Features & Benefits
What is Mobile Loan?
The term “mobile loan” can refer to any loan someone applies for with a mobile device.
Mobile loans can also mean a particular sort of personal loan made to acquire a smartphone in India. You may now buy your beloved phone on EMI even if you don’t have a credit card.
All of this is made feasible by the introduction of mobile lending apps from online lenders. You can apply for a mobile loan by downloading a mobile loan application on your phone and get it approved instantly. The application process of these loans is completely online with minimal documentation.
How to Apply for Mobile Loan
Download from Play Store
Just download & install the application from Google Play Store
Register on the Platform
Fill up your work and personal details in the application.
Upload the required documents
Upload a few required documents for identity verification.
Choose from the Loan Options
Choose from the list of loan options provided to you.
Apply for Loan
Apply for your desired loan.
Receive Funds in Bank
The loan amount will be sent to your bank account within few hours.
A mobile loan is a type of loan that allows you to borrow money for a variety of purposes. . There are many reputable and trustworthy loan companies that offer Mobile loans online such as SmartCoin Financials Private Limited.
When you take out an online mobile loan, you are given a certain sum of money at a fixed interest rate and can repay it for a set period of time, much as every other loan. However, there are a few features of a mobile loan that can make it more beneficial than other types of loans, such as:
It does not bind the applicant’s properties in any way. Personal Loans, unlike Home or Car Loans, which are secured by the asset against which the loan is sought, offer cash advances for your needs without including any collateral.
If you need a large amount of money for personal reasons, you can take out a personal loan. It can be for a medical/social emergency, lifestyle needs like home repairs/renovation, or even to consolidate current debts.
Mobile Loan Interest Rates
At SmartCoin, we bring you the best mobile loan rates based on your individual and financial profile as well as your requirement. You can avail of loans up to Rs 1,00,000 to meet your financial requirement. We value your expectations and budget, that’s why we will quote a suitable rate of interest that you can afford.
Please do note that the exact interest rate applicable to you would also depend on the loan tenure you select and the loan amount requested.