Personal Loan

A personal loan is a type of loan that is typically unsecured, meaning that it does not require any collateral such as a house or car to be put up as security. Personal loans can be used for a variety of purposes, such as consolidating debt, paying for home repairs or renovations, covering medical expenses, or funding a major purchase.

Features of Personal Loan!

1. No Collateral or Security: No collateral or mortgage to avail a personal loan. Loan approval is based on your credit score, credit report, repayment history, and other criteria.

2. End-Usage-Flexible: No end-usage restrictions on a Personal Loan gives you the liberty to meet multiple purposes including medical emergencies, holidays, business, or debt consolidation.

3.Flexible Tenure:You may avail a loan for a flexible period ranging from 12 months and 72 months.

4.Minimal Documentation: Identity proof, proof of residence or address, and income proof are the only requirement for a personal loan.

5. Quick Disbursal:Once approved, disbursal of your personal loan happens within a few hours. If you avail a pre-approved personal loan, the disbursal would be as short as a few minutes.

5.Flexible Loan Amount:Factors determining your loan value are repayment history, monthly income, age, profession, employer reputation, etc