Personal loan is a short to medium term unsecured loan provided by lenders without demanding any collateral or security. The loan amount can be used to meet any of your immediate expenses such as renovating your home or other financial needs.
Unlike other types of loans like home loan or gold loan, which require documents and have a tiring approval process, personal loans are often disbursed with minimum documents and the approval process is quick. The loan amount is processed and credited within a few hours provided the lender is convinced of your repayment capacity.
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...Here is how the personal loan rates offered by various banks stack up
Next Rs one trillion of non-home retail loans by Q3FY24
The Best Personal Loans for Bad Credit in 2022
Here is how the personal loan rates offered by various banks stack up
The number of active personal loans increased from 3.5 crore as of March 2020 to 4 crore by March 2021, and to 6 crore by March 2022, it added.
Several borrowers have complained of harassment and blackmailing on loan repayment on the platforms
Here is how the personal home loan rates offered by various banks stack up
Here is how the personal home loan rates offered by various banks stack up
Dos and don'ts to keep in mind while applying for a personal loan
Here's how the personal loan rates offered by various banks stack up
Here is how the personal loan interest rates offered by various bank stack up
Avoid online platforms that charge exorbitant interest rates
Here's how personal loan interest rates offered by various banks stack up
The bank credit scenario in the country witnessed a sharp contrast in terms of sectoral credit offtake in FY21
If you are thinking of availing of a personal loan, here are some steps you can take to improve your chances of getting it
Here is how the personal loan rates offered by various firms stack up
Here's how the personal loan rates offered by various companies stack up
Here is how the personal loan rates offered by various banks stack up