5 Advantages of Availing Home Loan via Online Loan App

A home loan is the most preferred financial tool for salaried class and other individuals to build or purchase home of their dream homes. Buying a dream home is one of the aspirations that everyone wants to fulfil at least once in life.However, income and savings of people may not be enough to support home purchase. That’s when reputed banks, non-banking finance companies (NBFCs), and other lenders come into picture.

If you have a higher CIBIL score, repayment and employment history, then they may offer you a home loan of up to Rs. 10 crores. However, when it comes to application of home loan, many people avoid taking it as there are many formalities and documentation that tires a homebuyer.

Lenders understand this and now let people apply for a housing finance online with the help of their home loan app. A home loan app is nothing but an online loan app just like any other app that you use on your smartphone.If you have been a customer of a lender in the past, you can simply download it on your mobile phone, access it with ID and password and start using it. Even new customers willing to apply for a home loan can use loan apps in India easily.

If you are thinking about benefits of applying for housing loan via a home loan app, then this post will help you know all. Read on!

Advantages of applying for a home loan via online loan app:

• It will let you apply for a home loan easily- After logging into instant loan app of a lender, you can apply for a home loan super easy and with some simple clicks. The facility of filling online loan application form is available here.

• It will let you view your active and earlier loan accounts- A loan app in India such as Bajaj Finserv app can help you track details or progress of your entire active and closed loan accounts.

• It will help you apply for a pre-approved loan offer- Some lenders also extend some loan offers such as home loan to people with an excellent repayment and income history. Hence, you may come across some pre-approved loan offers for a home loan, instant loan such as personal loan and more. All that you have to do is share your basic details to unlock your customized pre-approved loan offers. Such deals can also help in minimizing all loan formalities and securing a loan fast.

• It will help you raise a request- During the course or tenor of home loan or any other loans, you may come across some issues that you may like to bring to notice of your lender. Hence, to do that, you don’t need to visit it or call their customer care services. All that you can do is raise a request via the online home loan app and relax. You can also track its status and statuses of earlier logs with a detailed description.

• It will also help you pay EMIs, make prepayments and foreclose loan- Borrowers using the online loan app can also pay their loan EMIs, prepay and foreclose loans. This way, you would save a lot of time and efforts as you can do all with some clicks on loan app.

Some of the benefits of applying and managing home loan via an online loan are now discussed. You can install the home loan app lender’s app today and get started.

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