Instant Loan App

When people need money, the last thing on their minds is to apply for a line of credit (LOC). The first thing that springs to mind is going to a bank for a standard fixed- or variable-rate loan, putting credit cards to use, borrowing from relatives or friends, and so on. And this notion is because of the lack of clarity regarding the concept of credit line or line or credit. This post explains the concept of a credit line and how it works. What is Credit Line? A credit line or line of credit (LOC) is a predetermined borrowing limit that can be accessed at any time. The borrower can withdraw funds as required until the limit is met. In the event of an open line of credit, money can be withdrawn again as it is repaid. An LOC is a contract between a financial institution (often a bank or NBFC) and a customer that specifies the maximum amount of the loan that the customer is eligible to borrow. The borrower can withdraw funds from the LOC at any moment as long as they do n...

Small business owners such as retailers often find themselves in a situation where they face liquidity shortages and need funds for a very short duration to meet immediate business expenses. Going through the lengthier process of a loan can be quite time-consuming and irritating. However, there are options that retailers and business owners can try to get instant credit to fulfil their business requirements. Today, there are many  loan apps  that help in  urgent  scenarios and offer short-term credit. Let’s check out the 3 benefits of business loan apps. 1.      Easier Loan Application Process When you seek a short-term credit or business loan from apps like ePayLater , the entire process gets easier. All you need to do is sign up on the app using your mobile number and then follow the subsequent steps to complete the application process. 2.      Speedier Approvals The online option is undoubtedly the quickest way to...