FinTech, the word is enough to feel the zeal of revolution, the technology is driven finance market has brought. The loan market now has a new approach and a new wave of change. Gone are the days of rational but stringent mainstream lending.
Yes, people have more inclination towards the mainstream banks but hey! One should always try new things. In previous days, financial crisis small or big was a matter of concern, specifically for those in need of funds.
Long procedures, physical verifications, everything seems to be very annoying, right? But things are different now.
Now you do the same thing in a few minutes and in a few clicks. Most importantly, the loan products are much more efficient than before due to their online presence. For instance, the 12 month payday loans are always the magnet of the loan market.
The reason you know, yes the speed. Online platform makes it even more convenient, in fact, online lending is the reason of the emergence of payday loans. Now only best comes to serve when you apply for these loans online. There is much more to know about the good side of these loans but only due to the FinTech.
What betterment has FinTech added to the 12 month payday loans?
There are many positive things that now accompany the payday loans and you should know about them.
SIMPLICITY IS THE BEST POLICY and the loan process follows this
1, 2 and just 3 clicks are enough to see the desired loan amount in your bank account. The loan procedure of the
1 – Apply online – Submit an online application form, do not worry, nothing time-consuming. Only few basic personal and financial details.
2 – The approval decision comes – Once again, do not worry; approval decision comes in a few minutes.
3 – Get funds – If you are approved for the loan, disbursal happens quite fast.
Approval decision comes in 30 seconds and fund disbursal happens in 10 minutes. Simple and Swift, all thanks to the online loan culture.
A better and liberal approach towards bad credit
Gone is the time when having bad credit was a huge reason for grief. Banks and mainstream institutions do not provide much help to bad credit people.
However, now the picture is different. FinTech lenders provide funds to bad credit people; they focus more on your current financial status than the credit score.
Good repayment capacity is all that they want. Prove that and the approval comes in seconds. You can say that after the hold of FinTech on the finance industry the loan marker has become friendlier to the borrowers. Bad credit people can also get payday loans for 12 months.
Personalized pricing with countless choices
Now you do not have to take loans on those intimidating rate quotes. There are countless loan lenders online, ready to serve you best possible deals. However, forget not that some fake names exist there and it is better to be on your toes and avoid over-popularised rate quotes.
No broker bridge, complete transparency
This is perhaps the best gift of FinTech to the borrowers. Apply for the loans from the website of the direct lender, track your loan application every second and if approved get the funds in the account directly. No brokerage, no uncertainties, in short, everything while availing 12 month payday loans stay in your hands.
There is much more that you can realise but only when you use the FinTech platform for any purpose. Do that and see the futuristic change on your own.