Major Types of Personal Loans You Can Take If You Have a Credit Score of 725 or Above
Personal loans are unsecured loans that are easiest to apply through NBFCs. They do not require exhaustive documents and you are free to use your loan amount to meet any of your financial needs, like renovating your house, paying for a medical emergency, going for a vacation abroad, pursuing higher education, financing a wedding, or consolidating your debts. Terms and conditions are also easier for personal loans as compared to other types of loans.
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