Avail Finance Loan

4.3

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Processing Fee

?600

Max Tenure

1 - 8 Months

Best Rate

2%

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Avail Finance Loan

Avail finance loans are offered by Avail Finance. This finance provider provides instant online loans that are customized to allow borrowers easy access to personal loans at any time and from anywhere in the country. A borrower may require a business loan at any point for catering to different life situations such as marriage, medical, education, etc. This is when an Avail finance loan can come in handy for a borrower.

Avail finance loan – what are the features and benefits?

The necessity of a personal loan may arise at any point in an individual’s life, especially when his/her income is not sufficient to meet certain life goals or is unsteady. In such situations, asking for funds from friends and family can be avoided by borrowing a personal loan from a known lender.

Loans granted by informal institutions may be quite expensive and oftentimes these are unsafe too.

Avail finance was established by Ankush Aggarwal and Tushar Mehndiratta in 2017. The company offers various customized financial products to cater to the needs of the gig-economy culture being increasingly witnessed across India.

Some of the product offerings include:

  • personal loans, 
  • salary advances, 
  • savings etc, 

The main objective of this finance provider is to help borrowers be financially included and independent.

Avail finance loan – how to apply

The Avail finance instant online loan app allows borrowers to avoid any kind of embarrassment and harassment by borrowing through a formal loan channel. Avail finance offers unsecured online personal loans that are easily and quickly dispersed through a hassle-free personal loan application process involving minimal paperwork. Avail finance is also known to offer low interest loans that can help in building a borrower’s credit history by making timely and simple loan repayments.

Avail finance loan – products offered

Some of the unique product offerings of Avail Finance that are offered through its app are as below:

Saathi salary account

Here are the top features of this product offering:

  • Competitive interest rates - The finance provider offers 6.25% interest on a salary account maintained with Avail
  • Zero balance requirement and no hidden charges – Customers can enjoy the benefit of no minimum balance to be maintained in the account & complete access to finance in their account
  • User-friendly banking experience – The app provides 24x7 customer support to ensure easy and quick query resolution
  • The app offers 8 different languages for enhanced user experience
  • Avail finance offers a debit card for the family
  • With the help of a financial advisor attached to every account, customers can also learn more about expenses & different ways of saving
  • Customers can get a wide range of additional features & benefits through the account

Pre-loaded credit line

Here are the features of this financial offering by Avail Finance:

  • Through the app, borrowers can avail of a pre-loaded advance salary of up to Rs. 10,000
  • Borrowers can get a dedicated credit line that can be used as a top-up on the account for availing extra cash to manage month-end liquidity gaps
  • Top up facility comes as an instant disbursal without requiring borrowers to upload any documentation
  • The finance provider offers flexible repayment 
  • It acts as a one-stop solution to meet personal short term credit requirements

Financial management through a few clicks

Here is how one can avail financial management services through a few clicks using the Avail Finance app:

  • The app ensures that borrowers can stay safe while availing finance facility through a few clicks on their smartphones
  • The finance provider offers bank-level security to ensure that a borrower’s hard-earned money is kept safe.
  • The app comes with certain spending limits
  • With the use of financial management services, one can get a better hold on both online & offline financial transaction limits
  • One can also request a new card or hotlist an existing card with a single click on the app. The app allows easy management of cards to avoid frequent bank visits

Instant loans for every credit need

Mentioned below are the top features of Avail instant loans that cater to the credit needs of borrowers:

  • These are quick loans that start from Rs. 5,000
  • Borrowers can get instant loans from the Avail finance app 
  • The finance provider offers affordable loans through the app
  • The loans come with features such as low interest rates and minimal processing fees
  • It involves the paperless application
  • Applicants can apply for this alone using 3 easy steps through their smartphone

Conclusion

Availing a personal loan from Avail Finance can be one of the easiest ways to arrange finances for fulfilling different personal needs. More importantly, it doesn’t require a borrower to pledge any of his/her assets to get the loan. Borrowing funds also comes with a cost in the form of interest payments, processing charges, different documentation requirements, etc. Therefore, using the Avail finance app for availing of a personal loan can be one of the best options since it comes with low interest rates, minimal paperwork and a hassle-free application process.

FAQs

1. What is meant by a personal loan?

A personal loan is an unsecured credit facility that can be availed by individuals to meet different personal finance needs.

2. How do personal loans work in India?

You can easily get a personal loan online using Avail finance personal loan offerings on their app. The app has hassle-free and easy documentation plus a loan application process.

3. Which one is better for reducing EMI amount or loan duration?

A reduced EMI over a longer loan repayment period results in total interest outflow being higher. However, it also means smaller monthly outflows that allow maintaining stability in the monthly budget. Shorter loan tenure can result in higher EMI payouts and lower overall interest outflow on the loan. Therefore, it is ideal to opt for an EMI amount that maintains the balance between your budget and total interest outgo.

4. How can I get the lowest interest rate on a personal loan?

You can avail of a low interest personal loan by making a personal loan application on the Avail finance app. The app has minimal documentation, hassle-free disbursement, and competitive interest rates on personal loans.

5. How does credit score affect personal finance?

A Credit score is a 3-digit number based on one’s repayment history. A high credit score results in better chances of easily availing a personal loan at lower interest rates. This, in turn, helps manage one’s personal financial situation in an organized manner.

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