How’s it going Friends? I am back with today’s ‘Travel-Finance’ amalgamated blog post. Come September, we will slowly be rising from the gloom of the rainy season, to embrace the excitement of the festive season. August sees Onam spread 10 days of cheer. September will be the time for “Aala Re Aala Ganesha Aala”. October will see the 9 days of Navratri with Diwali taking over November. The year would be done with Christmas and New Year.
Travel Personal Loan
All this, not just pumps us for the exciting times ahead, but also sets in motion the plans to go on a travel holiday with family or friends. In today’s post, we will look at how you can manage your finances when travelling. No cash to book a swanky hotel or book flight tickets? No problem! We will also tell you which the best personal loan website is to apply for a travel personal loan.
Online Personal Loan in India
The emphasis on banks and offline lending services would be to focus on building a seamless and digital application process. Everyone is already using smartphone and nobody has the time to visit the bank to wait in long queues. Faster credit underwriting is one more area which needs improvement by offline lending services. Time and research has to be spent to understand what millennials are looking for. There has to be a well-structured strategy, keeping in mind competencies. Two areas where digital lending platforms trump over traditional banking credit application process are:
Flexibility – Architecture and systems for online lending are flexible to customization. Real time requirements such as addition of external APIs can be added on the go.
Design – The design is focused on the end user. Understanding borrower profiles, their demographics, social media presence, etc. are taken into consideration, providing a more filtered and enriched applicant profile.
Eliminating paper and cutting time delays should be the priority for offline lending services. The friction that is caused due to unending paperwork and approval time has to be addressed. Digital analytics is needed to better understand borrower needs and that too in real time. Alerts, notifications and intimations need to be sent out in real time as and when the loan application is submitted, approved and amount disbursed.
Online Personal Loan Benefits
A personal loan is an unsecured loan that solves your quick fund requirements. As it is an unsecured loan, it does not require any collateral. For salaried individuals, being able to arrange for funds within a short span of time, is not possible via traditional banking solutions. These solutions take up to weeks to disburse funds. For a personal loan, the borrower’s creditworthiness determines if he/she can pay the loan EMIs regularly, and that too, without straining his/her daily living.
No collateral – Having no collateral gives a personal loan an advantage over a secured loan. Even if you do not own any assets, you can at least get funds from Loan Singh.
Multiple purposes – An online personal loan can be availed for a number of purposes – such as paying for online shopping, buying consumer durables, celebrating festivals, buying used vehicles, buying the latest gadgets, traveling for a holiday, home improvement, job relocation, medical emergencies, home renovation, marriage or wedding, etc.
Best Online Personal Loan Website?
If banks are slow to provide quick personal loan digitally, then which is the best online personal loan website to trust? Despite India’s digital lending sector still being in growth phase, one Fintech player has managed to tread farther than others in the segment.
The name of this Fintech is Seynse Technologies. Seynse Technologies are not just developers of Loan Singh – a digital lending platform which lets salaried individuals apply and avail quick online personal loan, but also is a proud partner in launch of the Airtel Online Store.
Loan Singh Review
Loan Singh presents a number of advantages over other online platforms. Some of these advantages are
- Minimal documentation
- Fixed monthly EMIs
- No hidden fees
- Easy online loan application process
- Transparent process
Managing Finances When Travelling
When travelling, either overseas or within India, it is important to stay calm and remain stress-free with regards to our finances. Managing your finances on an overseas trip shouldn’t be much of a problem given the advancement in digital payments and transactions. Making transactions are now safer and swifter.
While travelling, ensure that you are carrying hidden pouches and portable wallets which can easily be concealed. These hidden pouches can come in handy in case your primary stash of cash get stolen. Making heavy use of debit cards abroad can lead to added exchange rates and withdrawal fees to deal with.
Alerts on Your Smartphone
It is so much easier to keep track of the total funds carried for the trip and the total expense that is needed to spend out of that. Most banks or financial institutions have developed their own smartphone apps. This makes it easier for transfer of funds, making cheque deposits (via picture), checking balances and much more. With the whole bank branch at your fingertips, you are pretty much set for the holidays.
You can also keep track of your mutual fund investments or involve yourself in day-to-day trading while still having fun. The alerts and notifications can keep you updated on transactions that you make and also in case there is some sort of fraud initiated.
Track Your Daily Spending
This can also be accomplished by your smartphone. Tracking your spending is an integral part of managing your finances, while travelling abroad. Note how much is being spent of miscellaneous expenses, travel, food and accommodation. Manual take down of notes is great but its best you download a Memo app. Some apps let you create trips and set the budget as per the amount you have applied for via personal loan.
Notify Your Bank/Loan Singh
It is always recommended that you notify the different bank branches you hold an account into. Also, notify Loan Singh about your travel. In case, you are in the process of paying your EMIs every month, there shouldn’t be any missed payments due to shortage of cash in your account. Banks usually include a ‘travel notice’ to your account, so that in case of any fraudulent activities, the bank can be alerted and block your card.
Loan Singh is a digital lending platform that prides in providing online personal 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.5,00,000 taken for purposes such as:About Loan Singh
- Home improvement loan/Home renovation loan
- Marriage loan/ Wedding loan
- Medical loan
- Used vehicle loan
- Consumer durable loan
- Vacation loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Travel loan
- Festival loan
- Shopping loan
- Lifestyle loan
You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement, PAN, and Aadhaar 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’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 YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Review, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Storify, Loan Singh Digg and Loan Singh Blogger.