What is a Personal Loan?

A personal loan is money borrowed from a bank, NBFC, or financial institution that you repay in fixed monthly EMIs over a specific tenure. It can be used for almost any purpose — from emergencies to lifestyle needs.


Uses of a Personal Loan

  • 🏠 Home renovation

  • 💍 Wedding expenses

  • 🎓 Education or skill courses

  • 💳 Credit card or loan consolidation

  • 🚗 Vehicle purchase or repair

  • 💼 Business capital

  • 💊 Medical emergencies


    Benefits

    ✅ No collateral needed
    ✅ Flexible repayment options
    ✅ Quick online approval
    ✅ Improves credit score with timely payments