Online Instant Personal Loans and Offers – YeLo – Page 2 – If you need short instant personal loans, student loans or offers on your favourite product in any situation, let YeLo solve the problem for you. Just download YeLo app and find all the best online instant online personal loan providers, just a click away.

Smart Tips to Keep Your Financial Goals Intact!

Pressure on the world economy is mounting, and investors are not getting the desired results or returns on their investment. Financial products neither performing well nor meeting the expectation. Thus, it’s very common for people to feel uncertain in the current financial market. Despite economic slowdown is cyclic and it makes sense to relax your finances and tides up the associated goals with your investment portfolio, in this kind of an unstable market, else it could be a costly mistake. Have a look at the following smart ways to handle or plan for such challenging times.

Opt for Small Instalments

Investing in a highly volatile market could be risky. For example, a lump sum amount of a 1.5 lakh is invested by you in any mutual fund whose net asset value is Rs. 100, and by any chance if the market falls, then your invested corpus amount will get negatively impacted. And if you have taken any Personal Loan to invest, then it will badly hit your finances further. So to make investments in unsure market conditions, it’s better to fragment the corpus amount and invest in small investments. For example, you can make a liquid fund of 1.5 lakh and opt for SWP i.e. systematic withdrawal plan by investing Rs. 10,000 every month over 12 months. This way you can smartly get the advantage of rupee cost averaging, hence minimizing the impact of market volatility on your investment.

Cash Advance Facts That You Must Know!

A cash advance is a short-term loan offered by a bank or an NBFs lender. The cash advance loan also refers to the service provided through credit card where the issuing authority allows the cardholders to withdraw a certain cash amount as per your approved eligibility. Cash advances generally come with steep interest rates and fees, but yes, they are attractive among borrowers as you get the fast approval and availability of the cash quickly. Cash advance or instant loans are very convenient to manage any emergency.

Advantages of Cash Advance Loans

We all need some additional cash to cover an unexpected expense or a shortfall toward the month’s end. Cash Advance Loans are the quickest way to get money to cover those surprise expenses.

But having said this, Cash Advances come with some cons or negatives too:

Processing Fee – In cash advance loans, the processing fee is either flat or fixed amount or a certain percentage, i.e. 1% to 5 % of the loan amount. Lenders pick the higher one.
Higher Interest Rate – Cash Advances come with the highest rate of interest ranging from 22% to 30% as compared to any other loan.
Immediate Interest Accrues – The interest rate in case of cash advances is charged aggressively for example, in credit card, you’ll be charged from the day you take the amount, but in case of cash advance loans, you have to pay the interest amount for the whole period even if you pay back the loan amount.

This way Cash Advances are very aggressive and expensive, which also includes certain taxes, this makes hard for the people to pay back who take Cash advance loans.

How Cash Advances Can Harm Your Credit Score?

Taking cash advance loan will not impact the same, but it will start hurting when you begin utilizing the money. In any case, taking a cash advance can place you in a difficult situation that would bring down your Credit Score rating.

The cash advance loan is added to your balance parity, which changes the pattern of your credit use. Credit Utilization is a score that takes a gander at the amount of your all credit which you’re utilizing. Ideally, it is recommended to keep this number under 30%. Interest also starts accruing from cash advance, which makes it further difficult for the person to clear all debts. And if you miss any of the loan repayments, this will more worsen the situation for you.

How Cash Advance Loan Is Different From Payday Loan?

If we talk about the form their basic structure and practicality, both are more or less similar. In both cases, the borrower gets the loan amount immediately and for a shorter period with hefty processing fees and higher interest rates.

The main difference in Payday Loans as compared to Cash advance is that they are, decided based on your pay cheque rather your credit history. The payment of Payday loan is done immediately on the very next day of your salary credit through post dated cheque which you give to your lender at the time of loan approval and disbursal.

No matter which loan you take, but if manage it smartly and responsibly, it will help you to manage any financial stress is an easier way.

How Personal Loan For Traveling Can Make Your Life Better?

Holiday or vacations are the best medicine for a stressed life. But, when you plan a trip, there are many things which you need to work upon and the most important one is to arrange the sufficient funds or money that many of us don’t have ready reckoned available with us. Due to unavailability or shortage of funds, people either avoid or postpone their holidays or else reduce the trip duration. But now with the rising demands of the travel industries, many banks or NBFC offering personal loan for travel, for domestic and international holidays, basis your eligibility and paying capacity.

These instant loans can be used for covering tickets & hotel expenses or fulfilling the desire of shopping through the local lanes of the destination location as souvenirs or signature items. With personal loan availability, you can thoroughly enjoy your vacations without worrying about the money part.

How Can I Take Personal Loan For Travel?

You can easily apply for the personal loan subject to your actual travel expenses. Personal loans are unsecured and no collateral is required. You can avail a personal loan for travelling from 1 lakh to 25 lakh depending upon your eligibility and repayment capability.

Personal loans today are instant loans which you can easily apply online and if you fulfil the requirements, it will be disbursed within 24 hrs. This way they act as an immediate severe in the case on any cash or fund crunch.

Interest rates on these instant loans depend upon the lender and your eligibility, but yes, they are far better as compared to credit cards as personal loan interest rates are much less as compared to them.

As we already said, demands of traveling industry are increasing, more and more people, especially young or working professionals are frequently taking breaks from their monotonous routine and want to go on vacations, and seeing this trend many banks or NBFCs are coming with travel packages too under personal loan categories.

So don’t wait and apply for instant loans online, compare them, and select the one which suits your terms and enjoy a wondrous vacation ahead.

How can I get an instant loan online in India?

If you are someone who is looking to avail personal loans for any of your important requirements, then we totally understand what must be going through your mind. There are many sources from where you could take up these loans. However, one thing that must be considered is the time involved in receiving personal loans as usual, they involve any kind of monetary emergency. As they say, time is money, so while applying for any kind of loan, you need to minimize the time spent in the process.

Having understood this, we would like to draw your attention towards Online Instant Loans available across many streams. There are many online lenders who allow people to take up personal loans quickly in a few clicks. In this post, let us discuss how you can get an instant loan online in India.

Finding the best way to get online loans

The major thing that you need to do is find the best app that suits your needs. Though many online portals promise hassle-free instant personal loans, it may not be the case always. We have a small tip for you: NO to bank apps! Usually banks are too slow when it comes to processes and approvals. You can expect a similar environment in their apps too. Rather, you should try out other apps that are now easily available on your iOS and Android phones.

Some of the basic steps that you must follow before applying for a personal loan are:

Thoroughly go through the requirements of the loan and keep all the documents in order for the same.

Finalizing on the loan amount so that you can calculate the EMI and the rate of interest without any further delays.

The best apps usually provide an EMI and rate of interest calculator where you can check for the same ease and plan your expenses accordingly.

Lastly, apply for the loan and submit all the necessary documents.

So, all you need to do is go through the above steps, download the best app for online instant loans and say goodbye to your cash crunch! If you want a hassle-free and gliding experience, do try out the Yelo app for getting the quick Personal Loans!

Instant Loans in India: Some Signs that You Are Steering Towards Massive Debt

A big shout out to all those people who keep worrying about the monthly dues! We feel you! Fear of increasing debts- it is a very common feeling almost each one goes through. What is troublesome is that many times it could actually be true! The ease with which we get Personal Loan these days may make you overburdened with the monthly dues.

But, how do you then know that you could be in a trouble due to your Online Instant Loan? Well, we have listed down a few pointers for you that will help you decide whether or not you are in deep waters!

You have missed some EMIs

In case you notice that your outstanding dues are more than the payments you make, be cautious: DEBT TRAP is nearby! Therefore, it is better if you take control of the situation each month, calculate your expenses, cut down on extra spending and manage to carefully make the EMI payments so that it doesn’t go on accruing for you.

Your fixed expenditures seem too much

This could be really serious, guys! If you find yourself tightly squeezed and not having enough liquidity to feed your fixed expenses like house rent, food and electricity, school or college fees, you are in debt.

You don’t know what you are paying

Just ignoring the mails and the reminders won’t help you actually get rid of the debts! You must avoid overlooking the EMIs and other reminders for your debts. This will help you plan your month in advance.

Borrowings from close circle

Again, this may seem as an interest-free option to you, but No! When you have to borrow from your friends or relatives, it only implies that you are in too much debt. In such cases, you tend to borrow more and then the cycle continues. Instead, you can look for low-interest personal loans.

If you fit into any of the above categories, then kindly buckle up your shoe! The road could be really tough ahead! Or, you can simply check out the YeLo app for easy ways to get online instant loans to ease the crunches for you.

5 Things to Avoid While Taking Instant Loans in India

Instant Loans seem heavenly attractive when you are in a dire need of some cash to get relief from the monetary ‘tightness’ that happens once in a while. Though they are really great in the times of need, you must be careful about certain things before applying for personal loans, otherwise you may face other serious issues!

Okay, we do not intend to scare you, but here are a few points that you must avoid while taking a personal loan in our country. These will help you go a long way in the borrowing and lending industry.

Don’t Even Think Of Investing The Loan!

This is a very common happening in countries like India. Not only does it increase your financial burden, but it also pushes you towards the infamous DEBT TRAPS! If you invest the loan amount in stocks or bonds, you will be a slave of the market speculation. If things don’t go in your stride, you lose all the money and gain more debt!

Don’t Miss Reading The Terms!

Almost all the times, we are used to just signing up the papers when we get them from any legal source like banks. However, each time you must carefully go through the terms and conditions and other agreements that may decide your future financial stability. Usually, there are a number of unforeseen costs mentioned that skips your attention. You must be careful to check the latest charges, foreclosure fees or any other processing fees.

Don’t Ignore Your Repayment Abilities

A lot of times, banks and other borrowers approve bigger loans for you, for only THEIR gain! They get to earn the interest, after all! But, it doesn’t mean that you do take the loan! You must carefully calculate your possibility of repaying the loans. Do take into account your other financial liabilities like house rent, travel expenses, etc. EMIs could really stack you up!

Don’t Jump Into The First Option

Money does excite each one of us and while in a cash crunch, we tend to go for anything that’s at our disposal. Isn’t it? Well, then that is something you must avoid! Carefully check for all options that you may get. Low interest rates, easy repayment are some things you must check for.

These are some important things that you should avoid making the most of Online Instant Loans. YeLo has absolutely no hidden costs and is a transparent app for all your instant loan needs.

Need A Handy Solution For Finance? Go For Instant Personal Loans from YeLo

In today’s time, personal loans have become an inevitable part of our life. People avail the loans to meet the diverse needs such as education, hospitalizations, wedding, home renovation, business needs, to buy new electronic appliances or items, to buy a vehicle, to manage financial crunch, and many more. Earlier only banks were authorized to give any type of Personal loans which was tedious, time-taking, and complicated, but now non-banking financial institution or companies are offering convenient Instant Personal Loans.

Instant Personal Loans are quite popular among people or borrower as they are processed in the quickest and fastest manner. Hence, it makes them a more handy solution for the people who are in need of money. There are lot many other benefits and features which are associated with Instant Personal Loans like they apply online and disbursed immediately once approved i.e. within 24 hours. Instant Online Loans have proven as a boon in case of an emergency situation. The rate of interest on personal loans is very nominal and very much affordable as per the eligibility.

To Summarize Features of Instant Personal Loans

Fast & Online processing, i.e. from applying for disbursal.
Easy to apply
Safe & Secured
Low-Interest rates
Instantly money transferred to your account once approved via Electronic money transfer

How Does Online Loans Work?

When you need money or decide to go for an Instant Personal Loan, download YeLo app and fill out an easy application online. Once you fill the form with the required information and submit relevant documentation, their team will scrutinize your application to check your eligibility in minimum possible time, this saves your effort and time as now you don’t have to visit the banks and stand up in long queues. Once verification is completed, your loan amount will be disbursed within 24 hours directly in your bank account, hence no more handling of cheques or DD. You can select the repayment schedule as per your need.

Instant Personal Loans from YeLo are the best option to manage any cash crunch. So, don’t wait and download YeLo App to clear ladder of your debts.

Go Green Go Paperless With Yelo App For Instant Online Loans

Today, every organization is working hard for a sustainable environment and all are implementing various initiatives to achieve this Go Green objective. This has also become possible in the case of Personal Loans as everything is moved to the online platform and become paperless i.e. all documentation handling and sending or receiving funds. The Indian economy has already gone cashless, then why not to go for an Instant Personal Loans rather than traditional loan form. With online loans, a lot of time is saved with just a few clicks and also contribute to the “Go Green” idea. The online loans are the most effective, simple, and quickest process for both borrower and lender.

Yelo, an instant personal loans mobile application, has made it easier because now you can do it through your Smartphone with just a few taps. In this mobile application is, you can simply apply for Personal loan in just three simple steps,

Login To Yelo App.
Fill the application form.
Submit the application.

And you are done without any paperwork.

Benefits of Paperless Instant Loan from Yelo App

The loan application is processed online; hence no need physical visits are required.
No physical paper document is required.
If all the details filled by you are correct and you meet the eligibility criteria, the amount disbursal will be done within 24 hours.
You can select the repayment schedule as per your payment capacity.
Your personal information remains safe & secure.
Low-interest rates.
No documentation charges are involved as everything is online.

Paperless online personal loans are the most convenient and quicker than ever. It is also taking us close to the digital economy. It is good for us as well as for our environment, so go with Yelo App for online Instant loans to save efforts, money, and time.

Go Green Go Paperless With Yelo App For Instant Online Loans

Login To Yelo App.
Fill the application form.
Submit the application.

And you are done without any paperwork.

Benefits of Paperless Instant Loan from Yelo App

The loan application is processed online; hence no need physical visits are required.
No physical paper document is required.
If all the details filled by you are correct and you meet the eligibility criteria, the amount disbursal will be done within 24 hours.
You can select the repayment schedule as per your payment capacity.
Your personal information remains safe & secure.
Low-interest rates.
No documentation charges are involved as everything is online.

How to Avail Lowest Interest Rates on Personal Loan?

Financial exigencies are something that always exists, the reasons could be different, but yes, they do come in our life. Although many of us plan or keep our savings for such situations, but for others it could be difficult because of the increasing costs of living. In such situations, they need to borrow money from friends or families, which becomes difficult at times as everybody is sailing in the same boat and can’t extend any help.

In such a scenario, instant loans from banks or NBFIs come as a saviour. Personal loans are beneficial as they are unsecured in nature, means you don’t have to submit any collateral against them and also doesn’t have to specify the reason for it. This makes them an excellent option to clear your financial distress. But interest rates on personal loans are also high i.e. ranging from 10% to 20%. But not to worry as there are ways by which you can avail lower interest rates on personal loans and they are:

Job Type & Stability: If you are a salaried employee and working in the current organization for at least 2 years, then it can act as a positive identifier or factor when you apply for the personal instant loans. This ensures the lender that you have a stable job and regular source of income; hence you will pay EMIs on a regular basis.
Employer Reputation: Many banks or financial institutions do check the reputation of the organization where you would be working as they want to ensure the company’s foothold in the market, i.e. whether they are strong and competitive market players which ensure the growth of their employees too.
Credit or CIBIL Score: It is one of the important factors checked by each bank or financial institution to check the borrower’s credit history and repayment capability. This ensures them you don’t turn out to be a defaulter. A good CIBIL score will help you in early approval and lowest interest rates.
Personal Loan Comparison App: You will find many lenders who offer online instant personal loans, but it would be difficult for you to go to each site and check your applicability. Rather go for Instant Personal Loan Comparison App or an aggregator website which list down all the available options along with loan comparisons, which makes it easy for you to select the best suitable.

Above points can help you to negotiate for better and lowest interest rates, so always check them before applying for Personal Loans.