Personal Loan

Personal loan is a short to medium term unsecured loan granted to an individual. It is commonly used to meet such financial needs as debt consolidation, wedding expenses, unexpected medical costs, home renovation and others. Flexibility of usage, minimal documentation and quick processing make personal loan a preferred financing option. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. In Personal Loan you are not required to put up any collateral to ensure repayment.Personal loans are backed only by your promise to repay, and for this reason they are also known as “signature loans” or “unsecured loans.”