Cash loan app for India
Cash loan app for India
Vote: (1 votes)
Program license: Free
Version: 1.3.9
Works under: Android
Vote:
Program license
(1 votes)
Free
Version
1.3.9
Works under:
Android
Pros
- User-friendly interface
- Flexible loan terms
- Secure authentication protocols
- Supports multiple payment methods
Cons
- Delays in payment reflection
- Limited customer support effectiveness
Overview
PLANET by L&T Finance is a comprehensive finance mobile app offered by L&T Finance. This free application operates as a cash loan platform permitting users to expediently apply for loans up to 25Lakh. Featuring flexible payment terms, the platform enables users to select their preferred duration and interest rates based on their financial situation. The app is particularly designed to meet the financial needs of Indian residents, extending its services to small and medium businesses as well.
User-Centric Loan Platform
L&T Financial Services, one of India's top non-banking financial institutions, presents PLANET by L&T Finance as a user-friendly way for customers to access and manage loans. Clients can check their ongoing loan transactions and all related details securely through the app, which employs multiple authentication protocols, including a security PIN and biometrics.
Loan Applications and Payments
For users seeking a loan from the company, the application process is simplified with the PLANET app. Users can apply for amounts ranging from 50,000 Rupee to 25Lakh, with flexible payment terms ranging from 12 to 60 months and annual interest rates ranging from 10-20 percent. The application provides a detailed breakdown of the contract for user reference. It supports multiple payment modes and provides payment alerts and notifications to ensure timely payments.
It's worth noting, however, that users have reported delays in their payments appearing on the app, leading to some billing concerns. The customer support response to these issues has reportedly been less than satisfactory.
Conclusion
In conclusion, for those residing in supported locations in India, PLANET by L&T Finance is a reliable platform to consider for personal or business loans. Its user-friendly interface provides ample information, and enables users to manage their finances effectively. Despite some issues with payment reflection and customer support, the app generally functions as intended.
Pros
- User-friendly interface
- Flexible loan terms
- Secure authentication protocols
- Supports multiple payment methods
Cons
- Delays in payment reflection
- Limited customer support effectiveness
