Have you been lagging when it comes to paying loan EMIs every month? Then try to pay EMI online using a loan app next time. These applications can easily be found on different virtual stores like Google Play and iOS. Moreover, they are available for different types of mobile specifications. Thus, whichever device you may have, you will always be able to make use of a loan app. One such example of a financing service application is the Bajaj Finserv App.
Besides, if you have been wondering why it is a good idea to pay EMI online, then here is an article that we have created for you. It will take you through five benefits of using a loan app when it comes to making payments.
1. Mobile payment
One of the biggest benefits that you can enjoy when you pay EMI online is the convenience factor. Imagine if you had to go to the financing agency to settle your dues every month. This not only can be irritating but also takes away a lot of your time. Therefore, considering online payments for your personal loan using a loan app is an ideal option. It will allow you to make instant payments without thinking too much or having to leave early from work.
2. Lower EMIs
With options like the Bajaj Finserv app, you can actually enjoy a lower EMI percentage. In other words, when you pay your EMIs on time using the online option, there is a chance of getting up to 45% lower amount. This is yet another benefit which can be seen when it comes to this particular loan app. However, most other applications also provide you with some sort of low EMI option when you select the online payment method.
3. Part payment facility
Other than to pay EMI online, there are various things for which you can utilize a loan app. One of them is to make part payments of your loan. The app will make it easy for you to take a decision about part payment without actually visiting the financing agencies’ office. Moreover, whatever information you need about this facility, you will be able to get it through the application.
4. Foreclosure service
Another thing that is quite common when it comes to borrowing a loan is foreclosing it before time. However, to find out more about this particular facility, people usually have to visit the agencies and meet the Relationship Manager in person. But with the help of a loan app, you can not only pay EMI online but also make foreclosure payments easily.
5. Future payments
Keeping track of your upcoming monthly EMIs can be difficult if you have multiple dues and credit accounts. However, with a loan app, you will be able to pay EMI online on time. It is because you will be able to get reminders about the upcoming payments so that you are always on track. It is also a great way to keep a detailed calendar of your upcoming payments without actually doing so.
Download Bajaj Finserv to unlock the various pre-approved deals available for financing services like personal loan, business loan, home loan, and more. You can use these deals if you wish to reduce the loan processing time and make it hassle-free for yourself.