Avail Finance (Unsecured Loan) is an app lending platform. Avail Finance provides instant personal loans to all salaried person loans, self-employed and lenders approve unsecured loans based on a borrower’s creditworthiness. Unsecured loans are riskier than secured loans for lenders, so they require higher credit scores for approval.
Your EMI payments would be deducted directly from your bank account, subject to NACH approval. Alternatively, you can pay your EMIs using online media such as debit cards, Netbanking, UPI, e-wallets, or cash via Vodafone mPesa.
After your paperless loan application is approved and you have uploaded the post-approval NACH and KYC documents, Avail Finance disburses the amount to your bank account within 1 working day.
Firstly, citizens should be Indian and aged between 18 and 60 years. We look at a host of information relating to your income, income growth, and stability, spending habits, education credentials, etc. Based on your comprehensive profile, we make a decision on your eligibility for the loan amount applied.
Loan default is a serious offense and is highly non-advisable. In such a case, RBI has mandated all banks and NBFCs to report the default to all 4 Indian credit bureaus (CIBIL, Experion, etc.). As a result, you will not be able to avail of a loan from any other bank or NBFCs in the future. In addition, we may prosecute you for default under Section 138 of the Indian Penal Code if deemed necessary.
Please let us know if you are unable to pay back your loan in due time and we will be happy to extend our best support. Typically, we charge a late payment penalty on any delayed loan repayment. The late payment penalty amount depends on your profile, loan amount, and extent of delays.
Simply, you can download our application on the Google play store, Then Fill in basic details; upload a KYC document, and Income proof Then We will notify you of your loan sanction decision on a near real-time basis upon the completion of your KYC details.
Yes, the Avail Finance app is legal, safe to use, and the best loan app in India.
Data security and privacy are a top priority at Avail Finance. We don’t share your data with any third party without your consent and all the transactions are secured via 128-bit SSL encryption
Nowadays, loans have become more accessible to borrowers once they meet the required eligibility criteria. The major concern arises with choosing between banks and NBFCs. In a Financial Stability Report, the RBI confirmed that NBFCs are outperforming banks, increasing customer satisfaction.
Avail Finance acts as a business agent/service provider for the NBFCs licensed by RBI. The NBFCs which use our service are Vivriti Capital Private Limited, Aadhar India Finvest Limited, NDX P2P Private Limited (Liqui loans), and Kudos Finance and Investments Private Limited. RBI has necessitated that trustees would need To know more, you can visit their website.
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Disclaimer: We only give information about applications, Loans, NBFCs, banks, Jobs, and New schemes by reading their website and analyzing all the things. You will get the loan through Avail Finance App.