Instant personal loan: Is it safe to share your documents online? Find out
1 week ago

Instant personal loan: Is it safe to share your documents online? Find out

Live Mint  

Instant loan apps have made the process of taking a loan quick and hassle-free, suiting your financial needs. Instant loan apps collect information such as ID proof, bank account details, and other personal information. Risk of fraud: Instant loan apps ask for personal details that could be accessed by fraudsters who could misuse them for unauthorized transactions. Ensure to download well-reputed instant loan apps which have trusted reviews online. In conclusion, instant loan apps are the latest addition to the lending space that provides convenience to borrowers who require urgent funds.

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History of this topic

Instant Personal Loan: How to get approved without documents? A complete guide
1 week, 6 days ago

Instant Personal Loan: How to get approved without documents? A complete guide

Live Mint  

Even with personal money, convenience is the order of the day in today's fast-paced world. Introducing fast personal loans without documentation, a revolutionary way of quickly and efficiently accessing finance. Instant personal loans can be termed short-term financing opportunities that provide users with immediate money access. Features of getting an instant loan without documents Smooth application process: These loans are …

Instant personal loan apps on the rise: What every borrower should know
3 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 …

Instant personal loan apps: 6 ways to distinguish real from fake
3 weeks, 6 days ago

Instant personal loan apps: 6 ways to distinguish real from fake

Live Mint  

Instant loan apps have transformed the lending scenario by providing quick and easy access to finances with just a few clicks on your phone. Check out a few tips to distinguish genuine instant loan apps 1. Few signs of fraudulent instant loan apps Lack of KYC Know Your Customer or KYC process is used by lenders to verify the identity …

5 costly mistakes to avoid when applying for an instant personal loan
4 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: How does digital KYC expedite the approval process? Find out
1 month ago

Instant Personal Loan: How does digital KYC expedite the approval process? Find out

Live Mint  

Over the past few years, the finance sector has witnessed technological advancements in almost all aspects of their working. How does digital KYC transforms instant personal loan approval process Seamless integration with loan portals: Online loan application and approval processes rely on digital KYC and verifies your identity in real time with the help of Aadhar card and Pan card …

Instant Personal Loan: A Step-by-Step Guide to Getting Quick Cash
2 months, 3 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 …

Instant digital loan apps become easy trap for cheating, harassment
2 years, 9 months ago

Instant digital loan apps become easy trap for cheating, harassment

The Hindu  

A man from Coimbatore recently downloaded an instant loan app after he faced financial emergency. Another victim, a woman, availed a small loan from a micro-credit app from which she was redirected to many similar digital instant loan apps. In the latest case, a man from Coimbatore installed one of the instant loan apps and submitted certain details for a …

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 …

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