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What is a Personal loan? |
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Personal loans are also called as unsecured loans. Personal loan can be of marriage loans or for personal needs. The document security needed for personal loan is not as of like car loans, home loans etc. The bank will not ask for any guarantors for personal loans. There will be a speedy clearance for personal loans.
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What can I use a Personal Loan for? |
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Personal loans can be used for any kind of personal needs. In case u need loans for marriage, buying electronic goods, jewelers or any home needs you can go for personal loans. There is no restriction for the end use of personal loans.
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How soon can I get my loan money?
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Once you have submitted your documents and gone for all clearance activity, you can get your personal loans. Usually it takes 7 to 10 working days for disbursing personal loans. Make sure you have all your documents ready for getting your loan soon.
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How much personal loan that I can take? |
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Based on various factors and banks your personal loan amount is decided. The first thing any bank will look for is your annual salary and asset documents. You can also check with us about your personal loan eligibility.
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What is the maximum tenure of a personal loan? |
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Most of the banks provide personal loan tenure from 3 yrs to 5 yrs. usually personal loan are short term tenure.
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