According to a recent report, a whopping rise has been witnessed in the personal wealth space. Standing at a considerable $202 trillion, personal wealth in India is steadily growing for a desirable future ahead.
The overall impact of personal wealth has contributed substantially to our GDP. In fact, the percentage is all set to increase at a rate of CAGR of 13% to $5 trillion by 2022, from $3 trillion in the year 2017. It has been proclaimed that India could rank higher by the end of the year 2022.
At National and Global Level:
In 2018, Individual wealth in India increased by 14% to reach Rs 392 lac crore. This was achieved by a gigantic 17.42% wealth growth in financial assets. Several studies indicate that a large portion of financial assets is inclining towards greater investments and savings.
In the global market, India is making a place for good. The next big chunk of wealth will be realized from this area of economy totaling upto atleast. $2.2 billion. That clearly presents how Indians (from rich to poor) shifting moving towards personal loans in the financial market.
Read More: Can Personal Loans Enhance Credit Score
So, why are people favoring Personal Loans so much?
Gone are the days when people used to apply for loans for big-ticket items like a car or a house. With the movement of digitization and technology, the lending process in India has changed. People are applying for instant personal loans to go on vacation, or shopping for home appliances. Earlier, applying for a personal cash loan was a task! Today, there’s absolutely no need to spend hours in a bank queue, submit lengthy documents and wait for indefinite approval. All the online loan providers have merged technology to promote quick, hassle-free and paperless approval and disbursal.
The reasons are quite evident with the level of versatility that online personal loans endow upon its takers. What is stopping you then? Personal Loan powered by HomeCredit can get you an instant loan at fingertips. Our personal loan processes are Quick, Easy and Transparent!
Home Credit Quick Personal Loan can be characterized as under:
- Easy and quick personal loan up to 2,00,000
- Instant Online Approval
- Instant Online Approval
- 100% Paperless
- EMI starting @ just Rs.1000*
- Disbursal within a day
- No Hidden Charges
- ZERO processing fee
- Interest starting@ just 14%*
- No Collateral
- Minimal Documentation
- Easy & Online
Hassle-free application and simple steps can bring you closer to your desires. Simply fill up the application form, anywhere, anytime.
- No collateral required
Our quick personal loan can be applied without pledging any valuable asset. This is an unsecured loan and used for various purposes as per likes and dislikes. Which means that you do not need to forgo assets, yet enjoy at your best.
- Instant Online Approval & Disbursal within a day
Home Credit’s Personal Loan is an all online process which facilitates easy and instant online approval.After quick approval comes direct disbursal within a day.
While there are several ways in which you can get money, however, the best way is to take a home credit personal loan right away.
Apply for a HomeCredit Personal Loan up to 2 lakhs now!