Owning a luxury home or a decent car is a dream for many. We work our entire lives to earn money to afford these things, some of us achieve to do so and some fail. Thanks to consumer loans, that provide us with the leverage of fulfilling our dreams by facilitating home loans, vehicle loans, etc.
In this blog post I will be telling you about this revolutionary app by L&T Finance called PLANET APP.
L&T Finance is a leading NBFC (Non-Banking Finance Company) registered under the Reserve Bank of India.
Before jumping on to what is PLANET APP, what does it do, and what is so great about it? Let’s learn a little about consumer loans.
What is Consumer Loan?
A consumer loan is a type of credit that is given to a consumer by a financial body like banks to finance specific types of expenditures like purchasing a home, buying a car, paying for a wedding, buying household goods, etc. With changing lifestyles, the demand for consumer loans is on the rise in India.
About PLANET APP
PLANET stands for Personalized Lending & Assisted NETworks. This revolutionary app by L&T Finance is a one-stop destination to access loans as well as keep track of various loan details.
With just a few clicks, consumers can access loans through the PLANET APP in as little as 7-8 minutes. Now you do not have to talk to any agent on the call or visit any banking institution.
L&T Finance has designed this app very carefully, keeping the user experience of both urban and rural customers at the top. This app is available in 10 Indian regional languages besides English and Hindi making it accessible for almost everyone in India.
Key Features of The PLANET APP
1. Consumer Loans on PLANET APP (Fast Process)
PLANET APP offers the ease of applying for a loan with minimum documentation, making the process super easy, it provides fast approval and promises loan disbursal in just 7-8 minutes.
The minimum documentation feature of the PLANET APP makes it very easy to have access to loans as fast as possible for users who need funds urgently for their needs such as weddings, vacations, home renovation, education, and more.
For accessing consumer loans, users have to follow this 4 step easy process given below:
- Enter Personal Details
- Choose Offer Details
- Digital KYC
- Bank Details & E-Sign
2. Digital Two Wheeler Loans
The PLANET APP is offering an end-to-end digital process with PAN India Delivery, for disbursement of two-wheeler loans.
This will require a 5-step easy paperless process that the consumer has to follow.
The process includes the following steps:
- Select Product
- Upload Documents
- Get Approval
- E-Sign Agreement
- Get Doorstep Delivery
This is a seamless digital experience for consumers looking for a two-wheeler loan.
3. Convenient Loan Payment Options
Apart from consumer loans and two-wheeler digital loans, the PLANET APP also provides hassle-free and convenient loan payment options. Users can make loan payments via UPI, Debit Card, Net Banking, Wallet, etc which makes the loan payment process smooth.
4. Mandate Swap
Mandate refers to an authorization given by the borrower to the lender to automatically deduct the loan payment from the borrower’s bank account on a specific date, each month.
Having the feature of mandate swap in the app allows users to easily manage their loans and make the loan payment on time. This feature streamlines the loan repayment process as well as avoids any EMI getting missed or delayed, which will also help you in maintaining your credit score.
5. Security
Each transaction that you will make through the PLANET APP is fully secured and every time when you or someone else will try to access the account, the app will ask you to enter a 4-digit PIN (set by the owner of the account) and further it is also protected by biometric login, this is to ensure that the right user is accessing the account and performing transactions.
6. Check Your Credit Score
A credit score is a score that represents how credit-worthy you are. A low credit score makes it very difficult for the user to have access to the loans. Keeping an eye on the credit score is a very important thing, and every user should monitor it on a regular basis.
The PLANET APP makes it very simple by providing existing customers with the option to check their credit scores within the app, making it easy for the users to check their scores and analyze their credit standing.
7. Mandi Price
This feature of the PLANET APP is primarily made for farmers. What this feature does is, it allows farmers to check mandi prices. The purpose behind providing this feature is to help the farmers stay informed about the prices of the product so that they can make wise decisions such as when to sell their crops. This helps them to get the best price for their crops, which will ultimately help farmers in increasing their profits.
Customer Experience and Feedback
Consumers are really loving the PLANET APP and it has over 3 million+ downloads with a decent 4.4-star rating on the Google Play Store and a 4.3-star rating on the App Store.
The reviews and ratings of the app are amazing, you should definitely download and check out the app.
Download the PLANET APP by clicking on the below link or scanning the QR code:
https://planetbyltf.onelink.me/ffgr/uvfmbbj5
COPYRIGHT NOTICE –
© Dipika Singh. The unauthorized use or duplication of this material without express and written permission from this site’s author is strictly prohibited. Excerpts and links are used, provided that full and clear credit is given to Dipika Singh (Gleefulblogger). With the right and specific direction to the original content.
27 Comments
This app is really great for anyone who is really looking for consumer loans. Thanks a lot for sharing all details over here.
PLANET App truly brings consumer loans at your fingertips. It seems to remove all the hassles and paperwork involved in the process and make the process truly digital.
The news for consumer loans is on the rise nowadays and I’m PLANET app caters to our specific needs. You’ve explained it’s implications in good detail. Good information!
This planet app is truly a very convenient digital solution for people looking for consumer loans. Thanks for this Information.
It is really easy and made for better user experience
Till now I was getting the calls for personal loan for maintaining a good credit score. After reading this post, I feel soon I am going to get consumer loan calls. It is a great product by L&T for those who genuinely need it.
Taking a loan from Bank can be a Hassel with so much to and fro for paperwork and what not. But PLANET APP is changing this and making like easier for its consumers.
It is always good to have an assistant app that shares all the knowledge and calculations and gives consumer right perspective for decisions.
Thanks for the update & informative guide on using planet app, absolutely gonna be useful for those in need of consumer loan. Absolutely hassle free & with convenience. Cheers SiennyLovesDrawing
Financial apps need to be easy and good to understand. Thank you for sharing your feedback.
Farmers work hard and they should get proper returns of their hard work. With PLANET app, there job will become easy. It has made the process easy and straight forward.
I am hearing a lot about planet app all across the web. seems like a great app with many impressive features. will surly explore more about this app from my side. thanks a lot for sharing details about this app with us with this post.
I’m impressed with the PLANET APP for consumer loans. It offers a convenient and efficient way to apply for loans without the hassle of physical documentation. The quick turnaround time and customer-focused features make it a promising option for borrowers.
Insightful information. For me fast processing and hassle free services are the key in selecting any loan services. This app gives me both so would love to check this out and will also share it with my family and friends.
It’s great that we have such options now that make it easier for us to concentrate on renovating homes rather than running after the banks to help us with the money we need for the same.
Such Financial apps are life saviour at time of emergency need. as we are planning for a home renovation , i think this app will help me get a quick loan for the upcoming expenses. Thanks a ton for the recommendation.
This looks like a very fast, hasel free and customer friendly app. Panel App, although i m heraing it for first time and good to know that it has trust of a brand like L & T behind it.
The globe app is getting a lot of attention online. an excellent app with lots of remarkable features. Definitely going to learn more about this software. Thank you so much for providing this post with information on this software.
This app is such a game changer. It has everything one can ask for to get easy consumer loans, it’s a safe & trusted place, it even has mandate swap option. I am definitely checking it out.
Honestly, I had no clue about the Planet App buddy, thank you so much for sharing about it. I will surely check it out.
I have been reading so many good things baout Planet App. The emphasis on digitalization and the ability to track loan details in real-time are especially commendable. Thanks for shedding light on this innovative financial solution that empowers consumers and makes loan management hassle-free.
I have been reading so many good things about Planet App. The emphasis on digitalization and the ability to track loan details in real-time are especially commendable. Thanks for shedding light on this innovative financial solution that empowers consumers and makes loan management hassle-free.
Consumer loan needs are on the rise and I’m glad that planet app is making it hassle free for many people. Thanks for sharing the advantages
Thank you for stopping by.
This is a great way to teach kids about money management. I will definitely take a look and plan on using this to teach money
glad you like it
I feel so lucky that I am living in an era when initiatives like PLANET App are there to guide us about our finances and provide loans sitting at home. This is a revolution