With this app on your smartphone or laptop, you can manage personal finances, be it loans, investment or credit cards, in just a few taps. However, in order for you to truly benefit from this service, it is important that you choose a finance app that has all the necessary features. This way you can ensure that your experience with the online loan app is never lacking. Take a look at what you need to keep an eye out for.

A Listing of Past Loan Relationships

As you are more likely to take a loan with a lender that you already borrowed from or are familiar with, look for a loan app that lists past borrowings. This way, you can refer to a previously borrowed amount and maybe even use its information to decide on a comfortable borrowing amount and tenor. This also helps you estimate what you need to repay and thus make more informed choices about taking on more credit. 

Tools to Plan Loans Before Applying

Look for a finance app that offers convenient tools to plan your borrowing to perfection and without much of a hassle. For instance, the Bajaj Finserv Experia Loan App offers an eligibility calculator to help you see the amount you are eligible to borrow. It also offers EMI calculators to help you plan repayment beforehand even when you need to borrow funds urgently. This helps you keep your credit score high as it reduces the chances of rejection and missing EMIs. 

Also Read: Tips on How to Manage Your Finances in the Best Way Possible

Customised Offers Based On Your Credit Usage

Certain lenders offer pre-approved loans based on your credit history and repayment potential. These offers expedite financing and making applications easier. Nifty finance apps like the Bajaj Finserv Personal Loan App offer a selection of pre-approved loan offers that you can access with just a swipe to apply for an instant loan.

Access To a World of Financing 

Most lenders allow you to do more than just apply for an instant loan via their apps. With a reputed lender’s online loan app, you can view other credit offers and check exclusive deals too! Bajaj Finserv’s Experia App has a special chatbot named BLU that can help you with the latest exclusive offers, be it related to EMI financing for electronics and other needs and even the SuperCard, a credit card that offers untold benefits., 

Management of Existing Loan Accounts 

Online loan apps not only allow you to apply for an instant loan, but also allow you to repay them. Efficient instant loan apps offer you options to pay your EMIs, prepay your account and view your owed sum or other details all with a few taps. 

So, look for these five features to ensure your convenience. If you are looking for a top-listed loan app that can help you get an instant loan and manage it efficiently too with its user-friendly layout, consider the Bajaj Finserv Experia App. Being one of the best finance apps, you can use it to be at the top of your finances. Further, Bajaj Finserv is a leading NBFC that provides all kinds of financial services from high-yielding fixed deposits to affordable personal loans. So, get started today and download the app from Play Store or the App Store. 

Also Read:7 Mistakes to Avoid When Seeking Funds for Your Business

The post 5 Features Of Business Loan App You Must Have to Know! appeared first on TodayTechMedia.

An Android app is a mobile app downloaded on Android operating systems; these are Samsung, LG, Sony, Huawei, and Google devices. These apps can be downloaded from Google Play Store or Android websites for tablets. With Android controlling over 80% of the international mobile market, developing an Android mobile app for your business can significantly extend your reach in business. Android has a massive user base in Europe, Asia, and the United States. Let’s get into more details and find out how an Android app can boost your business in 2019. 

How Can An Android App Boost Your Business?  

A New Marketing Strategy:    

A mobile app is a great tool that can easily be integrated into your marketing strategy to promote your products or services. For example, setting loyalty programs for mobile users can encourage customers to go mobile instead of using the website. Whether it’s by creating a reward system where they get points for mobile shopping or having exclusive sales on the app, developing a loyalty program is strong marketing for your business. It will also increase customer loyalty because they’d always want to come back to your app, to gather more points or see your latest updates. 

Another marketing strategy would be using the push notifications, these are alerts you receive on your phone with updates or messages from the apps you have. Businesses can use this advantage to update their customers with their recent updates, latest sales, or new products. A recent study has shown that 60% of mobile users have their push notifications on, so why not take advantage of it? 

Enhance The Ux Design, User Experience: 

We’ve all dealt with the frustration of a website taking forever to load or having difficulty navigating on a website, looking for specifics. With more people spending their time on their phones than they do their computers, you need to ensure they can easily deal with your business through mobile. 

A mobile-friendly website is a good step but it doesn’t fully optimize the user experience for customers because of all that can go wrong. A mobile app offers customers a relaxing, easier experience where they can easily search for products, reach your customer service, save favorite items, and more. A mobile app will increase customer engagement; it’ll be the main channel your customers reach you at.  

Also Read: Why Startups Should Use CRM Software

Increase Your ROI: 

With a better mobile experience, customers will be encouraged to deal with your business through mobile. A concern for many business owners is spending a lot of money on developing the app without getting ROI. There are multiple ways to monetize your app; app sales will increase because users will mostly reach you on their phones and also having flexible payment methods like PayPal, Samsung Pay, credit cards, etc.  

Another way for monetization is having in-app ads or having a paid app, ad revenue is a great way to increase your business income. With a smooth purchasing experience, your customers are guaranteed to use your app for shopping. 

Gain Customer Insight: 

An Android app can be a great way to get the inside scoop from your customers, knowing what the top sellers are, what they like and dislike, and learn about their experience. With this knowledge, you’ll be able to personalize the user experience and enhance your products or services. 

Also, by performing mobile data analysis, it will keep you updated on profitable locations, your demographic, and different strategies used. You can also develop a review/ rating feature so users can leave their feedback on your app. With this info, you can work on improving your app and making it more enjoyable for customers. 

Take Your Business To The Next Level:

With Android being the number one platform in the mobile world, an Android app will not only connect you to all your current Android customers but it will set the base for you when you plan on boosting your business and going international. 

Even though iPhones are more popular in the US, in Europe’s and Asia’s market, Android takes the first place. So if you have an online business or a physical one, Android users throughout the world can be familiar (if not already customers) of your business and services. 

Also Read: AI Role & Importance In The App Development Process

Leverage Over Your Competitors: 

With a competitive and tough market, taking advantage of technology, especially mobile app development is very important. With mobile sales surpassing website and physical store sales last year, it’s quite obvious that mobile apps are only on the rise.

Even small businesses and startups are picking up this strategy because of its huge success, by having a mobile app, you’ll have leverage over all your competitors that are still only using websites.  

Build Your Brand: 

Establishing a strong business brand is all about visibility. With many other competitors offering your same product/ service, you need to gain recognition and stand out. Besides marketing yourself, having a mobile app on your customer’s phone will encourage them to check it out and engage with it more. You can use your app as a marketing tool to spread the word about your business. For example, adding a sharing feature where customers are able to share your latest news, events, or products on social media platforms like Facebook or Twitter will get your customers involved in marketing your brand for you!   

So What Now? 

Having a business app seems like something we all need to jump on in 2019, without one, businesses wouldn’t be able to keep up with the wave of technology and will eventually fail. Your customers want you to take this step; they’re just waiting on you to do it. 

As a business without an app, you need to start looking into mobile app development, find the best option for you, and get on board with this quickly-rising trend because mobile apps are the future of business.    

Also Read: Business Loan App You Must Have To Know

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