Tag Archives: Personal Loan App

Availing of a personal loan via a personal loan app is one of the simplest things one can do in the current era to avail of emergency funds. Instead of asking a friend or relative, this is a much better option. Stashfin ensures that the potential borrower faces no hassle and avails personal loan funds conveniently. Our application is user-friendly, and one can get the application approved within no time.  What is a personal loan? As the name says, a personal loan is a type of loan that potential individuals can borrow from a recognized financial institution such as a bank or online lender in order to fulfil personal financial needs.  Unlike car or home loans that can be used only for a specific purpose for obvious reasons, this type of loan can be used for a wide range of purposes. These are debt consolidation, home improvement, education expenses, medical bills, or a family vacation.  What are its pros? Flexible These loans are generally versatile in nature and can be used for a wide range of purposes. This means that it provides the borrowers with the flexibility to address various financial needs, as mentioned above.  No Collateral Most of these loan types that are availed from an instant loan app are unsecured, meaning they do not require any collateral. This ultimately eliminates the risk of losing an asset, such as a car or house, if, by any chance, the borrower defaults on the loan.  Fixed Rate of Interest Many such loans have fixed rates of interest throughout the loan tenure. This allows the borrowers to budget and plan their repayment without worrying about fluctuations in interest rates.  Improving Credit Scores Successfully managing and repaying a personal loan can positively impact credit scores. Basically, making timely payments demonstrates responsible financial behaviour, which may lead to improved creditworthiness.  Instant Access Mostly, people avail this type of loan as they are in need of instant funds. So, once they apply, the application is approved quickly, and funds are credited within no time.  How does the instant personal loan disbursal process work? The whole process of loan disbursal includes the below mentioned six steps:  Online Application Potential borrowers apply for personal loan via an application provided by the lender. It requires filling out personal information, income details and providing necessary documents.  Verification The lender verifies the borrower's identity and conducts a credit check to assess their creditworthiness. This process may involve validating personal information, reviewing credit history and assessing the borrower's ability to repay the loan.  Approval If the potential borrower meets the lender's eligibility criteria and passes the credit assessment, the application is approved. However, the lender is only capable of determining the loan amount, rate of interest, repayment term etc.  Acceptance of T&C Once the loan is approved, the borrower receives the loan offer with all the terms and conditions. Then, they review it and accept it at their convenience.  Fund Disbursal After accepting the loan offer, the lender initiates the disbursal process. In case of availing an immediately personal loan, the amount is electronically to the borrower's bank account within a short period, often within a few hours or even minutes.  Loan repayment The final step is the borrower's responsibility for repaying the loan according to the agreed repayment schedule. This involves making regular monthly payments that include both the principal as well as interest.  Conclusion If you are looking for a personal loan, you just read the right article. However, keep in mind your needs following, which apply at our website or download our loan app from Play Store/App Store.

The days when you actually had to travel to a nearby financial institution to avail of such a loan are way behind. Now, it’s just you and your internet-enabled smartphone. Stashfin, a personal loan app, ensures you don’t need to get out of your zone, and everything can be quickly sorted easily.  From consolidating debt, covering unexpected medical expenses, financing an event/wedding, making home renovations, to taking vacations, these types of loans can be used for any flexible purpose. What is a personal loan? As the term implies, it is a loan type that individuals can borrow from a financial institution to meet their personal financial needs. Unlike specific car or home loans that bound the borrower to use them for a particular purpose online, personal loans are generally unsecured, which means they don’t require collateral.  When you, as a potential borrower, apply for this loan, you receive a lump sum amount and agree to repay it over a fixed tenure in regular monthly installments. The repayment terms here include an interest rate, which is the cost you pay for borrowing the money, and may also involve fees or even additional charges.  Remember that the interest rate you qualify for depends on factors such as credit score, income, employment history, and the lender’s policies.  What are the key factors affecting your personal loan interest rate? Credit Score Your credit score is a significant factor that lenders consider when determining your rate of interest for the loan. The higher the score, the lower the interest rate. The lenders typically offer more favorable rates to borrowers with excellent credit score.  Income and Debt-to-Income Ratio The lender will assess your income level and the debt-to-income ratio (DTI) to gauge your ability to repay the loan. Therefore, a higher income and a lower DTI is a sign of low risk for the lender, which may lead to a lower interest rate.  Employment Another major factor is the borrower’s stable employment history and consistent income source. This positively impacts the interest rate simply by indicating a lower risk of default.  Loan amount and tenure The amount of the instant personal loan and repayment tenure can also influence the interest rate on your loan. Usually, the larger the loan amounts or longer repayment terms may attract a higher interest rate due to the increased risk for the lender.  Market State of the economy, inflation rates as well as the central bank’s monetary policies are part of the broader market conditions, and these can also impact the interest rates. So, borrowers may benefit from more favorable rates when interest rates are generally low.  Lender’s Policies Each lender has their own set of policies and risk assessment criteria, which can vary too. Different lenders may consider different factors and weight them differently when determining your interest rate. Don’t forget to compare offers from multiple lenders to find the most favorable terms for your circumstances.  How to avail a low interest personal loan online from Stashfin? Now, as a potential borrower, you can go through our website or even download our loan application which is available both for iOS as well as Android devices. We keep in mind to offer loans with the utmost convenience to the borrowers so they don’t face any hassle.  Download the app Sign up  Add details to check credit limit Complete KYC

If you are looking for a personal loan, then you are on the right track. Starting from the application to disbursement, we are here for you to offer you the best. Our personal loan app, which is available on both Play Store and App Store, is super easy to use and much more convenient than any other competitors out there. Moreover, personal loans have become quite a necessity in the current era. Therefore, to fulfill certain personal needs, this has recently become one of the most sought-after options among potential borrowers. What is a personal loan? It is an unsecured loan that can be used for any personal purpose, such as paying for a significant expense, consolidating debt, or making home improvements. This loan, which is typically offered by financial institutions, banks, and credit unions, requires a good credit score and a steady income.  When it comes to the interest rate, it varies as per your credit score, the amount you borrow as well as the loan term. However, they typically have a fixed rate of interest and a fixed repayment period. This means the monthly payments remain the same for the entire loan.  What are some tips to improve personal loan application? Check and improve your credit score Your credit score plays a big role in loan approvals and rate of interest. Review your credit report for any errors and take steps to improve it further. This can be done by paying bills on time, reducing credit card balances, and avoiding new credit applications.  Determine loan amount and purpose Before you initiate a personal loan apply, ensure that you establish a clear understanding of the amount you need and how you plan to use the funds. The lender may ask about the purpose, and having a plan in your mind can demonstrate responsibility.  Minimize ongoing debt Lenders assess your debt-to-income ratio while evaluating your application for the loan. So, reducing your ongoing debt burden, such as credit card balances or any outstanding loans, helps in improving the chances of approval.  Financial Stability Demonstrating financial stability increases your value in front of lenders. So, therefore, maintain a healthy bank balance, showcase consistent savings, and avoid any risky financial behavior that may raise concerns.  Compare lenders and loan options Remember to research and compare multiple lenders to find the best rate of interest, terms, and loan options that suit your needs. Look beyond the traditional banks and consider credit unions and online lenders as well.  How to avail a personal loan? Availing a personal loan is not a hassle anymore nowadays. Stashfin, one of the most downloaded personal loan app, ensures that the customers, as well as potential customers, don’t face any hassle.  Download the app Sign up using your mobile number Add your details to check your credit limit Complete KYC and you are good to go!

If you are looking for instant funds, an online personal loan is one of the best facilities you can avail in the current times. With easy access to the internet, things have become more accessible and convenient. Therefore, we at Stashfin have only one motive in mind, to offer feasibility and convenience to all its customers as well as potential customers. Along with our official website, if you are looking for such a loan, you can also download our application from Play Store or App Store as per your device.  What is a personal loan? It is a type of loan that individuals can borrow from a financial institution to meet their personal financial needs. Unlike a car or home loan, where the borrower is bound to use the money for a specific purpose only, this type of loan is quite flexible and can be used for any purpose. This includes consolidating debt, paying for medical expenses, financing an event/wedding, or even taking a vacation.  These loans are typically unsecured in nature, which basically means that they are not backed by collateral like a car or house. Instead, lenders evaluate the borrower’s creditworthiness based on certain factors such as credit history, income, debt-to-income ratio and employment stability. As a result, the rate of interest and terms offered to an individual are often based on their creditworthiness, with borrowers having better credit usually receiving more favourable terms.  What are the 5 things you should not do to get personal loan? Miss or Delay Payments Avoid late payments or defaulting on your existing debts, such as bills, ongoing loans or credit cards. This is because lenders consider your payment history as an indicator of your ability to repay debt. Therefore, a consistent record of timely payments clearly demonstrates financial responsibility.  Apply for Multiple Loans Applying for many loan applications within a short span of time can definitely impact your credit score in a negative way. So, it is essential to first research lenders and compares every factor before applying.  Inaccurate information Providing wrong and inaccurate information about yourself can lead to severe consequences. Therefore, be truthful and accurate about every information when you apply personal loan. Details include income, employment status, financial obligations etc.  Max Out Credit Cards Running up high balances on your credit cards also increases your credit utilization ratio. This measures the amount of credit you use compared to your total available credit. Lenders prefer borrowers with a low credit utilization ratio, so make sure that you avoid maxing out your credit cards before applying for the loan.  Make Major Credit Changes Before applying for a loan, avoiding making significant credit changes, such as opening or closing credit accounts, is advisable. This is because it affects your credit score and raises certain concerns for lenders.  In order to avail loan from Stashfin, a personal loan app, you, as a potential borrower, just need to follow certain steps. Four simple steps, and you are more than good to go. Download the app  Sign up using your mobile number Add your details to check credit limit Complete KYC!

To meet short-term financial goals, online instant personal loans have gained much popularity in recent years and is in the trend now. Instead of a credit card which generally has a higher interest rate, people are more and more inclined towards a personal loan. Long gone are the days when potential borrowers had to visit financial institutions/banks in order to avail loans. Nowadays, it's all about you and your internet-enabled smartphones. Since day one, our prime goal has been to offer a seamless experience to everyone so that they easily get access to funds and that too interest-free! What is an instant personal loan? As the term implies, it is a type of loan that can be availed by the potential borrower instantly and without much hassle. These are typically approved and disbursed within just a few hours and designed in such a manner that it helps the borrower to meet their short-term financial needs.  Moreover, these loan types are usually unsecured, meaning that you don't need to put up any collateral, unlike a car or home loan. It all depends on your creditworthiness and income.  What are instant personal loan pros? Flexible When you avail an instant personal loan online, you are free to use it for any personal purpose. Now, it can be used to buy an expensive gadget, pay for an event/wedding, or even cover medical expenses. It's totally up to you!  Instant It is in the name itself! The moment you apply for it, within no time, the amount will be credited to your account. This helps, especially in times of urgent and emergency situations!  No Collateral Unlike secured loans, this type of loan is unsecured and doesn't require any collateral or security. So therefore, the borrower does not need to pledge any essential assets, such as your car or home, to avail the loan.  Easy Eligibility The overall eligibility criteria to avail this type of loan are quite simple and easy. You just need to have a stable monthly income and good creditworthiness.  Flexible Repayment Tenure An instant loan offers a flexible tenure for repayment. Now, this ranges from a few months to a few years, and all of this totally depends on the loan amount and the borrower's repayment ability. How to avail it? Availing this loan is relatively easy, and there are two options to choose from. Either you can apply on our website easily or download the application on your device. Both of these options work seamlessly.  Download the app from the App Store/Play Store Sign up using your mobile number Add your personal details to check your credit limit Complete KYC, and you are good to go! Conclusion An online instant loan should mean that it can be availed via your smartphone within a blink of an eye. That is what we offer! Moreover, the hassle-free process makes it easy to avail and offers a seamless experience. In recent times, an upsurge and demand have been witnessed for personal loan as it easily solves many problems faced by individuals in monetary terms.

The need for instant funds can arise anytime, and what is better than an instant personal loan? Nowadays, many people use credit cards to access funds, but they don’t know that this type of loan is a much better option. This is primarily because of the lower interest rates, flexibility and, most importantly, its unsecured nature. In recent years, a significant boom has been witnessed in this industry, and more and more people are availing these types of loans. What is a personal loan? As the term suggests, it is a type of loan granted to an individual for their personal needs. It is an unsecured loan which means that, unlike a home or car loan, the borrower does not need to put in any collateral to secure it. Instead, it is totally based on the creditworthiness of the borrower, income, and other factors.  Further, such a loan can be used for various purposes, such as paying for a vacation, renovating your current home, or even paying for a wedding/event. Unlike credit cards, they have a fixed term, typically ranging from one to five years, and fixed monthly payments.  What are its advantages? When you opt for this type of loan, keep in mind that it comes with tons of advantages. For those who are in urgent need of funds, it is one of the best options to choose from.  Flexible These types of loans are generally very flexible in nature, meaning an individual you can use them for a wide range of purposes. As mentioned above, it can be for a home renovation project or even for a wedding/event.  Improve Credit Score Consistently making payments on time and without any delay helps you to improve your credit score over time. In addition, this makes it relatively easy to obtain credit in the future.  No collateral Unlike secured loans, an instant personal loan is unsecured in nature. This basically means that you, as a borrower, don’t have to put up collateral to secure the loan.  Lower rate of interest Rather than credit cards, this type of loan is the best choice if you are looking for emergency funds. This is because it offers lower interest rates, ultimately benefiting the borrowers in the long run.  How does it work? 1. Application To apply for the same, basic information such as income, employment status, credit history etc.  2. Approval Once submitted, the application is reviewed, and if applicable, the loan is approved instantly.  3. Acceptance Once you decide to accept the loan offer, sign a loan agreement that outlines the terms and conditions.  4. Disbursement After you sign the agreement, the loan is disbursed instantly to your bank account.  5. Repayment You’ll be required to make fixed monthly payments on the personal loan for total tenure. How to get it? We focus mainly on offering convenience to our potential customers. You just have to download the application, and the whole procedure is relatively easy. 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 are good to go!

Nowadays, availing of a personal loan has become a common practice for individuals to gain access to easy funds. Since the onset of technology, getting such a loan has been relatively easy if you are on the right track.  But, the fact is that one needs to ensure their safety as well because nowadays, many loan scams are being reported. Well, if technology has its pros, it has its cons as well. So, to avoid falling for such scams, it is vital to be aware of the red flags and take the necessary steps for protection.  What are personal loans? As the name implies, it is a type of loan that is usually availed by individuals in order to fulfill their personal needs. These needs can include the renovation of their abode, a vacation with their family or even for an event etc. Well, the list goes on. Furthermore, this is an unsecured loan, which basically means that the borrower does not have to put up any assets as collateral to get the loan. So, it is entirely opposite to a car or home loan, as they are secured by collateral.  Nowadays, there is no need to visit a bank or financial institution to avail this loan, as it can easily be done from the comfort of your home. Download the right application, and you are more than good to go. How to avoid personal loan scams? Not only these scams, but one should be vigilant to protect themselves from any financial scam. Nowadays, cybercriminals have become much more active, and they have come up with several types of techniques to loot people's hard-earned money. Research Before just going for this loan, ensure that you do your groundwork. You don't apply for the same, knowing that the process is easy and offers easy money. This can lead you into trouble. Instead, check the lender's website, ratings and reviews to make sure you are on the right track. Therefore, if you notice any kind of red flags, it's best to take a step back. Avoid Paying Upfront Fees Being a borrower for an online personal loan, remember that you are not bound to pay any upfront fees. So, if a lender asks you to pay a fee before approving the loan, it's likely a scam. These criminals often use these fees to steal money, so be aware of any lender who asks you for such a payment.  Go through the loan agreement Often we tend to avoid the terms and conditions whenever we witness them. Well, many don't know its importance. The scammers out there tend to hide unfavourable terms in the fine print and may include clauses that allow them to change the rate of interest or even impose additional fees at any time. So, if you think the terms and conditions don't suit you, don't sign them.  Unsolicited Emails/Calls Being an aware citizen, it is your moral responsibility to be cautious of unsolicited emails or calls from lenders offering personal loans. Keep in mind that they may be cybercriminals posing as legitimate lenders. The authentic ones don't contact anyone out of the blue, so if you receive such communication, it's best to ignore it and be safe on your side.  Conclusion Be it small personal loans or large ones, you, as an individual, need to ensure you don't fall for scams. But on the other hand, if you are an aware citizen and know what's happening around you, such scams are preventable. So, keep the factors mentioned above in mind and get access to personal loans easily. 

Enjoy the power of instant money with Stashfin - India's fastest, easiest, safest, and smartest Credit Line and Instant loan App. Stashfin is powered by Akara Capital Advisors Private Limited, an NBFC duly registered with Reserve Bank of India (RBI). With its quick and easy application process, the Stashfin Instant loan app lets you enjoy a credit line of up to ₹10,00,000 at low-interest rates and flexible repayment plans that are best suited to your needs. ✔ Credit Line ✔ Pay interest only on the funds you need ✔ Credit line ranging from ₹1,000 to ₹5,00,000 straight to your bank account ✔ Repayment period: 3 to 36 months ✔ Minimum documentation, instant approval, and quick disbursal We also provide funds as low as ₹1,000 to ₹5,00,000 and are operational across India. In matters of funds, one size doesn’t fit all and we offer you the choice of picking a credit line best suited to your needs and help you take control of your finances. We offer interest rates ranging from 9.99% - 35.99% APR (Annual Percentage Rate), the rates may vary on a case-to-case basis. A low processing fee is charged in certain cases and there are no hidden costs. Example: Amount: ₹10,000 Tenure: 3 months Rate of Interest: 11.99% p.a. Processing Fee: ₹0 Total Interest: ₹167 EMI: ₹3389 APR: 11.99% Amount Disbursed: ₹10,000 Total Repayment Amount: ₹10,167 Sample Monthly EMI with Sample Principal and Interest EMI Principal Interest ₹3389 ₹3305.74 ₹83.25 ₹3389 ₹3333.26 ₹55.73 ₹3389 ₹3361.01 ₹27.98 How does Stashfin App Work? Download the Stashfin App and register Fill in your details and upload verification documents Once verified the final application status can be checked on the App. You will also be notified of your approval status via SMS Once approved, E-sign the loan agreement and the approved amount will be disbursed to you within 5 minutes. SMS notification will be sent to your registered number notifying the same Eligibility Criteria ✔ Indian Citizen ✔ Above the age of 18 ✔ Must have a source of income (either salaried or self-employed) Documents Required Address Proof (any one of Aadhaar Card/Voter ID/Passport/Driving License) Identity Proof (PAN ID) In some cases, you may be asked for the following documents Bank Statement ITR/ GST Paper Operational across India Delhi NCR (Delhi, New Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, Gurgaon), Mumbai, Thane, Pune, Hyderabad, Chennai, Bangalore, Indore, Chandigarh, Panchkula, Pithampur, Bhiwandi, Zirakpur, Kharar, Kolkata, Jaipur, Udaipur, and more. Given the surge in the demand, players like Stashfin have exclusive offers and benefits for their consumers such as Instant funds up to Rs. 5 lacs, direct bank transfers, attractive interest rates, instant approvals, quick process, which is completely digital, exclusive rewards. To apply for a Stashfin loan, you can download the app here Stashfin – Credit Line & Funds – Apps on Google Play or here Stashfin iOS App or apply on the website Stashfin