1 / 2

Why are More People Applying for Personal Loans?

Why are More People Applying for Personal Loans? on Business Standard. Personal Loans are convenient, come with a relatively easier application process, and have a variety of uses. And with attractive interest rates offered by non-banking finance companies, Personal Loans are fast becoming the preferred means of

renitasaint
Download Presentation

Why are More People Applying for Personal Loans?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Why are More People Applying for Personal Loans? Why do people prefer Personal Loans? There are many factors that make Personal Loans more attractive. Easy to get: Personal Loans are easier to obtain than many other types of loans. Flexible usage: You can use the funds in a variety of ways. You can use it to pay for a vacation or a medical emergency. You can use it to fund a wedding, renovate a house, and more. Quick process: It can take as little as three days to get approval for a Personal Loan. Just make sure you have all the necessary documentation. No collateral: Personal Loans are unsecured loans. In other words, they are not backed by any collateral. This helps reduce the documents required for your loan application or even the duration of the vetting process. You can even apply for a Personal Loan from the convenience of your home. All you need to do is visit the lender’s website. An application for a Personal Loan from Bajaj Finserv , for instance, pg. 1

  2. usually takes seconds for approval and you can get funds of up to Rs.25 lakh in as little as 72 hours. The bottom line Personal Loans are popular today, but it is important that you opt for a professional lender to avail financing. Keep the various factors in mind when you apply for a Personal Loan and take the first step towards fulfilling your financial goals. (Read more...) pg. 2

More Related