Taking a personal loan during the festive season

Taking a personal loan during the festive season

Check your eligibility and the need

There are fintech players such as Stashfin that can help you with the right amount of funds that will cater to your needs which traditional banking players may not be able owing to their underwriting capabilities and the way they are able to scale up very quickly given the demand for the season.

Keep your credit score high

The importance of a good credit score goes up even more. Based on your credit scores, your eligibility and rate of interest will be decided. Therefore, it’s a good idea to check your credit score regularly. Also, make sure that you pay EMIs on time.

Beware of frauds

Don’t fall for debt trap or share your personal details such as CVV/OTP or click on any suspicious links as certain fake apps also get very active during this period

Check all T&Cs and charges when taking a personal loan

It’s important to read all the documents carefully to ensure that there are no hidden charges in the loan that you are borrowing.

Check the background of the fintech players

It’s important to check the background of the apps and take personal loans only from RBI-regulated entities so the processes are seamless.

Given the surge in the demand, players like Stashfin have exclusive offers and benefits for their consumers such as Instant funds up to Rs. 5 lacs, direct bank transfers, attractive interest rates, instant approvals, quick process, which is completely digital, exclusive rewards.

To apply for a Stashfin loan, you can download the app here Stashfin – Credit Line & Funds – Apps on Google Play or apply on the website Stashfin