Nowadays, loans have come up with the significant feature of e-approval with digital lending. The online service has cut down the previous tradition of loan where you have to go to lending institution first then there you had to fill an application form and to submit piles of papers. However, loans with e-approval will be sanctioned within a day in a hassle free manner.

This online feature of loans make the instant e-loans great for any kind of financial emergency where the funds are required for medical urgency, for quick travel plan, for debt consolidation and even for buying a new home or a car and for many other things. We at ShubhBank understand the importance of time and your needs, so we have the facility of e-approval to assist you in financial emergency.

In this article, we will guide you through some of the features offered by ShubhBank on online loans:

→ No physical documentation: Our bank offers you a loan with zero legwork and paperwork. However, few documents are required to “APPLY FOR A LOAN“ which may include age proof of the borrower’s address as well as income proof which can be submitted online with an ease. One has to submit scanned copies of the entire documents on our lending portal.

→ Fast processing: At ShubhBank, you loan application will be approved within a day as it offers you an e-approval. If you meet the eligibility criteria asked by the lender and all went right then you will get an approval message on your phone within few hours.

→ Help by loan executives: When you avail a loan from ShubhBank, our loan executives are always ready to help you and guide you through entire loan processing. Therefore, if you have any doubts or queries regarding a loan processing, you can get in touch with our executive and get all the answers that you want to know.

→ Quick disbursal: As we have mentioned above that loan approval by us takes only few hours and the loan and the loan amount is disbursed to your bank account within a 24 hours of approval.

→ Affordable interest rates: ShubhBank offers comparatively lower rates of interest as well as lower processing fees for instant e-loans which vary depending upon certain factors such as loan amount, repayment period and your debt-to-income ratio. We have zero hidden charges and processing fees is only 1-2% of your loan amount.

→ Secure platform for borrowing: We at our lending institution understand and respect your privacy. Therefore, your personal information I never shared with anyone. Moreover, we also understand the significance of the details you provided us. For the safety of our borrower’s details, all the transactions on our website happen through secure server.

Hence, all that it takes is just few quick and simple pointers to “APPLY FOR A LOAN ONLINE“ at ShubhBank. Our instant e-loans are the quickest and effective for both the lender and the borrower. So, what are you waiting for, if you are also in need of financial assistance, then a loan is just a few clicks away.

A loan is a form of credit or called as savior that can help you to meet financial exigencies with several other benefits. People can use it for travel expenses, home renovation, wedding or buying their favorite gadgets etc. Loans have wide scope and the options for repayments are aplenty.

However, when you “APPLY FOR A LOAN“ the process seems to be overwhelming sometimes especially when you don’t know where to start and how to do it. In this blog post, we will guide you with some tips that how you can get the funds without any hassle. Have a look on such hacks:

✓ Understand the loan process: Every lending institution has own loan norms and process, so understanding that process as well as getting prepared beforehand will ensure you to access funds quickly. While extending you loan money, lender will check your employment status, salary slips and credit score etc. One can also check his/her eligibility through lender’s website or assistance through phone by loan representative.

✓ Understand the documentation: Once you apply for a loan, the financial institution will ask you for some basic documentation to verify your credit worthiness and financial status. To illustrate, if you apply for a loan at ShubhBank, a borrower needs to submit a copy of their identity such as Aadhar card or passport, a copy of PAN, latest bank statements and credit card details to set up an e-mandate.

If you have all these documents in hand, you can avail any kind of loan to fulfill your financial goals without any trouble.

✓ Start your loan planning early: It is the most helpful tip to get a loan which means if you have an emerging financial need then start researching for loan in time. Go online and compare different lenders and the interest rates offered by them to get a best deal for your financial requirements.

Get a look on all the aspects of loan such as required loan amount, repayment and the time it will take to pay back entire amount. Planning such things early can help you to get best fit for loan and avoid unnecessary stress.

✓ Plan your EMIs well: A good financial plan will help you to accommodate your monthly installments for the loan easily. One can also use a different bank account for their loan repayments to avoid any delays in the EMIs. An individual can also invest their money simultaneously and utilize such returns to repay the loan.

✓ Get a financial expert: Taking an advice from a financial expert will help you when you get stuck in any financial situation whether it is choosing a suitable loan product, repayment planning or understanding the impact of loan on your financial health etc.

Hence, you can get a loan easily by following such simple tips or hacks and there is no need to go out of your way. One can “APPLY FOR A LOAN ONLINE“ after a mere research, planning as well as dome expert advice. Keep these tips and tricks in mind to meet unforeseen expenses without any hassle.

Nowadays, loans are very popular financial tools among people to fulfill their financial needs. They offer potential to the borrower to shed off their financial constraints and to enjoy great deals on loans such as flexible repayment tenure, instant disbursal and low interest rates. One can “APPLY FOR A LOAN“ to handle a financial crunch as it is easy to go financing option.

Therefore, loans are common these days and can be availed under two categories like secured and unsecured loans according to your need. Sometimes, when you get a loan from specific lender, your loan cost comprises some hidden charges which can burn a big hole to your pocket.

In this blog post, we will guide you through various hidden charges like late payment penalty, pre-payment charges, processing fees, balance transfer cost etc. levied by the lenders and how to avoid them to save your hard-earned money.

→ Read the loan agreement carefully: While availing any kind of loan, it is advisable to go through the agreement before signing the final copy because this document enlists all he types of charges that lender can levy upon you under different circumstances.

You must read carefully about the payable interest rate, repayment mode, repayment tenure as well as other terms and conditions. Take your time to read the fine prints to nullify any mistake and then sign the loan agreement.

→ Plan the repayments: It would be wise and effective thing to plan your EMIs according to your repayment capability to avoid the delay in repayments.

There are number of lending platforms that let you use EMI calculator to check the repayment amount for particular repayment period from which you can get an idea that how much you can repay easily to avoid any penalty in the future.

→ Be aware of different fee types: One must be aware of every kind of payable charges and fees types that are involved in specific loan product because having knowledge beforehand can help you to plan your repayments well and you can avoid any situation that can levy any additional or hidden charges on you.

→ Get a loan from reputed lender: With the emergence of new-age fintech companies, it has become easier to access the loans. You can “APPLY FOR A LOAN ONLINE“ or offline by meeting the eligibility criteria specified by the lender and by uploading required documents.

One can get funds disbursed to their bank account directly once their loan gets approved. The approval is based upon various factors such as eligibility criteria, income, and age of borrower as well as after the verification of submitted documents.

So, it would be better option to avail a loan from a reputed lender like ShubhBank to keep yourself away from all such hidden charges to make your loan journey stress-free.

Hence, we have listed such factors to make you aware of unnecessary charges levied by some of the lenders and are guiding you that by exercising a bit of caution while signing any loan application, you can avoid any kind of hidden charges.

The collateral free loans refer to the term where a borrower doesn’t need to pledge any asset or security against the loan money. The loans are approved on the basis of client’s current income, cash flow and credit rating to ensure the repayment of loan on time. Collateral can be any of your personal or business assets that acquire certain financial value against the borrowed money.

One can “Apply For Loan“ to fulfill the personal and business purposes without pledging any security. Most of the popular collateral-free loans are Personal Loans and Business Loans. The amount of loan sanctioned purely depends upon your credit score. So, now you have better understanding of collateral-free loans, here we have listed some of the benefits availed from security free loans making them an ideal choice for borrowers.

● No security required: As the name indicates, these loans are free from the requirement of any asset from the borrower. Lender will not compel the customer to risk his/her valuable asset for availing a loan. Therefore, by removing this obligation, it allows the borrowers to remain stress free about debt burden and use the amount to tackle their financial crunch without losing any asset.

● Build your credit history: Since collateral loans remove the requirement of any security but it is based on most important aspect which is borrower’s credit worthiness. Every lender approves the collateral-free loans based upon the clean credit history and good credit score of their client.

If you are a first time borrower, then unsecured loans can be great way to start working on your credit score. After availing the loan without pledging any asset, make sure to pay the loan EMIs on time to build up your credit score over the time and get eligible for big ticket loans in future.

● Quick loan approval: In case of secured loans, lenders take long time to approve the loan as they need much time to evaluate the value of the possession submitted as collateral and thereby finalizing the loan quantum. However, collateral free loan eliminates this need and loan mount is approved and disbursed quickly.

As one of the reputed lenders, ShubhBank sanctions the collateral free loan in a few minutes after evaluating your eligibility and funds are reflected in your bank account within 24-48 years.

● Flexible payments: Sometimes unsecured loans are restricted by limited repayment options but most of the lending institutions like ShubhBank offer variety of repayment options to make the loan journey as smooth as possible. We offer collateral free loans at nominal interest rates with flexible repayment structure.

Hence, collateral loans have become ideal choice to the dilemma of the loan seekers who don’t want to risk their assets in the loan process. Moreover, it helps the borrower to build a credit score and helps to “Apply For Loan Online“ or offline in future at competitive interest rates. If you are looking for easy and convenient collateral-free loans, visit the ShubhBank and avail the useful features such as fast online processing and flexible tenors on unsecured loans.