When it comes to arranging an immediate amount for different needs, nothing matches a personal loan. It is because you don’t need to submit any collateral to get the loan approval.
If you are the right candidate, you can enjoy a bigger amount that you can use to cover many needs. But what are the types of personal loans? You can avail many types of personal loans as per your preferences to suit the exact requirements. Read on and know more! Types of personal loans at a glance
2. Medical emergency loan Medical emergencies can strike you without intimation. If you don’t have enough to cover the bills, you don’t have to liquidate your assets or savings. You can rely on the medical emergency loan to avail up to Rs.25 lakh from leading lenders. 3. Debt consolidation loan One of the many types of personal loans is the debt consolidation loan. The loan lets you consolidate all your debts and help you pay a single EMI per month. In turn, you can also save big on interest charges. 4. Home improvement loan If you wish to undertake some repairs and renovations in your home, you can avail the personal loan for home improvement. You need to keep your CIBIL score, repayment and income record intact to get the loan approval. Other types of personal loans also include travel loans, higher education loans and more. The best thing about any of these loans is that you are free to use the loan money for any other purposes without restrictions. All that you have to do is – keep a robust CIBIL score and match lender’s eligibility conditions. Bajaj Finserv offers pre-approved offers on personal loans, home loans and more. It is to simplify loan processing. You can check out your pre-approved loan offers today after sharing your basic details such as your name and mobile number. Additional Read: Know How Many Types Of Personal Loan
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |