Top reasons to apply for instant personal loan
Your financial needs do not always appear when you are expecting them. You may need money at a time when you are least ready for it. At that time, one of the best financing options to go with is, apply for low-interest rate personal loans. It is a collateral free personal loan available online. You are not required to share any collateral like jewelry, or mortgaging a house, etc. against the loan. All that is required in these types of unsecured loans are good credit history and credit score. The list of common purposes for a personal loan includes financing a large purchase, covering an emergency expense, and consolidating debt.
Debt Consolidation
It is one of the major reasons to apply for a personal loan. If you are
paying multiple EMIs in a month at a high-interest rate, then it is better to
compile all your debts into one single debt at a low-interest rate to simply
the finances and make repayment easier. The best option would be a personal
loan. A debt consolidation loan can help avoid this problem, consequently
saving your credit score as well.
How a Personal loan for debt consolidation could also help you:
·
Extend
your repayment term
·
Lower your
monthly payments
·
Free up
more of your income to cover necessary expenses
Personal loan for wedding
Applying for a personal loan for a wedding is also the most
common scenario. In India, a wedding always takes place at a big platform where
we prefer to invite all the family along with extended ones and distant
friends. It is an occasion, where it is impossible to hold back spending.
Having a lavish wedding is a dream of every groom and bride. At that time, let
not money be a constraint, apply for a personal loan to take care of all your
wedding expenses in a hassle-free manner.
Applying instant personal loans for big-ticket purchases
Lifestyle needs can come up anytime, when it occurs at month-end, it
might be difficult to deal with it. The need could be a new refrigerator,
washing machine, television, or laptop.
Being month-end, if you do not have enough money to buy, you can take a personal loan of the needed
amount and repay it in small EMIs to manage the impact of buying a big-ticket
purchase better. The best part about personal loans is that it is multi-purpose
in nature.
Personal loan for higher-education
Sometimes, you
may need a loan to fund the higher education of your child on an immediate
basis, at that time if you go with a traditional education loan. It may come
with several restrictions and conditions. In such cases, the best
financing option would be a personal loan. There are no perquisites associated
with this financing option. The main USP of applying personal loan is that it
is a collateral-free personal loan with short tenure and easy repayment
options.
Personal loan for medical emergencies
There can be several situations in your life where you are dealing with
any sort of health issue of yours or your loved ones. The funds are needed,
even if you have the best insurance coverage. If you do not have enough savings
to rely on, applying for a personal loan can give you access to the required
amount in a short time. Many fintech companies, like IndiaLends, offer instant
personal loans, in a completely digital and paperless process. Usually, this
loan amount is credited to your account within a short period.
Bottom line
Get instant approval on your online personal loan at the lowest interest rates through IndiaLends. Find the best offers for yourself at IndiaLends.
Whether you are salaried or self-employed, we provide personal loans starting
from 10.25%*. Get Personal Loans for whatever you need the money for - a
medical emergency, wedding, traveling, purchase of consumer durables, medical
emergencies, expanding a business, home renovation, etc.
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