Personal loans are very helpful in covering last-minute financial emergencies. We can use them to pay off debts, buy equipment, pay medical bills, and other purposes. However, traditional lending institutions need to offer unsecured loans in quick succession. Waiting for a few days to get funds during a financial crisis is not practical.
Luckily, modern NBFCs like Fullerton India offer quick loans through an urgent loan app for emergencies. Digital intervention has made the process easier and more convenient, and now one does not need to make multiple visits to a physical brand to get approval for a loan. Read on to understand how to get an instant personal loan with the Fullerton India InstaLoan app.
What exactly is the InstaLoan app?
Earlier, Fullerton India offered online personal loans via its official website. To make things easier for loan applicants, the InstaLoan app has been launched. The application is available for both, iOS and Android users on the relative app stores. They can easily download the InstaLoan app via the Apple or Google Play Store. Things have become much easy for loan applicants with the mobile application. It is crucial to note that salaried individuals can take a loan via the InstaLoan app. Before filing out a loan application, a few things to do are:
- Download the Fullerton India InstaLoan app from the respective app store.
- Provide your mobile number on the InstaLoan app. The mobile number is saved and used by Fullerton India for future communications/messages.
- The app will verify the entered mobile number. Enter the OTP received on the phone number and verify it.
- The user has to set an MPIN before applying for an instant loan. The MPIN will keep the app and user information safe at all times.
After performing these basic formalities, you are ready to apply for a loan on the InstaLoan app.
Steps to apply for a loan on the InstaLoan application
The InstaLoan application has a simple and user-friendly interface that allows a hassle-free loan application. The steps to apply for a loan via the app are as follows:
1. Start by entering personal details such as name, DOB, email address, and residential address. Ensure that all the details are the same as in ID documents. Entering inaccurate details might lead to the cancellation of your loan application.
2. The app accepts only salaried individuals. The next step is to enter employment details, which are used to check creditworthiness. Enter the name of your current company/employer, official address, company number, and date of joining.
3. The next step is entering the original account details. The app will forward the personal loan amount to the selected financial account. The user will have to enter the name of the financial institution, the branch name, and the account number. Some other account details might also be asked from the user.
4. The next step is to submit all the required documents for an instant loan. You must submit the required documents to ensure your application on the urgent loan app is complete. One can upload the required documents on the InstaLoan app with simple steps.
5. The next step is to press the “I agree” button after reading all the loan conditions. After cross-checking the loan conditions, click the ‘Submit’ button to forward the loan application to Fullerton India. Users should check all the entered details before clicking the ‘Submit’ button on the app.
6. The next step is to select the loan amount and tenure on the app. One can apply different combinations of loan amount and tenure to check the EMIs.
7. The user must enter additional details in the final section. You might have to enter details like marital status, PAN number, and residence type.
8. After entering all the details and selecting the loan amount, press the “Save and Proceed” button.
After completing all the details, Fullerton India will send you a response within minutes. If the loan application is approved, the loan amount will be disbursed to the selected financial account in no time. While sitting on your couch, you will get emergency funds with the InstaLoan app. Apply for an urgent personal loan with the app now.
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