Personal loan
A personal loan is a high secured loan and helps you meet your current financial needs. You don’t usually need to pledge any security or collateral while availing a personal loan and your lender provides you with the flexibility to use the funds as per your need. Personal loan can serve as your solution for managing your travel costs and wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others. Online personal loan offers India's fastest personal loan with instant approval and disbursal within just 24 hours. Learn about your personal loan eligibility, use the personal loan Emi calculator and apply for personal loan just few easy steps! Think it.
For what purposes can it be used?
It can be used for any personal financial need and the bank will not monitor its use. It can be Utilized for renovating your home, marriage-related expenses, a family vacation, your child's education, purchasing latest electronic gadgets or home appliances, meeting unexpected medical expenses or any other emergencies.
Maximum loan duration
Personal loan can be 15 to 60 months or 1 to 5 years. Shorter or longer may be allowed on a case by case basis, but it’s rare
Interest loan
As there is no collateral of any asset like Home, Car done, the personal loans carry higher interest rates than say secured loans like Home Loan, Loan against property or Car Loan. This is due to higher risk carried by the Bank/NBFC in granting them. Personal loan interest rates generally vary from around 11% up-to 33% depending on the Loan amount, Credit Score.
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