Apps take over student EMIs 

Student loans are one of the best ways to enhance the education index in India. Since the boom of Fintech in India, the country has become depended on the many apps for all their money needs. This dependence has now also come into the loan-taking-world. Many can now use a Student EMI App to not just pay loan installments but also get low-interest loans. The app boom is here to stay, here is why:

Indians are adapting to apps.

It’s as simple as supply meets demand. If there is an easier way to do it, why do it any other way? In the last five years, India has seen a lot of mobile apps that have changed the way we function. From buying our food online to making payments and now even EMIs. If there is an app for it, that is the best way to go about it.

Apps are easier to use.

The beauty of an app is that you can use it from anywhere. An individual can make a money transfer of lakhs just while standing in at a traffic signal. When it comes to Education Loan EMI apps, it beings the bank to you. You can avoid the commute and the long queues in the bank. There is also the added advantage of zero paperwork. These apps are all designed to be easy to use and make like fast and efficient.

No room for bureaucracy.

When you apply for a loan in a bank, there could be a slight chance that the decision is affected by bias. This can never happen in the case of a Student EMI App. Since there is no human emotion involved, your education loans are sanctioned purely on the basis of merit. Having the right connections and knowing the right people is no more a deciding factor.