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Frequently Asked Questions about Personal Loans

4.7 stars based on 251 reviews

What is a Personal loan?

Personal loan is a 1-5 year unsecured loan given by banks, NBFC’s (Non Banking Finance Companies) or P2P lending platforms without asking for any collateral, guarantor or hypothecation of any assets. The ultimate usage of a personal loan is left to the discretion of the borrower. In our experience, the borrowers generally use a personal loan for debt consolidation, repaying high cost debt, meeting any family or medical emergency, wedding, vacations, home renovation, rental deposits, business needs for an SME, buying certain assets etc.

Personal Loan Frequently Asked Questions ReviewsView All

Hariom Kumar

5 / 5

The website is user-friendly and easy to navigate use. Applying for a loan is also easy , i applied for a personal loan and i am satisfied with everything related to it.
Gajula Joshi

5 / 5

The process of my personal loan approval has been smooth and easy. The loan amount provided is also satisfactory as well as i wanted that particular amount. The interest rate charged is average when compared with the market rate of personal loan available with other lenders.
Dhirubhai

5 / 5

I took a personal loan from HDFC to renovate my home. No collateral was required and the process went very smoothly. we got the loan amount sanctioned in just 3 days without much documentation.
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