Top 4 Reasons to Get a Personal Loan

Muthootfinance112 Aug, 2024Finance

Personal loans are unsecured loans that do not require security and can be offered with minimal documentation. Banks and financial institutions look at the credit score and history to determine your eligibility for the loan. With simple eligibility criteria and less documentation, you can get an instant personal loan, and the interest rates depend upon your credit history, income, and tenure. Loan repayment requires monthly installments, which are contingent on loan amount, tenure, and interest rate. Once you receive the funds, you can use them however you wish.