Life’s getting busier with every passing day, and so people are left with very less time to maintain the work-life balance. Amidst this time crisis, it certainly not possible to take out sufficient time on crucial instances such as when needs a loan. No one has the time to stand in endless queues outside banks and NBFCs to talk about and then apply for a loan. This conundrum or catch 22 gave birth to ‘finance app’ - an app that would let potential loan applicants to checkout their options and then apply for the most suitable debt product on the go. What is a Finance App? A finance app, as the name suggest, is nothing but a mobile application that lets you apply and avail credit schemes offered by the parent organisation. For instance, someone planning to take a loan can use a finance app to check out the different credit schemes offered by a particular lender, register and then apply if the scheme fits the bill. Advantages of finance app?
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |