amrina alshaikh
by on December 30, 2020

Life is full of responsibilities and duties. One has to plan ahead of time for any contingencies that may come up all of a sudden. One needs to be prepared and have a Plan B, always ready to cope with any financial emergencies that spring up anytime in one's life. While it is still possible to create some contingency funds, as there are always chances that a person may fall short of funds, some may opt for instant online loans and are readily available on LazyPay. 

LazyPay offers online loans by way of Instant Personal Loan or Instant Loan.  

A personal loan! What is it, and why does one require a loan?  

A personal loan is a borrowed amount of money that helps individuals meet any expenses, whether they are planned or sudden. Usually, there are two types of loans, namely secured and unsecured. They depend on the amount of loan, tenure, and purpose for which a person must borrow credit or a loan. 

There is Good News for all the borrowers out there. LazyPay online loans do not require any pledge or security against the Instant Personal Loan or any Instant Loan up to an amount of ₹1 Lac.  

Now, why do people borrow loans? People borrow personal loans for numerous reasons, such as purchasing a vehicle, buying a home, home renovation, traveling plans, wedding expenses, education and course fees, and any medical emergencies. Nowadays, people also opt for loans to finance their location or residence, move or job alterations, or even buy expensive gadgets or electronic appliances.  

Online Instant Loans from LazyPay? Really? Is it true? Why? 

Hold on, Guys. Are you wondering why one should opt for LazyPay online loans? LazyPay is one of the fastest ways to get online credit through an easy digital process. To avail of an Instant Personal Loan, one needs to sign up with their mobile number and check their available credit limit, increasing to ₹1 Lac.  

In three simple steps, an individual can easily avail of LazyPay Instant Personal Loan. Here they are – 

Step 1: Download the LazyPay app and verify your mobile number and PAN number. 

Step 2: Complete the loan application along with the necessary documents required to complete the process 

Step 3: Finish the auto-repayment and withdrawal procedure, and you will find ₹1 Lac credit in your bank account     

Loan eligibility criteria with LazyPay  

To enhance an individual's chances of getting an Instant Loan with LazyPay, they should fulfill the following criteria – 

  • The applicant must be between the age group of 22 to 55 years 
  • The applicant must be residing in any of the I tier or II-tier cities 
  • The loan applicant must be salaried and an Indian resident 

Essential documents to apply for a loan via LazyPay  

An individual to get an Instant Personal Loan with LazyPay requires the following documents – 

  • Identity proof 
  • Residence proof 
  • Bank details such as account number, IFSC code, etc. 
  • A selfie or a photograph 

Interest and other applicable charges  

Any individual can avail of a loan for around three to 24 months. The interest rate is exceptionally affordable and depends on the term of the loan and the loan applicant's risk profile. LazyPay charges a very minimal processing fee on the withdrawn loan amount.  

Remember to keep a check on the loan repayment process through the LazyPay app. Apply for LazyPay online Instant Personal Loans today and enjoy watching your dreams come true.  

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!

Posted in: loans
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