What is the ultimate goal of life? To achieve and fulfil your dreams and aspirations in order to live a meaningful life. Now, your dreams could be going on a dream vacation to Europe, purchasing the latest smartphone in the market, or refurbishing your dream home or office space.
Whatever your goals may be, it is a well-known fact that achieving them requires a financial jumpstart. This is where a personal loan steps in. Today, we’ll understand everything about this type of loan and why you should go for it. Most importantly, I’ll also share my personal experience and suggest which application you should go for.
As the term suggests, this loan type is basically a financial avenue that offers financial assistance with just a few taps on your smartphone. There is no need to leave your comfort zone; just download the right application on your smartphone (Android or iPhone), and you are good to go.
Furthermore, another plus point when you apply personal loan is that they don’t require any collateral. This means that you don’t have to worry about pledging any of your valuable assets; it depends on your creditworthiness and income. Here are the top reasons why you should go with this loan:
● Super duper easy
In the current digital era, convenience is the ultimate key! Individuals don’t want to go anywhere and literally want everything with just a few taps on their smartphones. Once you initiate an online personal loan apply, you are in for a smooth ride that helps you save a lot of time, money and energy! There is literally no need for any physical visits anywhere.
● Improvement in CIBIL score
Once you have availed yourself of this facility, make sure that you have a proper repayment plan to pay it off on time. This is simply because it enables you to improve your ongoing credit score, showcasing you as a responsible borrower.
● Fixed Payments
Such types of loans, that are quite trending these days, come with a fixed and predetermined repayment schedule. This means you’ll have a set monthly payment amount throughout the tenure. The advantage here is that the potential borrower here is well aware beforehand only how much they have to shell out every single month from their expenses.
Which is the best platform to apply for personal loans?
I’d like to share my personal experience here. Around three and a half months ago, I was planning to avail this facility in order to go to Europe with my family. Instead of exhausting my savings, my wife and I planned to avail a personal loan. This is when we came across a personal loan app called ‘Stashfin’. Wow, believe me, this is one of the best platforms to avail yourself of this type of loan.
The fun fact here is that these guys don’t charge any interest rate. Yes, you heard it right! This means you have to pay back the amount you initially borrowed from them (T&C apply). Moreover, with their application, only in four easy steps, you’ll be good to go.
- Download the app from the Play Store/App Store
- Sign up using your mobile number
- Add your personal details to check your credit limit
- Complete KYC
Once you have applied for it, the amount will be credited to your account immediately if the application is approved.
Final thoughts
If you are looking for a personal loan application, Stashfin is highly recommended! It’s all about trust and convenience when it comes to availing of such facilities, and this platform offers both. Long gone are the days when people actually had to travel to financial institutions for such avenues; now, it is you and your smartphone!
Such loans are convenient, easy to manage but all you need to do is plan out a proper repayment plan before initiating the personal loan apply process!