5 Smart Ways to Make Use of an Online Personal Loan

We are all battling with financial issues today, as we are in the midst of the pandemic. An instant personal loan can help you deal with issues like this right away. Applying for a personal loan is a hassle-free way to take care of your immediate financial needs, especially in the midst of the pandemic.

Let’s look at some of the numerous methods to use a personal loan wisely during any pandemic:

1. Paying off Hefty Medical Bills

When a pandemic is ongoing, you never know what will come knocking on your door next. It is beyond your control to avoid large medical expenditures that could burn a hole in your wallet. Medical emergencies, such as the present pandemic, can be frightening since they come with a slew of responsibilities for which you are unprepared. You can use our personal loan of up to ₹5 lakhs to pay for your medical bills in these cases.

2. Refurbish Your Old Home

It is a wonderful feeling to have your old house refurbished. Taking a personal loan in pandemic for home improvement is a great option because many of us work from home and have the opportunity to renovate our homes. A quick personal loan can help you pay for any home improvement project, whether you want to change the furniture or upgrade your furniture.

You have the option of making your home look more attractive and exquisite or more functional and simple. You can even do both!

3. Pay Higher Education Fees

Managing higher education funds, such as tuition fees, stationary expenses, examination fees, and so on, amid any crisis might be a challenging task. A personal loan might help you pay for an online semester course cost or other education-related expenses if you are momentarily short on cash.

Professionals, whether salaried or self-employed, can also apply for an instant personal loan to fund certifications, short-term professional courses, or higher education.

4. To Make up For Delayed Payments or Pay-Cuts

The pandemic has had a significant impact on the business sector, resulting in job losses and payment delays. It is difficult to deal with such situations, and it simply adds to your stress and anxiety. A personal loan can assist you by reducing your financial stress and helping you to tackle the situation with ease.

5. Fund Your Business Needs

Business owners can also benefit from an instant personal loan. It is adaptable, and you are not restricted in how you use the funds. Businesses require a steady supply of cash, and a personal loan can be used to cover all your business needs, whether you need to expand, start up, meet various expenses, or put in place infrastructure. Personal loans can also be used by self-employed professionals for their business or personal requirements.

Benefits Of Home Credit Instant Personal Loan

Affordable High Value Loan: Get instant approval on a high-value personal loan up to ₹5 lakhs without any restrictions on the end usage of the funds.

Hassle-Free Disbursement: Get an instant loan online from Home Credit with a hassle-free disbursal procedure. Fulfill the eligibility criteria and furnish the documents required to get instant loan approval and expect quick disbursal of funds within a few hours.

Paperless Application Process: The process to apply for a personal loan with Home Credit is quick and easy. You can easily apply for an instant loan online from Home Credit and get instant approval.

Flexible Repayment Tenure: You can easily repay the instant loan amount in flexible EMI’s as per your convenience with a repayment tenure ranging from 9-51 months for existing home credit customers.

Minimal Documentation: To get started on your instant loan application, you only have to submit 2 documents – your identity and address proof!

No Collateral: You don’t need to provide any guarantor or security to avail yourself of a personal loan from Home Credit.

No Hidden Charges: We make every effort to make our procedures as transparent as possible. Therefore, you won’t have to be concerned about any hidden charges.

Low EMI Amount: Get an instant personal loan for up to ₹5 Lakhs, with easy EMI options.

Home Credit offers a personal loan with instant approval, zero collateral and quick disbursal of funds. Our processes are quick, seamless, and safe, and what’s more? You can get a personal loan from the safety of your own home.

Eligibility Criteria For A Home Credit Personal Loan

The eligibility criteria to avail yourself of a quick personal loan from Home Credit is as follows:

• Be an Indian citizen aged between 18 and 60 years.
• Have valid ID proof and current address proof.
• Be employed, self-employed, or a pensioner.
• Maintain an active bank account.
• Ensure a minimum 90-day interval between two Home Credit loan applications.
• Demonstrate a monthly household income exceeding ₹25,000. “Household” refers to an individual family unit comprising a husband, wife, and their unmarried children.
• Need to be an existing customer of Home Credit (should have availed Ujjwal EMI Card/ Consumer Durable Loans/ Personal Loan/ Flexible Personal Loan in the past).

Steps To Apply For A Home Credit Instant Personal Loan

Availing of a personal loan from Home Credit up to ₹5 lakhs is just three simple steps away:

• Enter your phone number and follow the next steps to check your eligibility.
• Get instant online approvals on a personal loan of up to ₹5 Lakhs.
• Get the loan amount disbursed within hours of signing the agreement.

Availing of quick personal loans during the pandemic can ensure immediate access to funds with no collateral or security. Want to apply for a personal loan but are unsure who to turn to? Apply for a Home Credit instant personal loan right now!