Simplified Employee Personal Loan Approval via Fullerton India’s InstaLoan App

Getting a personal loan was a tedious and tedious task a few years ago. The application process was complex, the eligibility requirements difficult to meet and it involved a burden of tedious paperwork. Today, salaried applicants can apply for a personal loan through the Fullerton India Instaloan loan app without looking beyond their mobile phones.

Many NBFCs have now understood and adapted the role of technology in facilitating loan applications for customers. They have created personal loan apps that applicants can download to their devices and get immediate financial backup when needed. Here we will see why instant loan apps have made it easier to approve personal loans today.

Here’s how Fullerton India’s Instaloan app makes it easier for employees to approve personal loans:

  • Immediate access to funds

An instant loan application keeps a lender in the applicant’s pocket. They have it everywhere they go. Whenever they encounter an emergency, they know they can quickly pull out their cell phone and apply for a loan regardless of the lender’s working hours. Therefore, the app offers financial support whenever an individual needs it, be it for a medical emergency or a last minute wedding expense.

The Fullerton Loan App provides 24/7 access to loan services. Whether the applicant wants to access the lender from home, office or while traveling, they can apply for a loan with just a few clicks on their touch screen. The Instaloan app makes the personal loan application process 100% digital, saving the applicant time and hassle.

There is no need to worry about data security and privacy when it comes to mobile loan apps from reputable NBFCs like Fullerton India. These apps are 100% reliable and safe. Fullerton India is a reputable lender working since 2007, and people trust them for their professionalism and security. Their loan application uses the latest encryption technologies to ensure the security of their applicant’s personal and financial information.

The instant loan app has made loan applications much faster than before. The application process is quite quick and simple. Once the applicant submits the loan application and uploads the required documents, the lender instantly confirms their eligibility, based on the information provided in the application. Therefore, the application makes the necessary funds available to an eligible applicant faster than expected. After successful verifications, evaluation of documents and execution of the loan agreement, the final loan approval is made and the applicant receives the necessary funds paid into their bank account within 24 hours.*

*Terms and conditions apply. Please note that at present, Fullerton India’s Instaloan app is only available for employees.

Most applicants worry about the extensive paperwork involved in applying for a personal loan. Although Fullerton has minimum documentation requirements, including proof of address, income and identity, there is no need to go to the lender’s office to submit the documents. With the eKYC method, the lender accepts scanned copies of the necessary documents through the application itself. The applicant can simply scan and upload the documents through the app to speed up processing.

  • Personal loan for multiple expenses

Whatever the expense, a personal loan is easily accessible through the Fullerton loan app. One can easily buy a laptop on EMI, start a startup or pay for wedding expenses using a personal loan. Many people also use a personal loan to fund vacations, finance education, or consolidate debt. A personal loan app on a mobile phone goes a long way in making spending affordable and hassle-free.

  • Valuable tools to help decision-making

Applying for a loan without checking eligibility will only lead to a thorough investigation and lower the credit score. Therefore, it would be helpful to use the personal loan eligibility calculator in the loan application to confirm eligibility and know the loan amount. The app also has a personal loan EMI calculator, using which applicants can know the approximate amount of their EMI based on the repayment term they choose. Selecting a loan term with convenient EMIs will help repay the loan successfully without burdening the monthly budget.

Personal loans are unsecured so one can avail them without any guarantor, collateral or collateral. The applicant can receive the loan amount directly in his bank account wherever he is.

The Fullerton loan app is a great help especially when someone is looking for funds for business or personal reasons. Since the money is readily available through the smartphone, it is possible to apply for a personal loan anytime, anywhere without a single visit to the NBFC office. Now that it is clear that the app makes it easier for applicants to approve personal loans, install the app on a smartphone and apply for a loan whenever needed with just a few clicks.