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Personal Loan Financial FAQs

Explore personal loan options with our detailed FAQs. Find clear, concise information to choose the one of the best financing solutions for your needs.

In India, the maximum repayment period for a personal loan usually goes up to 8 years, or 96 months, though most banks and lenders commonly offer tenures of up to 5 years.
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When you apply for a personal loan, the financial institution will check your credit report as part of their assessment.
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Personal loans are popular in India because they offer flexibility as well as can be used for a wide range of needs.
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A personal loan is a form of unsecured credit that lets you to borrow a fixed sum from a financial institution, which you then repay in equated monthly instalments (EMIs) over a predetermined tenure.
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Securing a personal loan with a salary of ₹15,000 is feasible, but the loan amount you can obtain depends on various factors.
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Yes, you can check the terms and conditions of a personal loan before applying for it.
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Understanding the process of paying the Equated Monthly Instalments (EMIs) for a personal loan is crucial for borrowers to ensure timely and hassle-free repayment. Financial institutions typically offer various repayment options to accommodate borrowers' preferences and convenience. Here's a breakdown of how the personal loan EMI is to be paid.
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