With traditional bank loans, document verification was a fairly lengthy process. It could take two weeks to have your documents verified and the loan amount transferred into your account. Today, however, the document verification is no longer a one to two week-long wait. In fact, some lenders today not only move swiftly from loan application to disbursal within minutes, but also make pre-approved offers that guarantee funds transfer into your account right after you submit the required documents to your loan provider.
Traditionally, you would be required to visit a lender’s branch office, experience long waiting hours and multiple rounds of evaluation of your application before being aware of the EMI you are required to pay. Now the entire process right from the start to finish - checking eligibility criteria, applying for the loan, documents evaluation, and loan sanction can be carried out in an instant. Without leaving your seat you can get approval for your online personal loan.
Today, you can not only hyper-customize your loan to suit your needs, but your interactions with your lender are also becoming super-smooth. Loan providers are offering personal loans that allow you to customise your loan amount, tenure, EMIs and repayment options - all at the comfort of your fingertips. In fact, even the process of interacting with the lenders is taking a massive turn - you can now resolve your queries 24x7 through your loan provider’s intelligent chatbots, and tailor your options on the go.
Technology is clearly making a big difference to our lives - not only in big ways, but small ways too. For example, your document verification now takes place through image recognition and 3rd party verification, selfie pics and self-recorded videos. Applying for an online personal loan was never this
On Finserv MARKETS, you can choose from a variety of personal loan offerings. On Finserv MARKETS, the process of getting instant personal loans online is hassle-free and paper-free. The approval is instant, and the loan amount is disbursed in no time. Finserv MARKETS is a secure platform with a user-friendly interface and is trusted by over a million people. Visit the Finserv MARKETS website today to get started on your online personal loan application process.