How to take loan from Umang Loan App? Umang Loan App Review

All private and government banks of India provide all types of loans to their account holders as well as other customers. There are some financial institutions which provide all types of loans to customers through online medium by launching their apps in Google Play Store and iOS App Store. We will tell you about one such app which provides instant personal loan facility to the customers in a few minutes by completing KYC online. The name of that app isUmang Loan App

All the information related to this app like, what is the interest rate on it, how much loan can be availed up to how much rupees and for what period of time, what are the eligibility criteria for taking loan from this app and for what purposes the amount received from the loan can be used. Can be done in. Information about all these things is given below and it is also told how to download the Umang app on your smartphone and register or sign up in it.

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What is Umang Loan App?

Umang Loan App The instant personal loan app is available on Android Google Play Store or IOS App Store and is free to download.

By partnering with RBI registered NBFC companies like Fullerton, GrowthSource, Incred, Upwards Capital Private Limited on 18 June 2021Umang Loan App Started.

Umang Loan AppLicensed by the Reserve Bank of India, it is a non-banking financial app. It offers personal loans up to Rs 2,50,000 within 24 hours with a completely paperless KYC process and that too at the lowest EMI and lowest interest rate.

You can fulfill your needs now by taking a personal loan from Umang App.

Umang Loan App How to take personal loan from

To take a personal loan from Umang Loan App, first of all you have to download it on your smartphone. For which, go to the search box of Android Google Play Store or iOS App Store and type Umang Loan App and click on search, which will open the Umang App and by clicking on the Umang App, you can download it from your smartphone.
After downloading it, now you have to sign up for it.
As soon as you open the app, the option of sign up or login will appear, click on sign up, you can sign up with Facebook account or Google account.
After selecting your account, click on Submit and Continue and you will reach the next page. Where verification will be done through 3 steps.
Fill all the information required in the first step like mobile number, required loan amount, loan purpose, PAN number, first name, date of birth, gender and loan amount as per requirement and click on Submit and Continue.
Now the second step of verification will come where you fill all the information like monthly income, made of salary payment, employment type, work experience and click on Submit and Continue.
This is the third and last step of verification where there will be an option to fill the resident address. Where it will be written Years at Current Address, and three options will be given – less than 1 year, 1 to 3 years and more than 3 years. Click on the length of time you have lived at your residence. After this, there will be current address option, below which there are options like flat and house number, street or locality, pin code, city, fill the correct information in these and click on submit and continue.
After this you will reach the document verification page where there are four steps
On the first step, there will be an option to upload selfie and PAN card. Here, upload the photo and PAN card photo and click on Continue.
In the second step, upload your address proof, bank statement, rent agreement if you live on rent, utility bills, photo of voter card and front and back photo of PAN card and click on Submit and Continue.
In the third step, upload the photocopy of last month salary slip and company ID and click on Submit and Continue.
In the fourth step, fill the bank details like photocopy of last 3 months bank statement and bank details and click on Submit and Continue.
All the documents given by you will be verified by the review team of Umang App and after the documents given by you are verified, the message of approval of the loan amount asked by you will come on your registered mobile number.
After the loan is approved, the loan amount will be transferred to your bank account within 24 hours.

Umang Loan AppWhat things should you keep in mind before taking a loan from

Before taking loan from UMANG LOAN APP, there are some important things which should be kept in mind like,

Why are you taking the loan?
How much money is required?
How much interest will be charged on the loan amount taken?
What are the required documents?
What benefit will you get from it?
What will be the period for repayment of loan?

After determining all these things youUmang Loan App You can apply for loan amount ranging from ₹ 20000 to ₹ 250000.

Umang Loan App Eligibility to take personal loan from

Umang Loan App Eligibility information for taking a personal loan from is given below.

Applicant must be a citizen of India
The age of the applicant should be above 18 years and between 59 years.
The monthly income of the applicant should be more than Rs 20,000.
The civil score of the applicant should be more than 650.

If the applicant fulfills all these important requirements then he is eligible to take the loan.

Umang Loan App Documents required to take personal loan from

This app provides instant personal loan approval in just minutes with minimum required documents. To apply for a loan, the applicant must have all the documents given below,

mobile number
Aadhar card,
PAN card,
salary slip,
bank details,
Address proof.

Umang Personal Loan Interest Rates and Processing Fees

This app gives loans to all its customers at interest rates ranging from 16% per annum to 24% per annum. The interest rate depends on the loan amount taken and the customer’s monthly income, credit score, credit history.Umang Loan App It charges 2% to 5% processing fee on the loan amount taken from all its customers.

Repayment period for personal loan taken through Umang Loan App

This app provides loans to all its customers with repayment periods ranging from 6 months to 24 months.

Use of loan amount taken from Umang Loan App

Umang Loan App You can use the personal loan amount taken from ICICI Bank for almost everything except gambling.

The amount received from the loan can be used to pay all types of bill payments like electricity bill, water bill, gas bill, postpaid mobile bill, DTH bill.
Online shopping bills can also be paid with the loan amount.
Bills for travel tickets like train tickets, bus tickets, air tickets can also be paid from the money received from the loan.
You can also buy electronic appliances with the money received from the loan.
If you want to start a small business, you can use the personal loan amount received from this app. Or even to expand your businessUmang Loan AppYou can use the loan amount received from.
Friends, by using the information given by us on taking personal loan from UMANG LOAN APP, you can also apply for personal loan from this app and fulfill all your needs.

You can share this information given by us with your relatives and friends and inspire them to take benefit from this information.