Planning to avail a personal loan? Well, life can be unexpected at several stages and tends to throw arrows at you. Sometimes, these sharp arrows come in the form of urgent financial needs. This is where we step into the game and ensure that no individual faces any financial issue. Whether it's a sudden vehicle breakdown, a long pending bill payment or a much-needed refurbishment of your space, all you need to do is download the Stashfin app on your smartphone. Today, in this blog, we'll understand everything about such loan facilities in India. What is a short-term personal loan? What are its top advantages? As the name implies, it is a quick financial solution designed to bridge temporary cash flow gaps. Unlike traditional personal loans, which have repayment periods that last for many years, such loans are meant to be repaid within a shorter time frame, which is 36 months when you choose us. Also, the Personal Loan Interest Rate is quite lucrative, pulling more and more individuals towards this facility. Moreover, you need not worry about putting down any valuable assets while availing of such facilities as they are totally based on your creditworthiness and income. No Collateral required The top advantage of such loans is that they don't require any collateral. This means that you don't have to pledge any of your valuable assets, and they are safe at all times. Super Easy There is no need to leave your comfort zone and go anywhere. Just download our application on your smartphone, and you are good to go. Once you apply for Low Interest Personal Loan Online at Stashfin, which offers the best loan, you save time and energy. CIBIL score improvement and enhancement Once you have taken advantage of this facility, make sure that you pay it off on time. Moreover, even before taking advantage of it, ensure you have a proper action plan in mind. This will enable you to improve your ongoing credit score, showcasing you as a responsible borrower. Fixed Monthly Payments Such loans come with a fixed and predetermined repayment schedule. This means you'll have a set monthly payment amount throughout the tenure. The overall feasibility of this plus point helps the borrower know how much they have to shell out every month out of your pocket. Zero Percent Interest Rate At Stashfin, you get this facility without any rate of interest On Personal Loan. This means that you have to pay us back the exact amount you borrowed from us initially. How to avail loan from Stashfin? Our application is available on both Android as well as iOS. You can even explore our official website and apply for the same. Once you have applied and your application is approved, the amount will be credited to your account within no time. Here is a step-by-step guide: Download the app from the Play Store/App Store Sign up using your mobile number Add your personal details to check your credit limit Complete KYC, and you will be good to go! With just four easy steps, you can apply for Personal Loan India using our application. Personal loan eligibility checklist Aadhaar Card PAN Card Last six months complete bank statements Indian Citizen residing in India Age above 18 Current Employment proof Monthly salary of Rs 15,000/- Bank Account Valid Identity Address Proof Final thoughts Such loans offer quick financial relief for unexpected needs and are quite trending these days. If you are planning to avail financial assistance, this is the best method to do so! So, what are you waiting for? Download our Best Loan App In India now.
Drowning in debt? It can feel quite overwhelming like being stuck in a never-ending cycle of minimum payments and unnecessary mounting interest. In our country, with various loan options available, it's pretty easy to fall into a debt trap. However, this is where an online fast loan steps into the game. We at Stashfin offer such a facility without much hassle and in quite an easy way. For those who are not aware, this type of loan facility can be a powerful tool used strategically to break free and achieve financial stability. Today, in this blog, let's understand everything about such loans for debt consolidation, outlining effective strategies and offering valuable tips. What is a personal loan? Why are more and more people inclined towards it? As the name suggests, it is a type of loan that can be used for personal objectives and goals. This means that one can easily use this facility to fund a dream vacation, purchase the latest smartphone, or, most importantly, consolidate debt. Furthermore, these loans are unsecured and don't require any collateral. Therefore, they are totally dependent on the creditworthiness and the ability of the potential borrower to repay. No interest rate When you join hands with Stashfin, you need not worry about any kind of interest. This means that you have to pay us back the exact amount you initially borrowed from us. This is because we don't charge any Interest On Personal Loan amount. Flexible Repayment These loans come with a flexible repayment schedule of up to 36 months. So, you as a borrower need not worry and hurry and just need to plan things in a very proper manner so that the loan amount is paid in time. Enhanced Credit Score Once you pay the loan back on time without any delay, you'll witness a positive impact on your credit score. This happens as financial institutions become aware that the borrower is responsible and not a threat. Escaping a Debt Trap Using a Personal Loan: Strategies and Tips Know your existing debts Before you apply personal loan, keep in mind to know all about your existing debts. Create a proper detailed list that includes a credit card or any other kind of pending bill. Further, take note of the amount you owe, the annual percentage rate charged on the debt etc,. This gives you a clear picture of your overall debt! Proper budgeting A well-crafted and planned budget is your roadmap to debt freedom. Track your expenses and identify areas where you can cut back easily. The pro tip here is to allocate a small portion of your savings for unexpected expenses. Every Repayment matters Consistency is the key! Ensure that you are consistent when it comes to paying back the personal loan finance repayment amount. You can easily set up automatic payments and avoid missed payments and late fees. Furthermore, despite getting access to extra funds, you can stick to your budget and prioritize only eliminating your debt. Why Stashfin? One of India's leading platforms for personal loans, you can simply download our application via the Play Store (Android) or the App Store (iOS) or even explore our website. We don't charge any Interest On Personal Loan amount (T&C apply), and one can easily avail of this facility without any hassle. Once your application is approved, the amount will be credited to your account within no time. Final thoughts A debt trap requires a very strategic approach, and this type of loan can be the key to your financial freedom. By using the tips mentioned above and tricks, you'll be well on your way. Looking for a Small Loan Apply Online? Download our application now!
Suppose you have ever availed a personal loan or are planning for the lowest interest rate on personal loan to fulfill personal expenses. In that case, you might be well aware of how economic factors play a crucial role here. Well, the whole ecosphere of this financial segment is entirely dependent on the economy of the country and can fluctuate accordingly. However, we at Stashfin ensure that all our borrowers face no hassle while availing such loans. We offer the same at no interest rate meaning the borrowers have to pay back the same amount they’ll be availing from us via our application or official website. What is a personal loan? It is a loan type that individuals can easily borrow from a bank or an online lender in order to meet their personal financial needs. Unlike specific-purpose loans like a home or car loan, this loan can be used for various purposes, such as consolidating debt, covering medical expenses, financing an event/wedding, or making any home improvements. This loan is usually unsecured, meaning they don’t require collateral. Instead, the lender evaluates the creditworthiness of the borrower based on certain factors like credit history, income, employment stability, and debt-to-income ratio. The amount of loan and the rate of interest offered depend on these factors, with borrowers having to repay the loan in fixed monthly installments over a predetermined period, usually ranging from one to seven years. What is a personal loan interest rate? It basically refers to the cost of borrowing money via a personal loan, expressed as a percentage of the loan amount. The rate of interest represents the additional amount that borrowers will need to repay on top of the principal loan amount. Keep in mind that the interest on such loans can vary widely depending on several factors. These factors include certain factors mentioned above, and the creditworthiness of the borrower plays quite a significant role in determining the rate of interest. How Economic Factors Affect Personal Loan Interest Rate? Inflation The first and foremost factor that affects Personal Loan Interest Rate is inflation. It is the rate at which the general level of prices for goods as well as services rises. Remember that higher inflation can lead to higher interest rates to compensate for the decreased value of money over time. Economic Growth Economic growth and stability can influence the interest on personal loan. This is because, during periods of robust economic growth, lenders may offer lower interest rates to stimulate borrowing and spending. On the other hand, in contrast, during economic downturns, lenders may raise interest rates in order to account for higher risks. Market Conditions Economic factors also impact the overall credit market conditions, including supply as well as demand for loans. If lenders perceive higher risks in the market due to economic instability, they may increase interest rates in order to compensate for the potential default risks. Conclusion If you are looking for a low interest personal loan online, Stashfin is the right place for you. Just a few easy steps, and you are more than good to go. So, what are you waiting for?