Emergencies don't come knocking on our doors! Be it education, medical emergencies, or urgent payments, managing money curbs can be exhausting. But dealing with such circumstances can be much easier if you know how to get a long-term loan.
Moreover, finding the right lender at the right time is also helpful. Keep reading to explore long-term personal loans and how Fi can be your saviour.
A long-term loan comes with a tenure of more than 3 years, often extending up to 30 years. These can include vehicle loans, education loans, personal loans, and so on. Among these, personal loans are the most popular ones that people avail of.
Long-term loans often come with convenient EMI plans, helping you save more on repayments. Besides, the longer tenure can also lead to people incurring higher interest rates. Subsequently, people seeking long-term loans must ensure the benefits outweigh the incurred charges.
With Fi, you can select your ideal EMI plans and tenure for the highest benefits.
Long-term loans come with compelling features to help individuals:
Also, longest-tenure personal loan provides borrowers with the flexibility to pay off their debt over an extended period. But these may incur higher charges and interest, based on lenders.
In India, a few basic criteria apply to individuals desiring long-term loans. Some of these can vary between lenders, but the requirements usually are:
While these are the general criteria, verifying with lenders before proceeding is wise. You can also download the Fi Money app and check the requirements to quick-start your application today.
Although there are many people applying for loans, they often miss out on critical details such as processing charges, interest rates, and other terms & conditions.
But here's a solution to that.
Fi Money offers instant personal loans at exciting rates. Fi's licensed banking partner, Federal Bank, allocates an eligible loan amount to each borrower, up to a maximum of INR 5 lakh.
You can get a loan on Fi in minutes. With competitive interest rates and 0 pre-closure fees, Fi is just the right stop.
Fi Money offers customers the most competitive interest rates on personal loans. To apply, simply download the app and fill in your details. Once pre-approved, you can get your loan in minutes.
Any lender which provides transparent processing, low-interest rates, higher amount, and flexible EMIs plans are the best. You can apply for an instant personal loan on the Fi Money app. With competitive interest rates and 0 pre-closure fees, Fi can be just the right choice for you.