Need Cash Now? Here’s How OneScore Can Get You Pre-Approved In Minutes

The
journey
to
applying
for
a
personal
loan
online
can
be
streamlined
when
consumers
are
pre-approved.
This
signifies
that
lenders
have
already
checked
and
greenlit
their
eligibility,
which
speeds
up
the
process
of
getting
funds
when
consumers
are
ready
to
apply.
That’s
exactly
how
OneScore,
the
credit
score
and

personal
loan
app,
empowers
users
in
their
borrowing
journey.

Here’s
how
a
pre-approval
loan
journey
starts
with
OneScore,
ensuring
a
smooth
and
efficient
borrowing
experience. 

OneScore’s
OnePL
Pre-Approved
Personal
Loan
A
pre-approved
loan
ensures
consumers
have
access
to
funds
when
they
need
it
most
–
be
it
to
cater
to
a
medical
need,
pay
for
car/home
repairs
or
finance
education
or
travel.
OneScore
helps
consumers
get
ready
for
an
instant
loan
based
on
their
current
credit
health.
All
users
need
to
do
is
start
by
checking
their
credit
scores
from
CIBIL
and
Experian. 

Once
they
do,
they
can
check
the
maximum
loan
amount
they
can
get
if
they
apply
at
the
moment.
This
is
visible
on
the
OnePL
dashboard,
allowing
users
to
check
the
updated
pre-approved
loan
offer
as
they
improve
their
credit
score
over
time.
This
is
also
made
easy
with
OneScore,
which
offers
consumers
personalised
insights
on
how
to
improve
their
score.
This
increases
their
eligibility,
leading
to
better
loan
offers. 

Steps
to
Applying
for
the
OnePL
Facility 
To
know
their
OnePL
pre-approved
offer,
here
are
the
steps
users
can
follow:

• 
  
  
  Check
  Credit
  Score 

The
first
step
is
to
check
the
credit
score.
If
the
score
is
under
730,
which
is
the
minimum
requirement
for
loan
approval,
borrowers
will
not
see
their
instant
loan
offer.
Instead,
they
can
work
towards
improving
their
score
using
the
app’s
personalised
suggestions. 

• 
  
  
  Review
  Loan
  Offer

Once
the
credit
score
crosses
the
730
mark,
users
can
check
their
maximum
loan
amount
and
interest
rate
by
tapping
on
the
‘Get
Started’
button.
After
entering
basic
details
like
monthly
income
and
employment
status,
the
OnePL
dashboard
will
automatically
show
their
pre-approved
offer. 

• 
  
  
  Easy
  Application 

When
ready
to
proceed,
users
can
apply
in
just
a
few
taps
to
check
out
other
loan
terms
on
their
pre-approved
offer.
Borrowers
can
check
out
the
maximum
loan
amount,
interest
rate
offered,
and
other
details
of
the
pre-approved
offer
as
per
their
creditworthiness.
Accepting
the
offer
gives
the
borrowers
quick
approval
and
amount
disbursal. 

Eligibility
Criteria
and
Loan
Terms

Getting
an
unsecured
loan
on
OneScore
is
simple.
All
users
need
to
do
is
qualify
for
the
loan
based
on
parameters
including
the
following: 

• 
  
  
  Credit
  Score:
  730
  and
  above 

• 
  
  
  Age:
  18
  years
  or
  above
  with
  a
  valid
  PAN
  Card 

• 
  
  
  Monthly
  Income:
  Over
  ₹20,000 

When
borrowers
meet
these
criteria,
they
can
get
the
best
offer
with
pocket-friendly
loan
terms
with
comfortable
repayment
options.
This
includes:

• 
  
  Interest
  rate
  starting
  from
  12.5%
  p.a.

• 
  
  Tenure
  ranging
  from
  6
  months
  up
  to
  60
  months

• 
  
  Processing
  fees
  starting
  at
  just
  1.5%

Reasons
for
Choosing
the
OnePL
Facility 
Apart
from
applying
for
an
instant
loan
seamlessly,
OneScore
also
helps
its
users
take
charge
of
their
credit
health.
Here
are
all
the
other
reasons
to
get
the
OneScore
app. 

• 
  
  
  Quick
  Approval

Since
borrowers
get
a
pre-approved
offer
on
the
app,
they
don’t
have
to
start
their
application
process
from
scratch.
This
saves
time,
especially
if
they
are
borrowing
for
any
urgent
requirement. 

• 
  
  
  No
  Documents 

Since
OneScore
already
has
access
to
users’
credit
reports,
it
does
not
need
a
bevy
of
documents
during
personal
loan
applications.
This
helps
users
apply
quickly
and
more
conveniently. 

• 
  
  
  Easy
  Loan
  Management 

Once
the
loan
is
approved
and
disbursed,
borrowers
can
manage
repayment
easily
with
notifications
and
reminders
from
the
OneScore
app.
This
ensures
that
borrowers
can
maintain
a
good
credit
score
with
timely
repayment. 

On
the
OneScore
app,
anyone
can
apply
for
an
instant
personal
loan
and
keep
track
of
all
their
current
loan
accounts.
This
way,
if
they
find
any
discrepancy
or
any
loans
taken
in
their
name
by
fraudsters,
they
can
raise
a
dispute
on
the
app
itself.
This
measure
helps
them
address
fake
loan
frauds
that
can
damage
their
credit
score. 

To
keep
their
credit
score
high
and
to
get
a
good
loan
offer,
borrowers
need
to
check
their
credit
report
periodically.
While
credit
bureaus
give
everyone
the
option
to
do
so
once
a
year
for
free,
borrowers
need
to
pay
a
membership
fee
to
check
their
score
multiple
times. 

To
solve
this,
OneScore
allows
borrowers
to
check
their
scores
for
free
across
their
lifetime,
ensuring
they
can
monitor
their
credit
health
without
hesitation.
Regular
tracking
helps
users
understand
positive
credit
habits
and
boost
their
scores
over
time. 

• 
  
  
  Complete
  Transparency 

In
terms
of
the
instant
loan,
borrowers
can
check
the
complete
cost
of
borrowing
as
well
as
other
terms
and
conditions
and
all
the
lender’s
details
on
the
app.
This
gives
them
the
confidence
to
make
up
their
mind
before
applying. 

Getting
a
complete
picture
is
important
when
getting
a
loan
online.
This
is
why
OneScore
stands
out
as
a
reliable
personal
loan
app
that
also
supports
borrowers
in
their
credit
health
journey.