Need an instant loan?
Want a credit card?
But not sure from where and what fits your need?
This is when YeLo app comes to your rescue. YeLo app provides easy access to information about Credit Cards, Instant Loans plans of various Banks. The app is available for Android users and you can download it from the Google Play Store.
Getting Started with YeLo App:
Using the YeLo app is easy and even easier is creating your account. Here are the steps:
1. Download the YeLo app from the Google play store.
2. After the installation, open the app, enter your phone number and hit “Verify Phone Number”. An OTP will be sent to the entered number.
3. Enter the OTP to verify your phone number and “Continue”. If you don’t receive the OTP within 1 minute, resend. If even that doesn’t work try another number.
4. YeLo app needs further permissions to work properly but these permissions are not necessary to use the app so you can skip this
What Does YeLo App Do:
YeLo gives you the ability to check the features and benefits of different types of financial services that are being provided by Banks or other companies. YeLo app is free-to-use and can be downloaded from Play Store.
Benefits of YeLo App:
There are many benefits of using the YeLo app and here I’ve listed them all:
Instant Loans:
YeLo app lets you browse through the list of apps that offer instant loans.
There are plenty of apps that claim to offer instant loans at a minimal interest rate and no hidden terms and conditions. But we know that’s not always true.
Another hassle that YeLo saves you from is: going through different apps to find out how they work, what is the procedure to get a loan? How long will it take? What are the documents that are required? Interest rate and more.
YeLo app lets you retrieve all this information in a few minutes. You can gather all this information without wasting much time and choose your loan provider and apply.
YeLo also provides a short review for every loan provider so you know which one suits your needs and is dependable.
Credit Cards:
“A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder’s promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. In other words, credit cards combine payment services with extensions of credit. Complex fee structures in the credit card industry may limit customers’ ability to comparison shop, helping to ensure that the industry is not price-competitive and helping to maximize industry profits. Due to concerns about this, many legislatures have regulated credit card fees.” – Wikipedia.
As you can see Wikipedia not only has the definition of Credit cards but also informs you what the main grumble credit card holders have. This is also one of the main reasons why people are averted from Credit cards.
YeLo app guides you through the steps that you should take before you get your first credit card. So you don’t end up applying for a card that’s not for you.
In the YeLo Recommended section, you can view the list of credit cards that YeLo recommends and also their benefits and offers.
Like instant loans, YeLo provides short overviews for credit cards too. You can view information like what are the fees and charges, eligibility criteria, documents required to apply, where to apply etc.
Offers:
In the offers section, you will be able to view various shopping and travel offers that are available for different Credit and Debit cards.
This section will help you get the best deals when you shop online and save money.
Coming Soon:
Currently, YeLo only provides information about instant loans and credit cards. But soon, you’ll be able to get loans and credit cards directly from the app. They are in the process of collaboration with banks & cash loan companies.
Final Words:
YeLo is a great app to get better and unbiased information before you apply for a credit card or instant loan. You can check what loan provider suits your needs and what credit card is the best according to your requirements.
So before you apply for an Instant Loan or Credit card make sure you check the details on the YeLo app.
