Mobile technology has changed our life considerably that we cannot even imagine living a moment without a mobile phone. This simple hand-held instrument has evolved rapidly into a multi-featured device over a span of ten years. The introduction of mobile apps has brought significant developments in business sectors, especially the financial sector, in which most banks are successfully integrating mobile apps like a loan app into their financial solutions.  

With a finance loan app, they can not only enhance customer convenience and accessibility to various financial products but also guarantee customer satisfaction. Earlier, banks had a tedious loan application and evaluation procedures. The use of mobile technology and applications has drastically transformed the process. You can apply and obtain a loan online instantly without compromising your privacy.

Easy steps to avail an instant loan on a personal loan app

If you are looking for instant funds to meet an emergency financial situation, you can have it using an IDFC FIRST Bank insta loan app. All you have to do is to follow some easy steps like:

• Download Loans app from the Google Play Store or Apple App Store on your smartphone
• Register your name using your user ID and password 
• Fill out the basic information like your name, date of birth, address, gender, contact details, etc.
• You have to also provide your present employment status like your occupation, employer’s name and annual income
• Next, you have to select a flexible loan amount and a suitable EMI repayment schedule
• Provide your bank account details
• Upload the copies of scanned documents 
• Get an instant personal loan after the successful processing of your digital application form   

Various features and benefits of a personal loan app

Be it for any purpose like a marriage, home renovation, debt consolidation, vacation, or medical emergency, you can avail a personal loan quickly on the IDFC FIRST Bank instant loan app. With unique features, it makes the loan application and approval process easy. Some of the important features of the app include:

• An instant personal loan of minimum Rs 20,000 to a maximum of Rs 40 lakhs
• A loan tenure ranging from 12 months to 60 months
• An interest rate starting at 12 percent to a maximum of 24 percent 
• A processing fee of approximately 3 percent is charged on every successful loan application.

As for the benefits of an IDFC FIRST Bank app, you can:

• Borrow money anytime; with the loan app on your mobile phone, you can apply for the required funds immediately by filling out the application form and submitting necessary documents at one go.
• The documentation process is hassle-free and simple. All you need is a completed application form, three months’ bank statement, debit card details or net banking to set up e-Mandate, PAN Card and Aadhaar Card details and e-Sign.
• Easy tracking of your loan application
• Quick approval and disbursal of the loan amount to your registered bank account

You can now apply for an instant personal loan on the IDFC FIRST Bank loan app on the go.