Personal Loan - Unsecured Financing Up To ₹15,00,000 | Flexible Emi Options, Quick Processing, Ideal For Personal Expenses

Personal Loans are the loans which are provided by Banks and NBFCa s (Non Banking Financial Company) without any collateral security, this means that there is no risk on owned property. Personal loans are generally taken to manage higher standard of living, marriages, promoting business, tours, petty expenses and investment in different financial schemes.

The Bank / NBFC takes the highest of risk by giving personal loan without any security, the bank will charge higher rate of interest ( 14% onwards ) as compared to other loans ( Home Loan, Mortgage Loan, Car Loan and etc.,).

You can repay the loan in defined EMIs by banks, the tenure of personal loans it not extended more than 2 to 5 years and makes sense to make the repayment well before the tenure as personal loans have a high rate of interest attached.

Personal loans are available in the range of Rs 50,000 to Rs 15, 00,000/-

If you are employed and earn a monthly income, you are eligible for personal loans. You can be a salaried, self-employed professional or business man. The amount of loan eligibility will differ based on the person's current earnings.

Processing charges / Service charges of up to 2% of the loan amount is levied. This charge might differ across various lenders.

You can repay a personal loan by issuing post-dated cheques or EMI for the entire duration of the loan.