Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes
2 weeks ago

Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes

Live Mint  

Fintech is transforming the instant loan sector by capitalising on technology and thereby making the lending process faster, more efficient and more accessible to a broader audience. Smoother application process: Now, fintech companies offer online platforms and mobile apps for loan application processing, thus bringing down the need for paperwork and manual intervention. Bespoke loan offerings: Fintech companies provide small-ticket personal loans, payday loans, and business loans tailored to specific needs. Collaboration with traditional banks: Several fintech companies have joined hands with traditional banks to offer instant loans as they leverage banks’ financial backing and fintechs’ agility. Lower operational costs: Thanks to automated processes, overhead costs have been reduced considerably, thus allowing fintech firms to offer competitive interest rates and faster loan services as compared to traditional institutions.

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History of this topic

Instant personal loans for housewives: How to secure one with ease – key tips
1 day, 2 hours ago

Instant personal loans for housewives: How to secure one with ease – key tips

Live Mint  

Being a housewife is not an easy job. Instant personal loans Instant personal loans are short-term loans that provide rapid financial assistance. Low processing charges: Processing fees for personal loans targeting women are usually cheaper at banks and other financial institutions. Documents required for instant personal loan for housewives There are not major requirements of documents you just need to …

Instant loans for housewives: A step-by-step guide
Trending News
1 day, 9 hours ago

Instant loans for housewives: A step-by-step guide

India Today  

Instant personal loans offer housewives quick financial relief with easy application, affordable rates, and fast approval. In such times, instant personal loans can provide much-needed financial relief. Instant personal loans are short-term, unsecured loans designed to provide quick financial assistance. KEY FEATURES OF INSTANT PERSONAL LOANS FOR HOUSEWIVES Affordable interest rates: Loans designed for women often come with lower interest …

Instant personal loan apps on the rise: What every borrower should know
2 weeks, 6 days ago

Instant personal loan apps on the rise: What every borrower should know

Live Mint  

Traditionally, to get a personal loan, a borrower was required to visit the bank branch to enquire about the loan and make several visits to the branch to apply for a loan. Disadvantages of instant loan apps High interest rates: Some apps may charge high interest or levy hidden charges, taking advantage of people who are in need of emergency …

5 costly mistakes to avoid when applying for an instant personal loan
3 weeks ago

5 costly mistakes to avoid when applying for an instant personal loan

Live Mint  

The need for funds can arise at any time for several purposes, such as medical expenses, educational costs, or any other unexpected needs. However, in emergency situations, due to the urgent need for funds, borrowers can overlook a few details and make mistakes while applying for an instant personal loan. If you apply for an instant personal loan with a …

Instant personal loan: These are the top 9 reasons to apply for it
3 weeks ago

Instant personal loan: These are the top 9 reasons to apply for it

Live Mint  

If you are in an urgent need of money and the requirement does not qualify for a specialised loan category such as a car loan or a business loan, then it is recommended to opt for a personal loan. Although one typically applies for a personal loan at a bank or an NBFC, one can consider opting for an instant …

7 instant personal loan mobile apps you can explore in 2025
3 weeks, 2 days ago

7 instant personal loan mobile apps you can explore in 2025

Live Mint  

If you are falling short of money and urgently need funds to meet your deficit then one of the most feasible options that you can explore is to seek a personal loan. Although one can approach a bank or an NBFC for a personal loan, there are a dozen mobile applications also that enable users to procure a personal loan …

Personal Loan: How is technology transforming the borrowing experience?
3 weeks, 5 days ago

Personal Loan: How is technology transforming the borrowing experience?

Live Mint  

The use of technology in the financial sector has revolutionised the entire process of borrowing and transformed the user experience to a new level. From a quick and efficient process of submitting loan applications to customised offers, technology has simplified the entire personal loan application journey. Online loan applications Now it is no longer necessary to go to the bank’s …

Struggling with no job? Here’s how to get an instant personal loan
4 weeks ago

Struggling with no job? Here’s how to get an instant personal loan

Live Mint  

Personal loans are a great option if you want quick access to funds in order to cover your expenses for a while. However, instant personal loans offered to unemployed individuals may attract higher interest rates and low principal amounts because of the risk involved for the lenders. How to secure an instant personal loan when unemployed Choose the right lender: …

5 key tips to boost your chances of instant personal loan approval
1 month ago

5 key tips to boost your chances of instant personal loan approval

Live Mint  

Personal loans are one of the most convenient tools to access emergency funds. Source of income Most lenders would quickly approve instant personal loans for borrowers with stable incomes and steady employment. Different lenders may have a minimum monthly income limit to grant an instant personal loan. Good credit score One of the major criteria lenders look for when approving …

Instant Personal Loan: A Step-by-Step Guide to Getting Quick Cash
2 months, 2 weeks ago

Instant Personal Loan: A Step-by-Step Guide to Getting Quick Cash

Live Mint  

An instant personal loan is a type of unsecured loan that can be applied for online, eliminating the need to visit a bank branch. The application process can be completed in just a few simple steps. To qualify for an instant personal loan, you typically need to meet the following criteria: Age, CIBIL score, and work experience. The loan is …

Personal loans: What is an instant loan? All you need to know
2 months, 3 weeks ago

Personal loans: What is an instant loan? All you need to know

Live Mint  

Instant personal loan is a type of unsecured loan which gives quick access to money with minimal documentation and fast approval, sometimes within minutes or a few hours. Instant personal loans are generally offered by banks, non-banking financial companies, or fintech lenders and are quite handy to address short-term financial needs, which include but not limited to medical emergencies, travel, …

Unlock Quick Cash with Instant Loans: A Comprehensive Guide to Financial Solutions
2 months, 3 weeks ago

Unlock Quick Cash with Instant Loans: A Comprehensive Guide to Financial Solutions

Live Mint  

Instant loans are a type of credit that allows you to obtain funds in a short amount of time with minimal processes. These loans can be beneficial for various urgent financial needs, including medical emergencies, educational purposes, travel expenses, and wedding expenses. To apply for an instant loan, you can visit the official website of your respective bank and fill …

What are instant loans and how can they help you financially?
2 months, 3 weeks ago

What are instant loans and how can they help you financially?

Live Mint  

In today's fast-paced world, unforeseen financial requirements can arise at any time. Instant loans can be beneficial for various urgent financial needs, including student debts, medical expenses, essential purchases, and wedding-related costs. Clearing credit card debt: Instant loans can be an excellent option for paying off excessive credit card bills, as personal loans typically have lower interest rates compared to …

Which Fintech Platforms Offer The Best Personal Loan Rates? Here's The Breakdown
4 months ago

Which Fintech Platforms Offer The Best Personal Loan Rates? Here's The Breakdown

ABP News  

Personal Loans: Fintech platforms in the evolving Indian lending landscape are emerging as major players, especially in the realm of personal loans. Required Documents for Personal Loans To apply for a personal loan through a fintech platform, you'll need the following documents: PAN for KYC Address proof ID proof Three months' salary slips Interest Rates and Features of Top Fintech …

Tradofina Redefines Convenience with Personal Loan Innovations
6 months, 4 weeks ago

Tradofina Redefines Convenience with Personal Loan Innovations

Hindustan Times  

Nowadays, opting for personal loans has become easier due to the emergence of digital platforms. As one of the leading instant personal loan platforms, the Tradofina app allows borrowers to go through a smooth process of getting loans with zero paperwork. So, let's shed light on the benefits of personal loan innovations that set small personal lending companies apart in …

What are instant personal loans? Here are 6 essential features that define them
7 months, 1 week ago

What are instant personal loans? Here are 6 essential features that define them

Live Mint  

Instant personal loans are a loan category specifically crafted to offer rapid access to funds, typically featuring a quicker approval process compared to standard personal loans. Diminished loan amounts : Compared to conventional personal loans, instant personal loans frequently have lower maximum loan amounts. : Compared to conventional personal loans, instant personal loans frequently have lower maximum loan amounts. Best …

Promoting Financial Inclusion To Boosting Small Businesses: Key Expectations Of Fintech Industry From Budget 2024
11 months, 2 weeks ago

Promoting Financial Inclusion To Boosting Small Businesses: Key Expectations Of Fintech Industry From Budget 2024

ABP News  

By Roshan Shah The onset of the New Year is accompanied by hopes and expectations associated with the interim Budget. While the past year, the sector experienced regulatory reforms that helped drive the sector’s growth, this year, the market expects the Budget's focal point to be actively promoting financial inclusion in the country. Accelerate digital payments, promote innovation, and reduce …

Hero FinCorp: Fast-Track Your Financial Freedom with Instant Personal Loans
1 year, 6 months ago

Hero FinCorp: Fast-Track Your Financial Freedom with Instant Personal Loans

India TV News  

In a world where financial emergencies can strike at any moment, having access to instant personal loans can be a lifesaver. This article explores how Hero FinCorp's instant personal loans provide the necessary financial boost when you need it most. Competitive Interest Rates The Instant Loan App by Hero FinCorp provides borrowers with the opportunity to avail of personal loans …

Empowering MSMEs through Fintech: The Role of Digital Lending in Financial Inclusion
1 year, 6 months ago

Empowering MSMEs through Fintech: The Role of Digital Lending in Financial Inclusion

Deccan Chronicle  

According to IBEF, since the inception of MSMEs, the sector has played a vital role in creating job opportunities and fostering socioeconomic development, particularly in India's semi-urban and rural areas. Offering Customized Loan Products and Flexibility: Fintech's cutting-edge technology and digital capabilities have enabled digital lending platforms to provide plenty of loan solutions specifically targeted to meet the requirements of …

Instant, app-based loans could lead you to debt traps
3 years, 3 months ago

Instant, app-based loans could lead you to debt traps

Live Mint  

The adoption of technology amid covid-19 in the Indian financial ecosystem is on an overdrive. The promise of real-time access to loans makes instant app loans more attractive than personal loans from established banks, especially for urgent requirements. Loan sharks: Regulators in advanced economies such as the UK and the US have issued strict guidelines against loan sharks offering instant …

Budget Expectations 2021: Overhaul Of Banking Norms With Digital-Oriented Approach To Aid Fintech Sector
3 years, 11 months ago

Budget Expectations 2021: Overhaul Of Banking Norms With Digital-Oriented Approach To Aid Fintech Sector

ABP News  

New Delhi: 2020 will go down in history as one of the most memorable years but for all the wrong reasons. The industry has supported the Indian economy greatly during the crisis and has, therefore, some fair expectations from the upcoming budget that Finance Minister Nirmala Sitharaman will be unveiling on the 1st February, 2020. Tax benefits To help the …

Paytm's New Instant Personal Loans Service Will Provide Loans of Up To Rs 2 Lakh Within 2 Mins
4 years ago

Paytm's New Instant Personal Loans Service Will Provide Loans of Up To Rs 2 Lakh Within 2 Mins

News 18  

Paytm, India’s leading digital finance services platform has launched new Instant Personal Loans on its platform to facilitate access to credit services to its 1 million customers. The loans in Paytm’s Instant Personal Loans initiative would be processed and disbursed by NBFCs and banks. Under the new Instant Personal Loan scheme, Paytm will offer instant loans of up to Rs. …

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