New Delhi, June 12 -- Digital technology and financial services have transformed in India, including the way borrowers apply for loans. Today, anyone can apply for an instant Personal Loan online through websites or mobile apps and get approval within minutes, followed by disbursal for eligible applicants. Online lending platforms like Hero FinCorp are also providing hassle-free loan processes. Applicants are not required to provide any physical documents or visit the lender's branch. They can apply online from anywhere, anytime. Instant loans are helpful during situations like medical emergencies, urgent home or vehicle repairs and travel-related expenses.

Traditional loan applications often involved branch visits, physical paperwork an...