Navratri Personal Loan: Loan Singh’s Post Approval Process



Day-6 of Navratri 2017 approaches, and this gives us a perfect opportunity to access the post approval process for your Navratri Personal Loan. The next 3 days of Navratri are said to be the most festive, and these will be followed by the big day of Dussehra. You know how to get an online personal loan, you understood about the easy documentation at Loan Singh, you also got to know what is the digital application process at Loan Singh; So, today you will understand how organized and hassle free is the post approval process at Loan Singh. Day-6, of the nine days of Navratri, is devoted to Goddess Katyanani who is responsible for emancipating courage. It is time we look to Loan Singh as that option that will give us financial freedom this Navratri and, further, to a prosperous Diwali.


Loan Singh’s hybrid lending platform

Loan Singh’s hybrid lending platform allows lenders to invest and borrowers to avail funds. With personal loan being an unsecured form of credit, there is no collateral to be provided by the borrower. The only way Loan Singh can mitigate the risk of default is by checking each borrower’s credit score. This score tells Loan Singh about your credit repayment history and how diligent you have been with your credit responsibilities. Loan Singh uses your personal details, financial information and social footprint to determine your credit worthiness. No photocopies, scanned documents or reference paperwork is needed.

To cater to the 10 days of festivities, during Navratri, 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.

The best place to get a really quick and easy personal loan is a digital lending platform – such as Loan Singh. For salaried individuals, to gather up funds to celebrate Navratri within a short span of time is possible only through digital means; as traditional banking solutions would take up to weeks to disburse the funds. For a personal loan, the borrower’s credit worthiness determines if he/she can pay the loan EMIs regularly and, that too, without straining his/her daily living. Your credit report acts like a gauge for Loan Singh. It shows how prompt you have been in your previous credit responsibilities and how much trustworthy you are. Loan Singh is perfect because of

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

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


Being Loan Singh eligible

Before you begin the quick and easy application process at Loan Singh, check the following eligibility criteria required for a personal loan.


To avail a personal loan from Loan Singh, you need to be a salaried individual with a minimum monthly salary of Rs.15,000.

Credit score

Loan Singh looks at your credit score, to evaluate your credit worthiness, before approving the loan. A credit worthy borrower is someone who has been prompt in his/her previous loan EMI payments, maintains a good credit utilization ratio, has been paying-off his/her credit card bill on time and has never overspent over the credit card limit. If you have never availed of a loan before, you will have no credit history. In that case, you need to be salaried for at least 3 months to be eligible for a loan at Loan Singh. The lower your credit score, the lower your chances of being eligible for a personal loan.


You need to be at least 21 years of age to be considered eligible for availing a personal loan with Loan Singh. As mentioned above, you must be of Indian nationality and salaried, as well.

Financial stability

You need to have a stable monthly income. A good budget is advised to avoid times, when you might find it hard to pay-off the loan EMIs.


Application process at Loan Singh

Not only is personal loan the best alternative for quick funds, Loan Singh’s quick and easy application process also helps you get the funds you need for any financial emergency. The process to get an easy and quick loan with Loan Singh, is mentioned below:

Get Started Page – Select ‘PERSONAL LOAN’ from the drop-down for ‘Loan Type’ and enter the loan amount with the desired repayment tenure.

Registration page – Add your contact number, personal email ID and corporate email ID

Social Authorization – Connect your Facebook, Google+ and LinkedIn profiles for discounted rates

Profile Page – Fill in your name, gender, father’s name, number of dependents and PAN Details. We use your PAN Card Number to check your Credit Score and as a KYC document.

Address Page – Choose your type of residence; mention your street address, city, state and pin code.

Job Profile Page – Mention your current designation, total work experience, company name, highest qualification, last institution attended and monthly salary.

Financials page – Upload your latest 6 months bank statement from your computer, your GMail account or from your net-banking account.

Auto Debit Page – Provide permissions to your bank name, account number and IFSC code so that Loan Singh can auto debit the EMI amount from your account every month. This way you don’t need to set reminders or miss-out on any loan EMI repayments.


Advantages of Loan Singh

Availing a personal loan through a digital lending platform is advantageous compared to traditional lending institutions, such as banks. Some of these advantages are

Hassle free Process – No requirement of paperwork; nor is it required to run from bank-to-bank. You can apply for a personal loan from your home, your office, your friend’s barbeque party, or from wherever you want to.

EMIs – Loan Singh’s EMI Calculator, lets you find out your monthly EMI repayment amount before you even apply for a personal loan. You can track your loan status by logging onto your personal dashboard. Loan Singh’s auto debit feature allows you to make EMI payments without missing any due-date.

Varied purposes – At Loan Singh, you can avail a personal loan for a number of reasons such as medical emergency, wedding, travel, gadget funding, relocation, etc. You will have the funds in your account in upto 36 hours from loan approval.

Secure platform – With Loan Singh being SSL certified, all the information you share is private and protected.


Loan Singh’s Post Approval Process

The awesomeness about Loan Singh does not just stop once your personal loan approval is done; you can also look-up to the post approval process which helps you to continue with the digital aspects of personal loan fulfilling.

Amount disbursement

Every borrower, whose personal loan application is ‘Approved’ or ‘Rejected’, gets notified via an email. It is obvious that a digital lending platform, such as Loan Singh, will make use of digital means to inform borrowers of any event. Sometimes, borrowers are found eligible but fall short of an approval due to a missing piece of information or incomplete data. Such borrowers are intimated via an email, SMS and phone call. Just like the US Military slogan ‘never leave a man behind’, Loan Singh also tries everything to get a credit worthy borrower to avail a personal loan.  In case your personal loan is approved, the sanctioned loan amount is transferred to your listed bank account via NEFT/RTGS payment mode. Netbanking is the fastest, secure and most commonly used mode of fund transfer. It is also advisable to provide Loan Singh with your latest bank statement PDF via your netbanking account. The disbursed loan amount is dependent on your income.

Loan information

Loan Singh’s platform allows borrowers to view all of their loan related information at one place. Each borrower can log on to his/her dashboard and keep track of EMIs paid, the balance amount pending, loan tenure and EMI due-dates.


Borrowers can make loan EMI repayments via netbanking or NEFT. Net-banking, being swift, is the best method. You wouldn’t want to miss-out on the EMI payment due-date, would you? Providing a NACH mandate to Loan Singh, authorizes Loan Singh to deduct the monthly EMI amounts directly from your bank account. This auto debit feature ensures you don’t ever have to miss any EMI. In case you miss out on any EMI, Loan Singh will then levy a penalty.


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