The processes involved like the passing of loan amount, information about the repayment, other terms and conditions etc. are communicated to the individuals through emails once the loan amount has been disbursed to the beneficiary bank account. Due to emergency situations like the on-going pandemic or the slowing down of the economy, job lay-offs etc. people are resorting to credit agencies for obtaining personal loans to meet with the expenses and keep the daily routine functional.
Personal loans are available by many agencies, but what makes the difference is the terms and conditions of repayment as well as the rate of interest charged. It is particularly important to think thoroughly before getting a personal loan and after getting one, maximize the benefits which the firm has to offer. Let us look at some of the advantages of obtaining loans from Asteria.
Tips to maximize the benefits from a personal loan from Asteria are as follows: -
Increasing convenience
Asteria has a loan plan for everyone. Flexible repayment options are given to individuals. The three custom loan plans are available on the website, which can be very easily availed through the ‘Apply Now’ button underneath each plan. The instructions are simple and straight forward. They do not have prolonged complex procedures involving different document submissions. The documents can be uploaded online on the website @ asteria.com.ph and the amount requested can be credited in no time to the user accounts.
Lower interest rates
Interest rates charged on personal loans are less than the rates charged on the credit cards generally. Hence, personal loans should be preferred. Moreover, Asteria provides personal loans at low interest rates than the other lending companies or banks and hence can be beneficial for the people to avail the loan and payback as much less interest as possible along with the principal amount.
Smart and flexible repayment plans
One of the most crucial part to give attention to when availing a personal loan is the terms and conditions to repay it. The repayment terms should not be stressful to the individual. Asteria provides flexible repayment options. On the website, there are three custom made loan plans with flexible repayment options involving repayment in three, four and five instalments from the time the amount has been credited to the user’s account.
Fast processing of personal loans
Since the process happens online, it is much faster and efficient than traditional loan availing methods. We can avoid long queues and multiple visits to the printing shops for getting copies of different documents. All the proofs have to be submitted online in the form of softcopies. This saves time and makes the process quicker. Also, once the credit score and eligibility criteria are met, and the documents have been verified, there is a quick transfer of the requested amount to the beneficiary account.
Improving the credit score
Since Asteria provides flexible repayment benefits and lower interest rates, getting a personal loan from here would be greatly beneficial. At the same time, with repayment options being consumer-centric, loans can be repaid in a structured manner. Personal loans can diversify the credit of the individual. Payment of loans improves the credit score and helps the person in getting a higher number or a larger amount worth loans in the future.
Consolidation of debts
If you have taken a larger amount of loans like a student loan for higher studies, then they can be repaid keeping in mind the pre-payment terms by the use of a personal loan. Amount obtained from a personal loan can be deposited for the higher amount loan, which has a greater interest rate. Then, the personal loan can be repaid in instalments with a lower interest rate. This can minimize the interest you pay to the bank along with the principal amount. Since Asteria provides personal loans with lower interest rates, it is beneficial to the clients in these cases.
A personal loan can be a great blessing when in need of money. If you do not want too much hassle or borrow the sum from relatives, a personal loan can be of great help. It can help with finances in various situations like medical emergencies, weddings, travel trips, home-renovation etc. Asteria provides quick personal loans with a wide array of benefits and relaxations, which can be repaid over a period of time and hence can be very convenient to the clients. Since the process has now been shifted to an online mode @ asteria.com.ph, it has made the process of availing loans easier, quicker, and efficient. A customer should be smart enough to maximize benefits from the loan options offered by the lending agency to ensure a win-win situation for the company as well as its clients.