Personal Loan
A Personal Loan is a form of financial assistance provided by different banks and NBFCs. It can be used for personal needs such as medical emergencies, higher education, marriage expenses, holiday plans, and many more. There is no constraint on how the borrowed amount is actually used, unlike certain other types of loans; the borrower has complete freedom to use the money for whatever reason they choose.
Types of Personal Loans
Personal loans are unsecured loans in which the bank loans you money on your creditworthiness and no security is required for the money borrowed.
