Te Finance Express

Anil Pinapala

The technology driven world we live in today, needless to say financial transactions too have shifted to digital platforms. While this makes money lending and availing loan a seamless process, digital is a scary place if you don't exercise caution. Hence, keep in mind what to avoid and what to entertain on the digital space. Choose a lending option wisely, after comparing interest rates, lending terms and repayment options, credibility of the lender; understand terms and conditions, repayment schedule and charges; maintain a good credit score. Beware of online fraudsters; avoid taking multiple loans at the same time; also remember in digital application, there is no need of physical contact; make sure to check pre-payment and pre-closure charges. Above all, be mindful so as to choose the best deal to suit your needs.