The rate of interest on personal loans is primarily established by financial institutions on the basis of a borrower’s repayment ability.
A personal loan is an unsecured loan offered to the borrower without any collateral against the sum borrowed
The largest bank of the country has got special offers on all sorts of retail loans.
A minimum of Rs 20,000 loan can be availed against gold while the upper limit stands at Rs 50 lakh for the SBI gold loan facility
The high risk associated with unsecured loans is compensated with equally high-interest rates charged from the borrower.
From an open LOC you can take loan multiple times, whereas in personal loans you can take a loan once
Insurance cover provided through loan-linked policies is usually aimed at reducing the risk for lenders and thus, may not be adequate for borrowers
Experts always suggest conducting thorough research about the lending company before trusting any of their claims
Money9 Helpline hosted Finscholarz’s Renu Maheshwari to explain the do's and don'ts of taking a loan.
The application process becomes simpler if you have a savings bank account with the bank to which you have applied for LAP