Benjamin Franklin once wrote, “in this world nothing can be said to be certain, except death and taxes”. The credit cycle can be added to that list in the present world scenario. The inflation and the unstable economic conditions have made credit a necessity in making businesses and ultimately the world go around. In the eyes if the customer, a particular credit product has taken center-stage – the instant personal loan.
What are instant personal loans?
An Instant personal loan is a type of unsecured loan that can be availed to meet fiscal deficits. Salaried and self-employed individuals can avail this loan which has flexible a repayment tenure and an economical rate of interest. Banks and Non-banking Financial Institutions usually give out these types of loans, however, in recent times Fintechs too have registered a strong presence.
Who are Fintech lenders?
Fintech lenders are financial institutions that make use … Read the rest