The lending industry has been revolutionized due to the new era of digital technology. Earlier, when the personal loan was disbursed by banks alone, customers had to go through a tedious and complicated process. They had to visit Bank and go through extensive documentation and scrutiny. This tough and lengthy procedure used to cause discomfort to customers extensively. But in this new era of the digital revolution, 99Creds has unbelievably simplified this personal loan process. It’s like you desire a personal loan, and it is just three steps away from you. Now anyone can avail of a personal loan in just three easy steps, from mobile. Considering the market’s need and fast lifestyle, 99Creds has made the process miraculously easier for their customers.
Firstly, you need to open 99Cred’s website. then follow three simple steps such as
1. Quick Register-
In this segment, an applicant must fill out a simple form with details about his personal information. Such as Name, Address, and Contact number. Once the applicant gets registered, the other process gets started. An executive from 99creds contacts the applicant to discuss eligibility documentation and his financial requirement. This information will let 99creds know the applicant’s monthly cash flow, so it will be easy to suggest suitable loan products.
After considering eligibility and other factors, an executive from 99creds offers him a different lending preference. When an applicant confirms his desire for a suitable loan from a particular financial institution, a very important stage is the verification process. In which authentication of the applicant’s information is checked.
2. Select multiple offers
Once an applicant is found eligible, one of the various top banks and financial institutions’ offers with interest rates and processing fees needs to be finalized. Applicant must select and apply for the best offer he feels is right from the list of financial institutions. So, information regarding various options and documents is discussed. Offers from top banks and financial institutes such as HDFC, IDFC, Bajaj Finance, ICICI, Kotak Mahendra, Tata Capital, Fullerton India, Standard Chartered, IndusInd Bank, Axis Bank, Bajaj Finance are put forth for an applicant to consider.
It is discussed with an applicant that documents need to be provided such as KYC documents like a Pan card, Adhar Card and 3-6 month’s bank statement, salary slip of 3 months, latest electricity bill, House lease agreement, valid passport copy/driving license/ Voters ID needs to be uploaded.
3. Apply
Applicants can apply for a loan in just a few minutes. Once the applicant is found eligible and submits all documents, it is considered that he applied for the loan. Once the applicant’s loan application is accepted, he needs to e-sign a loan agreement. Once the agreement is e-signed only part that remains is the disbursement of funds. A Lending process is completed after successfully disbursing the amount to the lender’s account.
Throughout this process, executives from 99creds will remain by the applicant’s side until the final amount is disbursed.
Some rules and common criteria for most financial institutions are.
- Personal loan amounts cannot be used for illegal or investment purposes.
- The applicant must be between 22 to 60 years.
- Applicant should have a credit score above 700 with good credit history.
- The income of the applicant should be a minimum of Rs 20,000.
- The lending amount is up to 1 crore, depending on the credit profile.
- A personal loan is an unsecured form of credit that is popular to meet immediate requirements.
Once the process is completed personal loan is disbursed in a short time. Due to reduced documentation and a quick approval assurance, 99Creds has become a favorite amongst their customers in the shortest time. Due to this new era of digital technology, easy personal loan solution is made available by 99Creds. Anyone can apply for a personal loan from the very comfort of their home. Please visit the website and join the 99creds family for further details.