Hero FinCorp
Get Your Loan Statement Online Each Month
Given the current situation of a pandemic, it is important that all of us stay indoors for as long as possible. It is not a good idea to step out of the home unless absolutely essential. Even when you step out of your house, follow social distancing, hand hygiene and keep a mask on. You need to remember that this is how we will have to live for the next few months. Banking is an essential activity but given the advances in technology, it has become possible to handle banking operations from the comfort of your home. You can transfer money, pay bills, receive money, get a loan statement online and also apply for a loan online.
Whether it is a personal loan or a business loan, you can apply for it online and also make your EMI payments online. All banks and financial institutions offer internet banking services and it is highly recommended that you stay indoors and handle your banking activities online. If you want to apply for a loan, all you need to do is look for different lenders, compare the interest rate offered by them and then make an application. You can make a thorough comparison online. Once you make up your mind, you simply need to fill the application form and upload the documents to process your loan. After the loan is approved, the amount will be disbursed and will be transferred to your account. You can use the money wherever you wish to and ensure timely payment of EMIs.
The loan amount and interest will have to be paid in the form of EMIs over the tenure. Hence, you should prepare a repayment schedule for the same. It will help repay the loan in due time without any default. Timely payment of dues also helps build a strong credit score. You can use the EMI calculator to get an EMI estimate. The calculator is available online and is free to use. You only need to provide the loan amount and tenure to get a quick estimate. You can change the inputs until you reach an optimal output. The calculator is very helpful when it comes to agreeing on an EMI amount. You need to be practical here and consider your monthly inflows and outflows when agreeing on an EMI amount. If the EMI amount is very high, you can ask for a longer tenure.
Once the loan is approved and processed, you can check the loan statement online whenever you want to. It will provide details about the total number of EMIs, the number of EMIs paid and outstanding. You will also be able to see the total amount outstanding in your loan account. You simply need to log in on the website of the lender to get a loan statement. Customer executives will be happy to assist you. Keep a record of the loan statements so that you are aware of the last EMI and closing of your loan account.
by Hero FinCorp on 2020-07-01 08:34:23