Why Personal Loans?
A personal loan is a type of unsecured loan which helps you meet your current financial needs. You don't usually need to pledge any Collateral or security while availing a personal loan and your lender provides you with the flexibility to use the funds as per your requirement. This type of loans are normally granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay.
Benefits of personal loans:
- Build or support your credit score.
- Pay for planned expenses with a lower interest rate.
- Refinance your high interest debt with a lower interest personal loan.
- Consolidate multiple debts.
- Know when you will pay off your loan.
- Borrow money without risking your assets.