Say goodbye to personal loans and say hi to instant credit line, one of the rising financial instruments for emergency funds requirement in India. With credit line, you can not only shop across merchants but also avail EMI services. Here you can shop now and pay later when you have the funds ready. It is the most convenient way to shop in 2020 as you can do it directly from your mobile phone. You just need a smartphone and an internet connection to avail credit line.
You can do it right now as you are reading it. Here’s how.
How to Avail Instant Credit Line through the Dhani App
Credit Line is basically a pre-approved loan that you can use as a wallet for any number or type of financial transactions. It is like a virtual credit card without the hidden costs that is usually attached to it.
The first step to avail instant credit line is to download and install the Dhani App. You can do it via Android or Apple app stores (depending upon your smartphone’s OS) or do it directly through the Indiabulls Dhani website.
The next step is to add your personal information like name, email ID, and mobile number. This is to register yourself on the Dhani database. You will also need to supply your PAN card, Aadhar card, and bank account details. Post this, you can specify the amount you want to keep as your limit in your wallet and you are done!
Based on the details you furnished, the Dhani app will automatically assign you instant credit line. You can load your account with any amount in the range of INR 3,000 and INR 3,00,000. Once loaded, you can start using the funds for any of the following:
- Bill payments for electricity, gas, DTH, etc.
- Mobile recharges
- Online shopping via ecommerce
Buy Now and Pay Later
As you use the Dhani Credit Line feature, you will notice that one of its key features it ‘buy now, pay later’. With this, you can purchase a product online or offline and pay back the amount in easy EMIs. You will just have to pay a nominal handling fee. When compared with other providers, this is like a small fee against the large number of features that you get.
4 Main Benefits of Dhani Credit Line
While Dhani Credit Line has several features that make is attractive to youngsters and officegoers alike, there are 4 key benefits that we would like to highlight here. They are:
- Pay only for what you use (for example, if you use only INR 10,000 out of your total limit of INR 50,000, you only have to pay for that amount)
- There are no blanket charges as is common in such finance apps
- Access to RuPay and all its offers and discounts
- Set up an additional digital and physical card for taking it with you during your travels
- You can activate/deactivate the wallet remotely without having to visit a physical officefront
Add up all the benefits of Dhani and you can conclude that borrowing credit from the app is the most beneficial. More than anything it is the ease of setting up and availing that trumps its competitors.
Need a financial helping hand during these trying times? Get the Dhani app today!
