Personal Loan

Introduction of Personal Loan
A personal loan is a type of unsecured loan.

 

Key features of a personal loan include:

  • No collateral required (unsecured loan)

  • Quick processing and disbursal

  • Flexible repayment tenure (usually 1 to 5 years)

  • Fixed or floating interest rates

  • Eligibility based on income, credit score, and repayment capacity