Reasons to Switch to OneScore’s Instant Loan App for Fast and Easy Borrowing
With
the
dawn
of
digital
applications
and
the
use
of
AI/ML
in
the
loan
approval
process,
it
is
both
easy
and
quick
to
apply
for
a
loan
online
through
an
instant
loan
app.
The
OneScore
App
stands
out
when
it
comes
to
personal
loan
applications
as
it
combines
the
ability
to
check
one’s
creditworthiness
and
get
access
to
funds
instantly
–
all
from
one
simple,
intuitive
mobile
application.
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OneScore:
Instant
Personal
Loan
App
By
supporting
borrowers
in
the
effort
to
get
approval
on
loans
and
address
their
financial
health,
the
OneScore
App
is
transforming
the
personal
loan
segment.
Here’s
an
in-depth
look
into
how
OneScore
makes
applying
for
a
personal
loan
online
much
more
convenient.
Easy
Credit
Check
Before
giving
a
stamp
of
approval,
lenders
run
multiple
checks
of
eligibility
to
ensure
that
the
borrower
can
afford
to
repay
a
loan
on
time.
This
is
even
more
stringent
in
the
case
of
unsecured
loans,
such
as
a
personal
loan,
where
the
risk
of
financial
loss
is
high.
This
is
the
reason
why
a
high
credit
score
plays
an
important
role.
This
score
gives
lenders
the
necessary
information
regarding
the
borrower’s
credit
health.
With
the
OneScore
App,
borrowers
can
stay
on
top
of
their
own
creditworthiness
by
checking
their
score
anytime.
This
helps
them
stay
prepared
for
any
unexpected
situation
or
to
improve
their
score
for
future
credit
needs.
With
OneScore,
consumers
can
get
their
credit
reports
for
free
and
assess
when
and
how
much
they
can
borrow.
This
gets
the
guessing
game
out
of
the
way,
giving
them
more
clarity
and
confidence
in
their
financial
journey.
Score
Planner
In
case
the
score
is
insufficient,
the
next
step
is
to
work
on
improving
the
score
before
heading
on
to
apply
for
a
personal
loan
online.
To
streamline
and
speed
up
the
journey
towards
a
better
credit
score,
the
OneScore
App
gives
borrowers
smart
and
easy-to-use
tips
which
are
customised
to
their
financial
habits
to
help
increase
their
credit
score
in
the
shortest
time
possible.
This
includes
managing
both
credit
cards
and
loans.
By
seeing
all
their
credit
accounts
listed
under
one
roof
and
getting
personalised
suggestions,
borrowers
can
easily
reach
the
score
they
need.
OneScore’s
Score
Planner
facility
helps
them
choose
a
tangible
number
and
get
there
with
the
right
financial
moves.
Fraud
Detection
and
Reporting
For
many
borrowers,
low
scores
may
be
a
result
of
fraud
or
a
gap
in
reporting
closed
loan
accounts
by
financial
companies.
OneScore
makes
this
easier
to
detect
by
offering
a
clear
picture
of
the
number
of
credit
score
enquiries
made
using
their
PAN
and
the
number
of
active
loans
and
credit
cards.
In
case
borrowers
do
not
recognise
any
credit
account
in
their
name,
they
can
take
quick
action
to
report
the
fraud
to
the
credit
bureau
right
away.
The
OneScore
App
provides
an
easy
way
to
raise
a
dispute
via
its
platform,
so
consumers
are
empowered
to
detect
and
report
fraud
or
and
suspicious
activity.
Lifelong
Support
Even
with
efficient
use
of
credit
cards
and
timely
loan
repayment,
it
requires
discipline
and
patience
to
improve
one’s
credit
score.
It
is
also
important
for
consumers
to
keep
checking
their
score
periodically.
By
bringing
credit
scores
from
both
CIBIL
and
Experian
to
borrowers’
fingertips,
OneScore
also
gives
them
access
to
lifetime-free
credit
reports
and
insights.
Armed
with
this
information,
consumers
can
work
on
the
problem
areas
that
are
becoming
a
hurdle
towards
achieving
their
desired
credit
score.
Moreover,
there
are
no
membership
fees
or
charges
involved
in
generating
a
credit
report.
So
applicants
can
check
their
score
without
stressing
about
its
effect
on
their
finances.
By
monitoring
their
score,
borrowers
can
ensure
that
they
are
eligible
for
the
best
personal
loan
offer
and
can
avoid
rejection.
Swift
Digital
Application
Once
the
borrower
has
reached
a
good
credit
score,
they
don’t
need
to
go
elsewhere
for
the
best
loan
offer.
They
have
the
convenience
of
choosing
the
OnePL
facility
on
the
same
app
to
apply
for
a
personal
loan
online
of
up
to
₹5
lakhs
through
their
smartphone.
The
steps
to
apply
for
a
OnePL
are
easy:
-
Tap
on
‘Get
Started’
on
the
OnePL
banner
(present
on
the
homepage) -
Select
the
desired
loan
amount
up
to
₹5
lakhs -
Select
the
employment
status
from
the
given
options -
Select
the
range
of
monthly
income -
Wait
for
the
perfect
loan
offer
Fast
Approval
and
Disbursal
Thanks
to
the
automated
system,
getting
approval
doesn’t
take
days.
This
makes
it
a
reliable
option
to
get
quick
financing
when
the
borrower
is
short
of
funds
and
experiencing
a
time
crunch.
What’s
more,
there
is
no
documentation
involved,
which
further
speeds
up
the
process.
After
selecting
the
best
offer
and
getting
approved,
funds
are
disbursal
without
any
delays.
Best
Loan
Terms
Based
on
Eligibility
OneScore
is
an
instant
loan
app
that
bridges
the
borrowing
gap,
connecting
borrowers
with
lenders
and
ensuring
a
smooth
process.
Based
on
the
borrower’s
credit
profile,
loan
repayment
and
repayment
capacity,
they
can
find
the
lender
with
the
most
affordable
interest
rate
and
other
loan
terms.
Smart
Planning
Even
with
a
pocket-friendly
interest
rate,
it’s
crucial
that
borrowers
choose
a
monthly
amount
that
fits
within
their
budget.
To
decide
this,
they
need
to
select
a
suitable
tenure.
Choosing
a
longer
tenure
will
reduce
their
monthly
obligation
but
increase
the
overall
payable
amount.
Similarly,
a
short
tenure
may
increase
the
EMI
burden,
but
borrowers
can
save
money
in
the
long
term.
Keeping
this
in
mind,
it
becomes
imperative
to
choose
a
suitable
EMI
amount.
The
OneScore
App
also
simplifies
this
task
with
an
easy-to-use
EMI
calculator.
By
simply
entering
the
loan
terms,
borrowers
can
forecast
their
EMI
amount
instantly
and
choose
the
ideal
tenure
in
an
informed
manner.
In
conclusion,
the
OneScore
App
aids
the
applicant
from
the
pre-lending
to
the
post-borrowing
process.
Another
key
point
to
note
is
that
checking
scores
on
the
app
does
not
affect
their
current
score
negatively.
So,
anyone
can
run
unlimited
checks
anytime
without
any
membership
fee.
To
take
control
of
their
credit
health
and
secure
a
collateral-free
personal
loan,
borrowers
can
download
the
app
now.