Major organ/bone marrow transplant Multiple sclerosis with symptoms Open heart valve replacement or repair Open chest coronary artery bypass graft Stroke resulting in permanent symptoms Permanent paralysis of limbs First heart attack (Myocardial infarction) How do I apply for Stashfin’s critical insurance policy? Download Stashfin’s app via Google Play Store or App Store or apply on the website. After you sign in, select Critical Illness Insurance in the insurance section. Read all the details carefully. Complete the application process by updating all the details. Conclusion In today’s world, having cancer insurance is a valuable tool to help you protect yourself financially when diagnosed with cancer. Whether you are looking for a cancer insurance policy or any other health policy offering broader coverage, Stashfin’s critical illness insurance is the right choice. If you are looking for a policy that gives you peace of mind and protects you from financial burdens, then Stashfin is an excellent option.
Imagine you’re attending your favourite band or singer’s concert with friends and lost in the rhythm of live music. The concert season is here, and it’s the moment you’ll cherish forever. But what about the cost of concert tickets, food and accommodation? These are the expenses that are added to the total cost and may cause you to panic. Fortunately, the concert funding is not as daunting as it sounds. With Stashfin’s personal loans, you can manage all the expenses wisely without any stress and turn your musical dreams into reality. Costs Included to Attend Concerts While you must be excited to see your favourite artists perform live, here’s a quick overview of what you might need to make a budget for: Ticket Prices: First and foremost, the prices of the tickets depend on the artist's concert you’re attending, the venue, the type of seat you choose, whether front or back row and most importantly, how early you book. You should book the tickets as early as possible to get them at a reasonable price and minimise the cost. Travel Expenses: If the concert is not in your city, you need to make a travel costs budget and book tickets in advance. Accommodation: Now that you are planning to travel, you must also manage your stay in the respective city. Whether you’re considering a hotel or renting a place, the accommodation cost is also something to consider. Food: Concerts have food stalls that charge higher prices, and forgetting this area might be a mistake you don’t want to make. Merchandise: How can you miss your favourite band’s merchandise? It’s the memory that’s a bit pricy but lasts a lifetime. Why Choose Personal Loans to Manage Concert Expenses? When it comes to attending concerts, the costs added might break your bank. However, choosing a loan to pay expenses is a flexible option, and you can enjoy stress-free. Here’s why applying for unsecured or personal loans can be a wise choice: Instant Funds: Unsecured loans don’t require collateral, the documentation is primarily paperless and time-saving, and the funds get transferred quickly. Hence, you can get the tickets at a minimal cost without any delay. Flexibility: These loans allow you to spend the money per your plan and make a budget. Repayment Tenure: Platforms like Stashfin offer flexible repayment tenure. You can choose the time according to your current financial situation, which makes it easier to allocate the costs of attending the event. Fixed Interest Rates: Most personal loans have fixed interest rates, allowing you to repay the same amount every month. That’s how you can make a definite budget and follow accordingly. Preserve Your Savings: An unsecured loan helps you avoid using savings or emergency funds to cover concert expenses. You can even upgrade your seats, stay or extend your vacation, and make the most of the funds. Stashfin: Your Partner in Concert Funding At Stashfin, they understand the importance of these unforgettable experiences and offer instant personal loans. With Stashfin, you don’t have to worry about the expenses you make while attending your dream concerts. Following are the reasons why Stashfin is a perfect choice: The user-friendly platform helps in easy navigation, allowing you to personal loan apply with a few clicks. The straightforward application process helps in the quick disbursement of loan amounts, and you can make bookings without any delay. Choose the loan amount that suits your budget and the repayment tenure per the financial situation. The transparent terms and conditions prevent you from paying any extra charges. How do you apply for a personal loan through Stashfin? Download the app from the Play Store or App Store. Sign up using your mobile number. Check your credit limit by adding your details. Complete the KYC and proceed with the application. Once the documents are verified, you’ll get the amount in your bank account. Wrapping Up Don’t let the cost of expenses prevent you from attending your favourite artist's or band's concert and missing the experience of a lifetime. With Stashfin, you can apply for a personal loan, manage expenditures, and enjoy the event without worrying about the budget because, ultimately, the memories count the most. So, gear up and start planning your dream event today and let Stashfin be your funding partner.
Diwali, the Festival of Lights, is about spreading joy and happiness, making memories with family and friends, and spending a little extra. With the festivities around the corner, are you also worried about the expenditures? Well, you’re not alone! Whether buying gifts for family or renovating a home, the festivals quickly stretch the budget. But why let the financial worries dim your excitement? With the personal loan online instant approval, you can take care of all the expenses and celebrate Diwali in style! Let’s explore how personal loans are your best decision this festive season. What is a Personal Loan? Personal loans are unsecured loans that do not require collaterals, and the sum can be used for any purpose, making it a flexible financial tool. Unlike other loans, you can use personal loans for emergencies or planned needs like festive shopping or home renovation. Here’s why personal loans are an excellent choice for Diwali: You can apply for personal loans via online apps like Stashfin and get the disbursement in no time. Many platforms offer flexible repayment options to borrowers, making it easy for them to pay according to their financial situation. The funds can be used for various purposes, such as festive shopping or planning a dream vacation. Personal loans don’t require collateral, making it a stress-free option. Smart Ways to Use Personal Loans this Diwali Wondering how to use a personal loan amount for Diwali? Here are some of the smart ways to manage the expenses: Shopping: Festivals are all about shopping, whether for gifts or new clothes. A personal loan can efficiently be your shopping partner. Set a portion of the funds aside to buy thoughtful gifts for family and friends, making the festival extra special for everyone. Home Renovation: Diwali is when most of us think of upgrading our living spaces and creating new and lasting memories with loved ones. Hence, the funds can be used smartly to purchase new furniture or home decorations or even deep clean the house to add newness to the space. Big Purchases: Several brands offer the deals of a lifetime, especially on electronics, which makes them hard to resist. You can use the loan amount to purchase something you need and make the most of festive discounts without waiting for the next paycheck. Travel: Planning to visit your folks this festive season but worried about high ticket prices? Diwali is not joyfully celebrated unless your family and friends are there. A personal loan can used to plan the travel, book those tickets and make memories that will last a lifetime. Host Diwali Parties: If you are someone who loves to host Diwali parties or religious gatherings, a personal loan online instant approval from Stashfin can cover all the costs, and you can be stress-free throughout. Why Choose Personal Loans Over Credit Cards? With credit cards being a popular choice of users, a personal loan can be a great option, especially during Diwali: Lower Interest Rates: Personal loans have lower interest rates than credit cards, making them a smart option for reducing costs and using the money for festive shopping. Spending Limit: Credit cards generally have lower spending limits, which can be problematic when making big purchases during festivities. Repayment: Although users can choose the repayment schedule while taking personal loans, it can vary up to 60 months, and borrowers need to make fixed monthly payments. This helps users make budgets in advance and ensures they don’t fall into any debt cycle. Why Choose Stashfin for a Diwali Loan? Stashfin, India’s leading online lending platform, is known to offer loans instantly at competitive rates of interest. Our personal loan online instant approval makes sure that users get the funds as quickly as possible with minimal documentation and flexible repayment tenures, making it a hassle-free process. Here’s why Stashfin is the perfect personal loan provider: Users don’t have to worry about hidden charges as the platform offers transparent terms and conditions. Once the documents are verified, the funds get disbursed quickly to the borrower’s bank account. Users can choose the repayment period based on their current financial situation. With its user-friendly interface, the platform helps in easy navigation. How to apply for personal loan? Download the Stashfin app from the Google Play Store or App Store. Sign up using your mobile number. Add your details to check the credit limit. Complete KYC and apply for the loan. Once the documents are verified, the amount will be transferred to your bank account. Tips to Manage Diwali Expenses Wisely Now that you understand why an instant personal loan online is an excellent choice, it’s important to plan your festive expenditures carefully. The following tips will help you manage your finances wisely: Plan your expenses in advance to avoid overspending and create a budget. This will efficiently help you repay the sum in time and make the whole process stress-free. Make a list, prioritise the essentials, like house repairs or family needs, and allocate the budget accordingly. Look for the best deals and discounts offered by the brands during the festive season. This will help minimise expenditures when buying gifts or home decorations. Compare the lenders offering loans and choose the one with the best interest rates and transparent terms and conditions. Track your expenses and ensure you stay within your budget. Conclusion This Diwali, don’t let financial worries dampen your festive spirit. Personal loans can help you enjoy the festivities without stress and without compromising your financial health. Whether you’re planning to travel, renovate your home, or buy gifts, with the help of Stashfin, you can handle all the expenses without breaking the bank. Don’t forget to manage expenditures smartly, avoid overspending, and ensure you celebrate a joyful and memorable Diwali.
In today’s unexpected world, financial emergencies can occur anytime, especially when you least expect them. Whether it is for medical bills, urgent home renovation, or you are covering big personal milestones like a dream vacation or wedding. Instead of stressing over the budget, what if we tell you that there’s a way you can get money instantly with no hassle? That’s right! Stashfin is a leading platform that offers personal loan finance instantly and conveniently with flexible terms and conditions to ensure you not only spend the money but also manage to save it. So, how does Stashfin help you manage and save funds? Let’s find out! What are Stashfin Personal Loans? Stashfin, a digital personal loan app, offers easy and seamless access to quick funds, making it easy for those who need money urgently. Unlike traditional banks, Stashfin offers a 100% digital process through which borrowers can apply for a loan without hassle and with minimal to no paperwork from the comfort of their homes. Instant personal loan services provide an innovative solution to access funds with complete transparency. Key Features of Stashfin’s Personal Loans: Depending on the current need, you can borrow loans ranging from ₹ 1,000 to ₹ 5,00,000. With flexible repayment tenures ranging from 3 months to 36 months, you can choose the time you want to repay the loan amount based on your financial situation. The application process is quick and fully digital, includes minimal to no paperwork, and you can apply for the loan from anywhere and anytime. Advantages of Stashfin Personal Loans There are various reasons why Stashfin is the top choice of borrowers for personal loan finance. Here are some of its benefits: Instant Approval and Disbursement: Unlike the traditional method, Stashfin provides faster loan approval and disbursement of funds in your accounts without the hassle of waiting for days. Interest on Used Amount: This unique feature lets you pay interest on the amount you’ve drawn, not your overall credit limit. No Restrictions on Usage: You can use the funds however you want, for emergencies like medical or home renovations or planned situations like weddings, vacations or lifestyle improvement. Interest-Free Period: Our interest-free period states that you won't be charged any interest if you repay the loan within 30 days of its credit line. It becomes helpful for those who need money for a short period and can manage to return the amount. Transparency: Stashfin offers transparency when mentioning terms and conditions to the borrowers. There won’t be a scope of any hidden charges as everything will be mentioned on a prior basis. Competitive Interest Rates: Stashfin offers competitive interest on personal loans, making it stress-free for borrowers to apply for the funds without any extra financial burden. How Stashfin Personal Loans Help You Save Money? Apart from providing financial services, Stashfin's unique features directly help to save money. Here’s how: Avoid Credit Card Debt: Instead of using credit cards to make significant payments, you can apply for Stashfin’s loans. It’s a more affordable solution, and you’ll get the funds quickly and conveniently. Flexible Repayment Tenure: With flexible repayment tenure ranging between 3 to 36 months, you can choose the loan repayment time after analysing your current financial situation. Also, Stashfin does not charge you any prepayment fee for paying the loan early. Up to 30 Days Interest-Free: If you are seeking a short-term loan, Stashfin offers a unique feature where you'll save the interest cost if you repay the borrowed amount in 30 days. This helps you manage your expenses and repay them without any financial burden. Rate of Interest: Stashfin offers a competitive rate of interest on personal loans, so you are not overburdened with extra costs. To save more money, you can choose a shorter repayment period and reduce the interest paid over the life of the loan. How to Apply for a Stashfin Personal Loan? Thanks to Stashfin’s user-friendly interface and its 100% digital platform, the loan application is incredibly simple and quick. Follow the below steps to apply: Start by downloading Stashfin’s personal loan app, available on both Google Play Store and App Store. The next step is to sign up using your mobile number. To check the credit limit, add your personal details. Upload the documents and complete the KYC verification. Once your details are reviewed and verified, the loan amount will be directly disbursed to your bank account. Conclusion Stashfin personal loans offer a convenient and affordable solution for financial needs. From quick applications to transparent terms and conditions to the 30-day interest-free period, Stashfin makes it easy to access funds whenever needed. Features like flexible repayment tenure, zero prepayment charges, and competitive interest on personal loans help save money and make the whole process stress-free. So don’t wait any longer. Download the app and experience a more innovative way to manage and save your finances.
Gone are the days when applying for personal loans was tedious and involved a lot of paperwork. With the rise of technology, online platforms have made it more accessible and convenient for people to get personal loans quickly. But when it comes to taking out a loan, we all are most concerned about the rate of interest. In 2024, several loan apps offer low-interest personal loans online. This makes borrowing more affordable and eases the financial burden on the borrower. Whether you need a loan for an emergency or are planning a big purchase, choosing a personal loan with low interest rates is considered a reliable option. In this blog, we’ll explore the top 6 loan apps, focus on interest rates, key features and some tips that’ll help you make the right decision. Understanding Personal Loan Interest Rates Before learning about the platforms, let's discuss interest rates, why they matter, and basic eligibility for personal loans. A personal loan interest rate refers to the extra money you’ll pay on top of the borrowed amount. Lower interest rates mean lower monthly payments and overall repayments, making managing your finances more manageable. Key features of personal loan apps: Several apps offer convenient application procedures with fast disbursement of funds. With the online processing of loans, the documentation includes minimal to no paperwork. You can choose the repayment tenure based on your current financial situation. Many online providers charge fewer processing fees and have transparent terms and conditions. Factors affecting interest rates: A higher credit score (700-900) generally leads to lower interest on personal loans. A stable, high-income job also impresses the lender, and the lender may offer better rates. The rate may vary depending on the amount you’re borrowing. Basic eligibility for personal loan application: The minimum age should be 21 years for salaried and 23 years for a self-employed individual. Should either be a salaried employee or a self-employed individual. Must have valid documents like PAN and Aadhar Card. Top 6 Loan Apps Offering the Lower Interest Rates Let’s explore the top 6 online loan applications that offer competitive interest rates. Stashfin Stashfin is one of the leading online platforms offering several financial services, including personal loans. We stand out as the best choice among borrowers because we offer transparent terms and conditions, a fast application process, and a competitive personal loan interest rate. Key Features: Interest rates start as low as 11.99% on the amount you draw. The credit limit is up to ₹ 5,00,000. Offers flexible repayment tenure of up to 36 months. The application process is quick and 100% digital. Safe and secure app with quick customer support. Best for: Individuals looking for personal loans at low interest rates, transparent terms and flexible repayment options. KreditBee It’s a loan application that offers both personal and flexi loans for both salaried and self-employed individuals. It mainly caters to young professionals and provides a hassle-free process. Key Features: The loan amount ranges from ₹ 1,000 to ₹ 5,00,000. Interest rates start from 17% to 29.95% per annum. Offers flexible repayment tenure of up to 36 months. Claims to disburse the loan in 10 minutes. Best for: Someone looking for quick emergency loan disbursement with a flexible repayment structure. MoneyTap MoneyTap is a lender that offers a unique service and allows borrowers to pay interest only on the funds they’ve used rather than the amount that’s been approved. Key Features: Users can borrow up to ₹ 5,00,000 with no collateral required. Interest rates start at 13% per annum. Repayment tenure offered is up to 36 months. Safe app offering fast online support Best for: Borrowers looking for a safe app and want to pay interest for the loan amount they’ve used. CASHe The online digital platform that focuses on providing personal loans to young salaried professionals. It offers a seamless and quick application process with minimal documentation. Key Features: The loan amount ranges from ₹ 1,000 and goes up to ₹ 4,00,000. Interest rates are charged per tenure from 2.25% to 2.50% monthly. Repayment tenure from 3 months to 1.5 years. Has a user-friendly interface and offers transparent terms. Best for: Young professionals looking for quick loan approvals. PaySense The instant loan app offers loans to borrowers without having a credit history. It provides quick approvals on personal loans with paperless documentation and affordable EMI plans. Key Features: Get instant loans from ₹ 5,000 to ₹ 5,00,000. Interest rates range from 16% to 36% annually. Offers one-click personal loans Best for: First-time borrowers with zero credit history looking for paperless quick loan disbursements. Fibe (Formerly EarlySalary) Fibe offers accessible loan applications with competitive rates and has a 100% digital process. It provides flexible repayment options with zero foreclosure fees, making it convenient for borrowers. Key Features: Loan amount from ₹ 5,000 to ₹ 5,00,000. Interest rates start at 16% per annum. Flexible repayment tenure of up to 36 months. Best for: Individuals looking for a 100% digital process and need flexibility in repayment tenure. How to Choose the Right App? With so many online platforms available offering competitive personal loan interest rates, choose the one by following the below tips: Compare interest rates charged by online lenders. Make sure you meet the eligibility criteria of the platform you choose. Opt for a lender that provides flexible repayment options with transparent terms and conditions. Read the reviews and get insights into the app’s reliability and customer service. Final Thoughts Choosing the right loan app that offers low-interest personal loans online has become more convenient than ever. After carefully considering all the above factors, pick the one that suits you best. Whether you are a first-time borrower or not, remember to borrow responsibly, repay in the required time, and maintain a healthy credit score.
With the rise of global warming, the shift towards electric vehicles is no longer a trend but a necessity for a green and sustainable future. With the market share increasing from 21% in FY23 to 35% in FY24 and about to reach 49% in Q1 FY25, it’s clear that OLA Electric Bikes are the future of personal transportation. However, this innovation comes at a cost, and owning an electric bike might require a smart financing plan. Fortunately, Stashfin’s instant credit loan can help you own that dream bike without the financial burden. In this blog, we’ll explore why opting for an OLA Electric Bike is the smart choice, the reasons to finance it, and how the Stashfin instant loan can make it easier to ride green. Why Opt for an OLA Electric Bike? With its gaining popularity, OLA Electric has undoubtedly become a leading brand in the industry. Here are some reasons why the electric bike by OLA may be perfect for you: OLA Electric Bikes are eco-friendly with zero emissions, creating a cleaner and healthier environment. Electricity is usually more cost-efficient than petrol. However, electric bikes save fuel costs. The bikes come with sleek design and smart features, an attractive option for youngsters. OLA Electric Bikes are easy to ride and require minimal maintenance. Reasons to Finance Electric Bikes While OLA Electric Bikes are considered a futuristic investment, they can be a bit pricier, and that’s where financing options like instant credit loans can make a big difference. Here’s why financing the bike makes sense: Financing helps to spread out the cost, and you can easily manage the monthly budget. Start riding the bike without waiting to save and cover the total amount. With smart financing, you don’t have to drain your savings or funds in one go. With EMI instant loans, you can cater to your other financial needs. Financing Your OLA Electric Bike with Stashfin At Stashfin, it is convenient to finance your dream electric bike. The instant loan offer provides flexible repayment options, minimal to no documentation, transparent terms and gets approved quickly with no hassle. Benefits of Choosing Stashfin Stashfin offers competitive interest rates, ensuring you don’t overpay. Transparent terms and conditions make sure the borrower is not doubtful of any hidden charges. The app helps to track your loan payments, EMIs and more. The minimal documentation and quick verification help in faster disbursement of funds. With a user-friendly interface, you can easily apply for an instant credit loan. Why is Stashfin the Right Choice? The application process is 100% digital, ensuring the borrowers don’t have to visit a physical branch or deal with lengthy paperwork. With excellent customer service and reviews, Stashfin is trusted by many for quick loans. Stashfin’s flexible repayment option will help you make a budget and choose a tenure suitable for your current financial situation. How Do You Apply for an Instant Credit Loan via the Stashfin App? Download the Stashfin application through the Google Play Store or App Store. Sign up with your mobile number. Add your personal details and check the credit limit. Complete the KYC. Once the verification of documents is completed, the loan amount will be transferred to your bank account. Additional Tips for Financing OLA Electric Bike If you are thinking of getting a loan for your OLA Electric Bike, read the following tips to make the journey seamless: Before applying for a loan, get a clear idea of monthly payments and use EMI calculators available online. Do your research on the potential lenders available in your area, compare the interest rates and the terms and conditions, and choose the best option. Keep an eye on special deals or offers that can reduce monthly payments and may offer cashback. Make a budget and choose the repayment tenure that best suits your financial situation. If you have an impressive credit score (700 to 900), it might be possible that a lender can offer you an instant credit loan at a lower interest rate. Conclusion From being a great eco-friendly travel option to having a sleek design and advanced technology, an OLA Electric Bike proves to be a wise investment choice for the future. Stashfin’s loan offers make the application process convenient with quick approvals, transparent terms and conditions, flexible repayment tenures and competitive interest rates. So don’t let finances hold you back. Apply now for Stashfin’s instant loan offer and be part of the future of transportation.
The festive season is right around the corner, and it's time to celebrate with your loved ones, go shopping, and, most importantly, make memories. However, your budget may feel a little stretched due to the added expenses. From gifts to home renovations, if you are seeking a quick and reliable solution to handle all the extra expenses, then a personal loan can provide you with the financial support to achieve your dreams. Let’s explore why instant loans are a perfect choice for you and what tips you can use to get a loan conveniently during the festive season. What is a Personal Loan? A type of unsecured loan that can be used for various purposes, personal loans help with a number of different expenses, whether they are urgent or planned, including home renovations, purchasing a car, and even travel. This is because, unlike other types of loans, you don’t need to provide any collateral to secure this loan, and you can get approval within just a few hours. Since the loan offers unmatched flexibility and choice on where and how it can be spent, it is considered the best choice to access funds during festive seasons. What are the Benefits of Personal Loans? Check out the following reasons and know why this type of loan can be a great choice for you during festivities: Online personal loans offered by lenders such as Stashfin get instant approvals, meaning they are excellent during emergencies as you can easily apply for a loan and get access to the funds in your account within hours. These loans can be utilised for any purpose, thus making them valuable tools for achieving your dreams. The repayment tenures are flexible, allowing you to comfortably repay the loans in equated monthly instalments or EMIs based on your earnings. With online apps, the application process has become simple and can be done from your home. The entire process is typically transparent, with no hidden charges or confusing terms and conditions. Stashfin: Your Trusted Partner for Personal Loan Stashfin is a leading financial services platform which offers seamless products like quick personal loans. It’s a digital platform that provides affordable and transparent financial products to millions and is committed to helping you achieve your goals. Why Choose Stashfin? With minimal documentation, it provides fast and easy approvals. You can choose the repayment terms as per your situation. The funds are transferred to your bank account in minimal time. To make it more convenient and seamless, you can apply through the Stashfin app. How Do You Apply for a Personal Loan with Stashfin? The application process with Stashfin is quite simple. By following the 5 steps, you can get the funds: Visit the Stashfin website or download the app. Enter all the necessary information, including income, contact details, etc. Upload documents like proof of identity, income and address. After verification, you’ll get an approval notification. You’ll get the loan amount in your bank account. Eligibility Criteria To avail of fast and easy loans, make sure to meet the following eligibility criteria: Should be an Indian citizen Must be above 18 years of age Must have proof of current employment (with at least ₹15,000 as monthly salary) Should have a bank account Valid identity and address proof like PAN and Aadhar card Tips to Get Personal Loan Easily During Festive Season Here are some tips to help you secure a personal loan quickly and easily during this festive season: Check the eligibility criteria beforehand and ensure you meet the necessary requirements. Keep the necessary documents like ID, income and address proof handy. Create a budget, check your financial situation and plan your repayment period before applying. Ensure that you provide accurate and complete information when applying for the loan. Make sure to have a good credit score to increase your chances of quick approval. Conclusion The festivals are meant to be enjoyed with your friends and family, and financial concerns shouldn't hold you back. An online personal loan is the best solution to make your celebrations extra special and enjoy without any stress. With simple online applications, instant approvals, and no hidden charges, financial apps like Stashfin ensure you manage your expenses seamlessly. Apply for a loan today and celebrate without any financial worries.
The Employee Provident Fund (EPF) is a scheme introduced by the Government of India to help salaried employees build financial support for when they retire. Both the employer and the employee contribute a sum to the employee's PF as per the CTC. When planning long-term financial goals, keeping track of the EPF balance becomes essential. Fortunately, checking the balance in today’s digital era has become quick and convenient. This guide will help you explore the methods to check your EPF balance online and offline, ensuring you can access your savings whenever possible. What is EPF Balance? The total amount of money saved in your EPF account, contributed by the employer and a fraction of your salary, along with interest. Here are some key points you should know before learning more about EPF: The interest rate for the financial year 2023-2024 is 8.25%, calculated monthly but deposited annually. The interest rate is declared after every financial year. While employers contribute 12% (8.33% goes to the Employee Pension Scheme Account and 3.67% to the employee’s EPF account), employees contribute 12% of their salary, and they can choose to make it 100%. If no transaction occurs in 36 months, the account will become inactive. EPF balance of up to ₹2.5 lakhs in a year remains tax-free. How To Check EPF Balance? Following are the several ways to check EPF balance offline and online: EPFO Portal If users are looking for an online mode, visiting the official EPFO website is one prime method. Employees can visit the official website of EPF India to check their PF balance or access the passbook. However, the UAN number must be activated. Follow the following steps once your UAN is activated: Visit the official EPFO website, go to the ‘Services’ tab, and click ‘For Employees’. Next, click ‘Member Passbook’ under the ‘Services’ section. Login with the credentials (UAN, password and captcha details). From there, you can check your EPF balance and get access to the passbook. UMANG App UMANG is the new-gen online mobile application launched by the Government of India. It allows employees to check their PF balance, track their claims, and raise them at their fingertips. The application is available on the Play Store and the App Store. Here are the steps to check EPF balance via the UMANG app: Start by downloading the app from the Google Play Store or App Store. After choosing your preferred language, verify your EPF mobile number. Click on the ‘Services’ option at the bottom. In ‘All Sevices’, search and select the EPFO from a list of options. Go to the ‘View Passbook’ section. Enter the UAN and OTP and submit them afterwards. You’ll get your EPF passbook with the balance. Missed Call Service In the offline mode, employees can check the status of their EPF balance by making a missed call to 9966044425 from their registered mobile number. To use the service, here are the following requirements: UAN must be activated. The mobile number should be registered with UAN. UAN must be linked with PAN, Aadhar or bank account. When you click on the number, it will disconnect after two rings, and you’ll get the PF balance. SMS Service After activating the UAN, the employees can check their PF balance via SMS using the registered mobile number. To check the PF balance through SMS, you have to: Send a text message to 7738299899 from the registered mobile number. The SMS format should be EPFOHO UAN HIN, where ‘HIN’ is the language code. The SMS facility is available in 10 languages: English (Default) Hindi (HIN) Bengali (BEN) Punjabi (PUN) Gujarati (GUJ) Marathi (MAR) Kannada (KAN) Telugu (TEL) Tamil (TAM) Malayalam (MAL) The SMS you’ll receive contains PF contributions, balance details, and available KYC information. Check EPF Balance Without Registered Mobile Number In case you don’t have access to the registered mobile number, you can still check the PF balance by following the below steps: Visit the PF Passbook official website. Login using your UAN and password. After that, click on the PF account you want to check. Proceed by clicking on ‘PF Passbook Old’. You can now check the status of your PF balance, including your employee and employer contributions. If you can’t check the balance through online and offline mode, you can even contact your employer. How To Withdraw EPF Balance? If you are thinking of withdrawing your PF amount, here’s what you can do: Visit the UAN Portal and log in using your UAN and password. Click on the tab ‘Manage’ and select the ‘KYC’ option for the verification. After verification, go to the tab ‘Online Services’ and click on ‘Claim (Form - 31, 19, 10C and 10D). Next, you have to enter your bank account information and verify. To sign the certificate of undertaking, click on ‘Yes’ and then ‘Proceed for Online Claim’. Choose the type of claim, whether a full EPF settlement, EPF part withdrawal, or pension withdrawal. Select ‘PF Advance (Form 31)’ to withdraw the amount. Mention the purpose of the advance with the address and amount. Click the certificate and submit the application. Points to Remember To start with either checking the balance or withdrawal, make sure of the following points: UAN is linked with KYC details (Aadhar, PAN, or bank account). Always keep your UAN and password safe. Keep a check of the PF balance to make sure the contributions are being made correctly. Registered mobile number should be up to date to use services like SMS and missed calls to check the balance. Conclusion With multiple online (UMANG App and EPFO Portal) and offline (SMS and Missed Call) services, it has become easy for employees to check their PF balances whenever they want. Ensure that you keep an eye on your savings to be financially prepared for the future. In emergencies or any other situation where you need funds quickly, you can always opt for an online cash loan via the trustworthy platform Stashfin. It’s the most reliable and popular platform that…