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.

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Are there prepayment charges for personal loans?

Posted:30th May, 2025
Updated:30th May, 2025

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Personal loan prepayment might involve charges, depending on your financial institution's policies.

Posted:30th May, 2025
Updated:30th May, 2025

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Prepayment of personal loans before the end of the tenure is generally allowed by financial institutions.

Posted:30th May, 2025
Updated:30th May, 2025

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Equated Monthly Instalment (EMIs) are a crucial component of loan repayments, as they represent the fixed monthly payment that borrowers must make to pay off their loan.

Posted:30th May, 2025
Updated:30th May, 2025

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Yes, you can get a personal loan even if you have a low credit score by emphasising the following areas.

Posted:30th May, 2025
Updated:30th May, 2025

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Unsecured personal loans are a popular financing option for individuals seeking funds without the need to pledge any specific asset as security.

Posted:30th May, 2025
Updated:30th May, 2025

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When considering a personal loan, it is important to understand that there are two primary types of loans-secured and unsecured loans.

Posted:30th May, 2025
Updated:30th May, 2025

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Loan disbursement refers to the process of transferring borrowed funds from the financial institution to the borrower's designated account or preferred mode of receipt.