So, you have been hearing many success stories about personal loan apps but not coming around to believe it? Many claims and benefits are being thrown around by companies, but no story touches upon the actual details and benefits?
So, here’s a success story that will give you all the facts. This is the story of Manoj, an IT professional working full-time and living with a small family in Mumbai. Read more to find out how Indiabulls Dhani helped him through his loan journey, from start to end.
What is Manoj’s Profile Like? Why Did He Want a Loan?
Before we understand how the Dhani app helped him through his personal loan journey, let us first examine his requirement and profile.
Manoj wanted to borrow a sum of INR 30,000 for a family medical emergency. Since he had already exhausted his liquid emergency money to send to his parents living in Bihar, he looked for another avenue. Other than fast disbursal (since it was for a medical need), he wanted convenience and easy repayment options.
He chose Dhani because of the convenience of applying for a personal loan through the app and the sheer ease of paying back. Dhani was also the only provider that would give him an instant loan with minimum documentation.
The Instant Personal Loan Application Process Through Dhani
Because Manoj already knew about Dhani, he quickly installed the app and initiated the loan application process. As he was tech-savvy and had all the required documents handy, he could immediately begin the process and get a disbursement in a matter of few minutes.
One big advantage of the Dhani app is that Manoj got the disbursement instantly into his bank account, with which he immediately paid for his medical requirements. This type of convenience is unprecedented when it comes to personal finance in India. Dhani as a service ensures that a user gets the money immediately in case of an emergency.
Loan Repayment Through Dhani – Cheaper EMI Through Points
Another great feature of the Dhani experience is the repayment model. Since Manoj was successfully able to take care of his medical emergency, now he wanted to focus on the repayment.
As a Dhani app user, he began paying his bills and make mobile recharges through the app. What’s more? He used to fire open the Dhani app and play the in-app games to fight boredom, something that every professional in Mumbai experiences and does (mostly during travel). This had a double effect as he soon began earning Dhani points in return for these transactions.
These Dhani Points that he earned were then used as part of his monthly bill payments. “It was a great feeling to see that the time I was spending on the Dhani app was helping me make my EMIs cheaper. I don’t think there is such an app in India or anywhere in the world,” says Manoj as he looks back at his Dhani experience and recommends it to his friends and family. The best part about recommending it is that Manoj earns 1,000 Dhani points with each referral, which he uses to pay his bills and book tickets for flight travel. But he also makes sure that his EMIs are paid on time, which is the only way to convert Dhani Points into actual money successfully.
As seen in this account of Manoj’s experience, using the Dhani app is an enriching experience. Whether by applying for a personal loan or using the features of an e-wallet, the Dhani app makes personal finance easier and happier.