Personal Loan is a collateral free loan based on income documents of individual. Since this is an unsecured loan thus the borrowers past track records of loans & credit score has to be good.
A personal loan refers to money that is borrowed from a financial institution, for personal use. In opposition to larger and long-term loans, personal loans are taken into relatively short to medium terms. Generally personal loans are used to pay for one-time or short term expenses where a borrower doesn’t normally require disclosing the specific reason for the loan. This type of loan is used by many to resolve their current financial needs.Apply Now