Q1.In what cases can i opt for a personal loan?
You can opt for a personal loan for making big purchases , marraige , home renovation, medical bills, investments, down payments etc. basically any expense which comes witha short notice period in a lum sum amount.
Q2.What is the tenure of a personal loan?
Personal loans generally vary between 1 to 5 years.
Q3.What are the key documents required when applying for a applying?
The key documents are as folows:
Q4.Can I Preclose my loan?
Yes.You have the option of prepaying the loan with various loan providers, standard pre-closure charges will be levied.
Q5.Do I have to pay any additional charges for personal loan?
Yes. A Processing fee will be levied on which differs from bank to bank.