Fast-paced technological reforms are reshaping the financial services ecosystem globally. The world has moved from traditional financial institutions for any banking activity taken up to digital platforms to execute banking operations online. Getting a loan offline is troublesome due to many formalities that banks and financial institutions ask you to fulfill. The issues borrowers usually face, while applying for a loan are their salary slip, credit score, income proof, etc. If you are salaried and have all the required documents then, you can opt for a loan from the banks But for self-employed and non-salaried people, getting a loan becomes difficult .
If you’re self-employed and running here and there for a loan, your search ends here. PLANET APP by L&T Finance offers loans to self-employed people with few formalities. You are not required to visit the institution or bank; you only need to download the app and start navigating.
PLANET APP is available on the Play Store and App Store. After the download, you need to follow some simple steps for registration using your registered mobile number. Once you have registered, your account will be logged in, and you can avail app services.
The App can be used from anywhere in the country, be it rural areas or metro cities. The mere requirement to use the app is a smartphone. The App allows you to choose your preferred language from 12 available options, so the language is not a bar to use the app.
How Does the PLANET APP Help Self-Employed or Non-Salaried People?
PLANET APP was developed keeping in mind the monetary requirements of those who don’t have income proof or a salary slip. The app offers loans to both salaried and nonsalaried people without any income proof. Moreover, you are not required to present any collateral or security to get the loan. You will be amazed to know that the PLANET APP completes the approval process and transfers the amount to your account within 8-10 minutes. The loan application journey at the PLANET APP by L&T Finance is 100% paper-free and digital.
The PLANET APP offers various loans, such as consumer loans and two-wheeler loans. There is a difference in the application process and usage of both loans. Let’s discuss them one by one.
Consumer Loan
As the name suggests, the consumer loan is designed for the consumer’s personal needs. When you apply for this loan, you receive money directly into your account, and no one will ask you for the details of your expenditure. However, while applying for a loan, you must enter reasons, such as weddings, vacations, home renovations, etc.
The consumer loan is available at a reasonable interest rate starting from 12% p.a. The process is effortless and can be completed in a few steps. The steps include filling out the application form, choosing the offer, Digital KYC, and the bank details and e- signature on the agreement. The documentation required for the consumer loans is nil, and the amount you can apply starts from Rs. 50,000 to Rs. 7,00,000 for up to 24 months of tenure.
Two-Wheeler Loan
The Two-wheeler loan facility is available for those who need a bike and don’t have enough money to buy one. If you are a self-employed person and require a bike, you might have faced many issues in getting the loan. But here, the PLANET APP offers simplified loans to customers for Two-wheeler. Along with this, the app offers home delivery and a test drive option. No matter in which state in India you are living, you can apply for a Two-wheeler loan PAN India. The Loan is available to the consumers without any income proof and collateral. The documentation required for a Two-wheeler loan is almost negligible. .
Getting a Two-wheeler loan is an end-to-end process and offers you a wide range of Two-wheelers to select from. To apply for the loan, you must choose the product you wish to buy, upload the documents and wait for approval, which takes only a few minutes. After the approval, you need to sign the agreement digitally, and you will get the home delivery of the Two-wheeler in a few days.
Making your dream come true is the best feeling; the PLANET APP knows that it offers you financial support to meet the expenses without touching your savings. The Easy EMIs will help you replay the loan without any tension.
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