01
Quick Approval
As compared to 3-4 weeks for home loan processing, a personal loan takes much less time. As a result, they are the best bet for meeting your urgent cash or payment needs.
02
No Need for a Collateral
Personal loans are unsecured which means that you don’t have to provide collateral to avail them. This is why it is easier to avail personal loans as compared to other loans such as home loans, auto loans, etc.
03
Versatility
Be it for an iPhone purchase, a Swiss holiday or for home refurbishing, a personal loan will be helpful without being limited by the use case. Additionally, a single loan can be used for multiple purposes and is not limited such as home loans or auto loans.
04
Builds Credit Score
If you have a low credit score or are new to credit, a great way to build your score is by availing affordable personal loans and repaying them on time. As you pay your EMIs on time along with the pre-decided interest rate, your credit score will increase.
