Personal Loan

Personal loan is a short to medium term unsecured loan (no collateral) that you can use to meet your financial needs. Personal loan is a loan given to borrower against his Income and credit worthiness.

Equated Monthly nstallment (EMI). It is a temporary loan to meet small needs of borrower for immediate cash requirement for short term in easy way Personal Loan is better than borrowing on Credit card in terms of Rate of Interest, but more expensive than secured loan.It is simplest loan in terms of documentation.

Though most commonly used to meet expenses related to debt consolidation, vacations and unexpected medical expenses, Salaried and Self Employed Professional like engineers, doctors, Chartered Accounts etc, can avail loan from Banks. a personal loan may be used for practically any type of expense.