Applying for a Personal Loan (Online vs. Offline)
NBFCs provide completely paperless loans through online applications. However, the offline method of personal loan application is not completely dead. Usually, there are two ways to avail of personal loans, you either visit the lender’s branch or apply for the loan offline or you can visit the lender's website from the comfort of your home and avail a loan online. Apply for Personal loan here: https://www.fullertonindia.com/personal-loan.aspx
NBFCs provide completely paperless loans through online applications. However, the offline method of personal loan application is not completely dead. Usually, there are two ways to avail of personal loans, you either visit the lender’s branch or apply for the loan offline or you can visit the lender's website from the comfort of your home and avail a loan online. Apply for Personal loan here: https://www.fullertonindia.com/personal-loan.aspx
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ONLINE
OFFLINE
Apply for online anywhere
or you choose the best
suitable time.
You can only apply when
lender official available.
ONLINE
OFFLINE
Upload your documents
online and get approval
instantly.
Submit all the documents
with a lender official and
wait for verification.
ONLINE
OFFLINE
You can compare multiple
offers online
simultaneously.
You will have to go to each
lender individually to
compare the latest offers.
ONLINE
OFFLINE
There is no chance for any
agent to ask you for
additional charges.
Corrupt executives can take
advantage of your urgency
and maybe ask for money.
ONLINE
OFFLINE
The entire personal loan
process is faster.
The offline personal loan
process takes time as each
step.
References
https://en.wikipedia.org/wiki/Loan
https://www.fullertonindia.com/personal-loan.aspx
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