The Best Features In Personal Loan Offers With personal loans, you can take advantage of Flexible EMI plans, higher loan amount and flexible tenure options. Although, the quantum of personal loans to the customer depends on a number of factors such as borrower’s credit history, existing loans, company with which you are currently employed & the number of years of relationship with the bank etc.
Need immediate cash? A personal loan can be disbursed to you much quicker, as compared to other types of loans
With personal loans, you get the complete flexibility of end-use. Use the money the way you want as there are no restrictions on how you should spend the loan amount.
You are not required to provide any security/collateral to the lender in the form of shares or any other assets.
Improves your Credit Score
A personal loan provides an additional line of credit to your credit report. With on-time & consistent payments, you can improve your credit score.
You do not need to go through heaps of paperwork while applying for your personal loan. It requires very little paperwork as compared to other loan types.
Flexible Repayment Options
You can repay your personal loan with a host of repayment options such as ECS, online EMI payment, PDCs and so on.