Personal Loan 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.
- Posted:30th May, 2025
- Updated:30th May, 2025
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Financial institutions consider various aspects of your financial profile into account to determine your creditworthiness and the risk associated with lending you money.
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- Updated:30th May, 2025
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The need for a co-signer or guarantor for a personal loan depends on the lending institution’s policies and your creditworthiness.
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- Updated:30th May, 2025
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Yes, personal loans have minimum and maximum loan tenure, over which you must repay the loan.
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- Updated:30th May, 2025
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Yes, you can reapply for a personal loan if your application is rejected. However, it is essential to understand why the application was rejected in the first place.
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- Updated:30th May, 2025
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Understanding the common factors that lead to loan application rejections can help individuals better prepare and increase their chances of approval.
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- Updated:30th May, 2025
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Yes, applying for a personal loan online is possible and is becoming increasingly popular due to its convenience and accessibility.
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- Updated:30th May, 2025
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Different financial institutions have different minimum and maximum limits for the eligible personal loan amount.
Read More Popular FAQs
- How much personal loan can I get on 15,000 salary?
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- How is the Personal Loan EMI to be paid?
- Can I choose the EMI amount and tenure for my personal loan?
- Can I use a personal loan for home renovation or repairs?
- What is a personal loan amortisation schedule?
- Can I apply for loan, jointly with my spouse?
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