posted on 2019-08-19 13:15:35 by Admin
India is the country where the system takes a lot of time to process any request. When we talk about financial services, many people think that only visiting banks can help them but eventually it increases the individual efforts & time to get money.
The concept of Fin-tech companies is new in India and the major part of the urban population is not aware of it. They even don’t know about the non-banking financial services from where they can get the loan or instant cash. The process of banking sectors takes a lot of time because it follows a lot of documentation and cross-checking process, also visiting bank & waiting in the queues is a hectic job which makes getting immediate cash very hard in India. However, people also have the option of getting cash from credit card but charges and interest rates are very high of credit card also there is a fixed limit to get cash from the credit card.
There are two options of getting immediate cash in India; below are those
1. Overdraft facility
2. Personal loan
There are so many factors which give the surety about your eligibility to avail these two facilities or loans here some of them.
The main difference between the draft facility & personal loan is draft facility is given to selected customers only because interest rates in the draft facility are applicable only on the used amount. On the other hand, interest rates apply to the whole amount in personal loans. However, interest rates of the draft facilities are quite higher than the personal loan.
Because of this most of the applicants apply only for a personal loan because of its flexibility and easy availability in the Indian market. The personal loan became an instant start in the financial market of India because of its instant availability at the time of the cash crunch.
Here are easy steps to get the amount of personal loan within few hours.
Any type of loan is a direct deal of money so always take care of mandatory things before applying for personal loans. Some of them are;
In India, when there is a need for instant money then always go for personal loans. Take the loan amount according to your need only because the interest rate of the un-used amount can become a burden on your pocket.