With a good CIBIL score, you will get options to choose your lender as multiple banks and other financial institutions will be willing to give you a loan
Personal loans are great for fulfilling both emergency expenses as well as long-standing dreams including weddings, the purchase of expensive gadgets or necessary household items and home renovations
People take the interest rate on their housing loans seriously as it impacts the final cost of the house and also the EMI outgo
Clearing loans faster helps you in minimising interest charges on the remaining amount, but be careful about any prepayment clause
Both public and private sector banks offer education loans for higher studies, including professional courses
A personal loan is sanctioned based on a combination of factors such as income, employment, credit history and repayment capacity of the borrower. It can be utilized at discretion of the borrower. Some may opt for a personal loan to finance their travel costs and wedding expenses, while others may use the money for medical contingencies, business ventures and home renovation.