Instant Personal Loan For All Your Quick Financial Needs
Thursday, September 19, 2019, 6:00 AM | Leave Comment
Many a times, a shortage of funds can derail your plans and lead you to the monotone pace of life without any fun.
In our current situation or era, consumerism is at its peak and sale days cannot be ignored even if you are not a big buyer so as to grab great deals.
But financial capacity can be a hindrance in fulfilling your plans at the right time.
How to get around this trouble? Credit cards have a solution, don’t they? No!
That’s one of the common mistakes people make when they are faced with a shortage of funds. Using credits beyond a certain limit makes the repayment journey very strenuous for the same people.
Similarly, some consumer durables used at the workplace or home is essential for convenient living. Such purchases cannot be put for later. Delaying such purchases will only lead to a slowdown in productivity, in turn affecting the financial situation again.
In comes a handy financial service by the name- Instant Personal loan. Not only are they easy to apply but also the time taken for amount disbursement also works in your favor to meet your urgent needs.
Applicants need not specify the purpose of borrowing the amount. Instant personal loans are multi-purpose loans which can be used to meet any urgent need like buying a bicycle or meeting wedding expenses or in the worst case, funding medical expenses.
Any sudden need for funds can be taken care of by making this simple choice of going for the instant personal loan.
Why you should opt for an instant personal loan over credit cards?
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Repayment tenure
Credit card companies have its customers on a 50 day repayment cycle. Customers attract a hefty interest rate if they miss the deadline for paying their dues. Instant personal loans act like any other loan where the borrower repays the amount in easy EMIs.
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Interest Rates
Swiping your credit card can be cool but missing the payment on due dates consistently can lead you to credit card debt. And that is definitely not cool. The interest outgo amount keeps increasing over a period of time. You can skip through this unpleasant scenario even if you miss the odd EMI when opted for an instant personal loan.
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Tenure of loan
You are under no pressure to repay your loan amount in a jiffy as is the case with credit cards. EMI amounts are spread over 6 to 12 months and there is complete flexibility to choose the loan tenure as seen fit by the borrower.
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Loan amount
Keeping the tenure and EMIs in mind, applicants can choose a much higher amount of loan as opposed to the fixed credit card limit.
Instant personal loans can come to your rescue when there is a shortfall of funds for an urgent need. It is best to opt for one rather than swiping your credit card and increasing your debt amount over a period of time. The systematic repayment facility offered by instant personal loans might be just what you need!
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