Personal Loans – This Year Try Digital LENDing For Diwali SPENDing

Digital lending platform is the best way to apply for a personal loan online. Online loans help you spend for Diwali for offers with personal finance loan.

Diwali is a week away, and if you haven’t made arrangements to buy gifts, appliances and gadgets, then you better start spending right now. Wait a minute!

You have bills to pay, rent or mortgages to clear, and still be required take time off from your busy schedule, to stand in bank queues. All this, just to get a delayed approval or an outright rejection (if first time loan applicant). To be able to celebrate Diwali with no stress or financial hassles, you need an easy and convenient platform to get the funds within a short time.

What option do salaried individuals have when trying to avail funds for spending for Diwali? Heard of ‘Digital Lending’? It is online, fast, convenient and does not give you a delayed response. But how does digital lending replace the traditional process of banks? Let’s find out…

Click here, to understand all about a personal loan in India

What is Digital Lending?

No human intervention in the loan application process allows for an efficient system. With the number of documents down to just two – PAN and Bank Statement PDF (that too fetched from your net-banking account), you save precious time instead of going around accumulating multiple documents and attestations needed by traditional lending institutions, such as banks.

Technology has equipped a digital lending platform, such as Loan Singh, to serve salaried and underserved individuals like you. Loan Singh’s mission is to improve on the traditional banking pain points such as delay in loan approval, the time taken in disbursement, etc.

With digitization enabling Indians to make use of online payment modes, the option to avail an online personal loan does not seem farfetched. Eligible salaried individuals are provided funds based on their creditworthiness.

A digital lending platform is set-up in such a way that the borrower’s personal information, financial information and social authorization are evaluated by the platform; and his/her creditworthiness is calculated. Loan Singh then decides if the loan is to be approved, or not. No bank statement photocopies, no attested documents, no reference forms and no heaps of application forms are needed. With no time wasted in the documentation, this mode of personal loan disbursement is faster and quicker than traditional lending solutions.

Click here, to understand everything about credit score in India

Why Try Digital Lending?

With ‘Digital India’ gripping the nation, digital lending was not going to stay behind especially with India’s under-served millennial population struggling to avail funds via traditional means. With the combination of borrower data, algorithms and technology, the question arose as to what could be done with this trident to solve the daily financial problems that were affecting India’s millennial generation.

Financial Services are the largest digital contributor to India’s GDP. The idea is to have a simple platform that provides quick, yet effective, financial services with good value. There are more and more millennials ready to accept a digital outlook to solve their financial problems. The need for digital lending arises mainly due to the shortcomings in traditional lending solutions. Some factors that govern its rise are


Making use of technology certainly puts a digital lending platform in the driver’s seat. For loan processing there is a system required to check the documents, process the loan and disburse the approved loan amount. All this is done with the help of credit models – that make use of borrower data. Digital lending allows for continuous upgrade of tools that are needed to make the loan experience faster and better.


Imagine not needing to travel bank-to-bank with documents, photocopies and application forms. With digital lending, the documents can be retrieved from the borrower’s internet banking account or simply uploaded from the computer. The borrower’s credit report is fetched online and helps a digital lending platform to provide collateral-free personal loans. So, without actually seeing the borrower, the loan is approved and disbursed.


There is minimal human intervention involved with digital lending. There are no executives physically accepting your application form or your documents. Therefore, there is no chance of partial tampering of documents or unbiased loan decisions, via the route of digital lending. Digital lending also shortens the credit assessment time.


A simple online application form replaces the pile of exhaustive paperwork that could take-up an hour to fill, along with references and signatures.


With traditional lending solutions taking up 3 days to get the loan disbursed, a digital lending platform will do the same within 36 hours if the eligibility criteria are met.


Lending money is an activity that involves handling of sensitive borrower information – including the financials. This makes it paramount to protect the data. There are occurrences reported of identity theft and website hacks that make an applicant skeptical to depend solely on digital lending. But, the hallmark of a good digital lending platform is making use of SSL layers for encryption.

Online Diwali Loan

One of Loan Singh’s unique offerings is to provide an online personal loan to salaried individuals who have never availed credit before. To cater to the long list of Diwali expenses, it is obvious that you need a source of funds to celebrate the festival in all its pomp and fervor. Personal loans are unsecured loans that are availed to meet these exact fund requirements. As it is an unsecured loan, it does not require any collateral.

Loan Singh looks at your creditworthiness to determine if you can pay the loan EMIs regularly, or not. The idea is to not strain you with credit but to make sure that your salary and savings permit you to avail credit. Your credit report acts like a gauge for Loan Singh. It shows how prompt you have been in your previous credit responsibilities and how trustworthy you are. Loan Singh is perfect because of

No collateral – Having no collateral gives personal loan an advantage over a secured loan. Even if you do not own any fixed assets, you can at still get funds from Loan Singh.

Multiple purposes – A personal loan can be availed for a number of purposes such as shopping for Diwali, purchasing household appliances, electronic gadgets, purchasing gold, holiday travel, home improvement, job relocation, medical expenses, marriage, etc.

Personal Loan Benefits in India

Loan Singh’s hassle-free process and quick approval personal loans are perfect for salaried individuals like you who are too busy to even get a rest. The attractive EMIs and interest rates at Loan Singh, make personal loans affordable to repay back. Add luxury to your mundane lives without putting too much strain on your finances. Your dreams are our dreams. We help turn your dreams into reality. Brand new appliances and electronic products are also needed in case you are relocating due to your job. The job relocation personal loan at Loan Singh helps cover exactly this.

Loan Singh’s emi calculator will help you understand how much you need to pay in order to clear your consumer durable loan. The calculator only needs your intending loan amount and tenure for telling you how much you need to pay each month. A personal loan can be availed between Rs. 50,000 and Rs. 10 Lakhs.

Another huge benefit you have with a Loan Singh online personal loan is that you have the freedom to choose where you want to spend your loan amount on. You can apply for a shopping loan and utilize the cash to spend on an Amazon, some on Flipkart or some on Snapdeal. Unlike so many ecommerce websites that let you gain discounts for possessing a debit card or points of a particular finance provider, Loan Singh’s personal loan can be utilized to be spent on the website you want and on the product you want to spend on.

About Loan Singh

Loan Singh is a digital lending platform that prides in providing online personal finance loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.10,00,000 taken for purposes such as:

You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement and PAN, for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd and is a partner to the Airtel Online Store.

Loan Singh’s Online Presence

Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. You can find us on Loan Singh Facebook, Loan Singh Twitter, Loan Singh Google+, Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Business, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Storify, Loan Singh Digg and Loan Singh Blogger.

Shopping loans are the best for spending on festivals such as Navratri, Dussehra, Diwali and Dhanteras. Enjoy the best by going to Loan Singh.

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