3 Services a Personal Finance Company Can Give You

When it comes to our finances, all of us know that managing them can be quite challenging. As it is, there are a number of expenses that we have to take care of every month, including everything from rent, utilities, groceries, and various bill payments. Over all of these, a few crucial expenses may also arise, like a birthday celebration (for which you may need to buy gifts), a medical emergency, or even insurance premiums that you totally forgot about. Unexpected expenses like these can totally mess up your monthly budget, and leave you running short of funds much earlier in the month than you’d like.  Of course, one of the first things you’d consider taking out is a Personal Loan. But what if you need a small amount, say less than Rs. 5,000? Are there avenues you can consider? Yes. There are other personal finance loan companies that offer personal finance loans online. Here are 3 services they can do for you:

1. Give You Access to Short-Term Funds

As elucidated in the previous paragraph, what do you need when all of those expenses grab you by the neck? Extra cash, of course! Your budget is sure to take a beating by the time you finish paying of all those expenses, and you will be scrambling for cash to get through the rest the rest of the month. In such a situation, fast access to cash is exactly what you need. Personal finance loans can give you that extra push of money whenever you’re running short. It saves you from having to otherwise borrow from family, or friends who might be in the same situation.

2.  Helps You Track Your Expenditure

Apart from helping you get access to short-term funds, some personal finance companies have even their own personal finance app, which helps customers track their expenditure. This way, they save money, because they know exactly where their money is going and how it is getting spent. Such apps take categorize your spends into various categories (rent, eating out, groceries, movies, etc.) and present the information in a systematic way at the end of every month. Armed with such information, you can see where you spend the most every month and reduce it accordingly.

3.  Enables You to Plan Your Finances

Personal Finance companies also help you plan various aspects of your finances.  With the information that you will have gained after using their apps (as to how much you spend), you will now be in a position to decide how to plan your finances better (in terms of spending), and also how to save a portion of them. Right from investing it properly, to taking out the correct type of loan to meet your funding needs, these companies can put you in the right track, if you need that expertise or advice.

In Conclusion

The above points are enough to illustrate why switching to a personal finance company is a good idea, given all the benefits. Of course, the company that you go for depends upon your requirements. If you want to switch to a personal finance loan provider yourself, KreditBee is an option you can consider. KreditBee’s entire loan application process, from profile creation to disbursal does not take more than 15 minutes, and it is completely online on the KreditBee mobile app. You just need to download the app from the Google Play Store, complete your profile, and relax. If you wish to learn more about our salary advance loans, please write to us at [email protected] or simply call +080 44 292 200.