Know what you can do with a loan app

Mobile technology has revolutionized the finance industry, especially the banking sector. Almost all the banks in India have designed their own mobile apps with varying degrees of functionality, from checking one’s account balance and making payments to applying for a personal loan and setting up auto payments. By taking the services to the customer’s place, banks are adopting a more customer-centric approach. A personal loan app is a step towards integrating banks’ financial solutions into mobile applications, and thereby, satisfying the financial needs of customers.

The retail banks have to reconsider their business strategies which were more or less designed to suit conventional banking operations. Instead they have to embrace the fast-developing mobile technology to serve the younger demographics, including the millennials who use smartphones to perform most of their activities such as shopping, banking, etc. 

 About IDFC FIRST BANK’s Loans App    

Digital banking has helped introduce instant loans, which are opted by most people for the quick processing, approval, and disbursement of the loan amount. Most banks like IDFC FIRST Bank have designed their own bank loans app to assist their customers apply for instant personal loans from any place. Other than this, it also helps one to obtain other loans such as mobile loans, business loans, vehicle loans, home loans, and more. 

IDFC FIRST Bank’s Loans App helps it connect with the borrowers of different types of loans easily. If you are looking for an instant mobile finance, all you have to do is to register your details with the app and follow a few simple steps, which are explained below.

How to apply for a mobile loan?

Smartphones have become indispensable, for they help you perform innumerable activities using mobile applications. Hence, owning a smartphone with the latest features is anyone’s dream. With a IDFC FIRST Bank’s personal loan app, you can avail mobile loans, which have attained much traction these days. They help you realize your dream of buying your favourite mobile phone. 

Through its Loans App, IDFC FIRST Bank offers you an excellent facility of getting a mobile loan. To apply, you have to go follow some easy steps:

1. Go to the Apple App Store or Google Play Store on your mobile and download IDFC FIRST Bank Instant Loans app
2. Log in using your User ID and Password 
3. Provide your basic details to receive the approved loan offer
4. Choose the EMI schedule, which is 36 months
5. Fill in your personal information like your name, address, date of birth, mobile number and your present employment status, which includes your employer’s name and your occupation and annual income
6. Submit the application form, along with the necessary documents and receive the approval quickly

Advantages of using a loans app

You can easily avail mobile loans on the IDFC FIRST Bank’s Loans app, which are designed to offer several benefits like:

• Pre-set credit limit
• Dynamic credit limit
• Paperless documentation 
• No cost EMI
• Flexible EMI repayment tenure
• Instant approvals

It’s time that you fulfil your desire of owning your choice of smartphone using the IDFC FIRST Bank’s Loans app.