Funds received from a personal loan can be used at your wish to fund vacations, purchase appliances, pay for medical bills, renovate your home, finance your wedding, or fund your children’s education. It is likewise referred to as an ‘All purpose loan’.
Many banks now a days offering the lowest personal loan interest rate starting at 9.99% at a flat processing fee of 3.99%. Get instant approval for affordable personal loans up to 50 Lakh for 5 years without pledging collateral or adding a guarantor.
A personal loan is a perfect tool when it comes to meeting the financial needs of your life.
Debt Consolidation
This helps you organize your expenses by paying off credit card bills and other debts on time.
Quick Approvals
Aside from good credit, minimal paperwork makes the process faster when securing a personal loan.
Flexibility of use
End use is unmonitored so you can use the loan flexibly for all types of expenses.
Unsecured Loan type
You do not need to provide collateral to the lender to get a personal loan.
Improves your credit profile
Personal loan is another line of credit added to your credit report that you can maintain by making timely payments to improve your credit history and credit profile.
Apply for an instant gold loan by pledging gold Jewellery, ornaments, and coins for urgent cash needs. You can avail of the loan amount up to Rs 1.5 crore @7.50% p.a. interest rate for 3 months to 3 years of tenure. There is minimal EMI burden, no end-use restriction & no income eligibility criteria.
A gold loan (also known as a loan against gold) is a secured loan that the borrower receives from a lender by pledging an item of gold (ranging from 18 to 24 carats) as collateral. The loan amount offered is based on the current market value and quality of the gold, typically up to 80%.
Gold loans, like personal loans, meet immediate financial needs such as international education, marriage expenses, emergency medical care, and other personal purposes.
Quick Disbursal
Minimum documentation ends in quicker processing of gold loans because of its secured nature.
The flexibility of Use
Since there may be no tracking of the end use, it offers you the ability to apply the loan for any sort of expense.
Secured Loan Type
You aren't required to give some other security/collateral to the lender apart from the pledged gold ornaments.
Lower Interest Rate
Interest rates on gold loans are at the decrease aspect whilst in comparison to a personal loan, considering the fact that gold serves as collateral.