A Personal loan has higher interest rates than secured loans like a home-equity
loan, but you are not required to put up any collateral to ensure repayment.
Personal Loan. A personal loan is an unsecured loan, meaning the borrower does
not put up any collateral or security to guarantee the repayment of the loan
To meet the Personal Use like medical, vacation etc.
Educational expenses of family members including near relatives
To undertake repairs/renovation/extension to the residential/commercial property;
To purchase of Consumer durable product like air conditioner, computer, refrigerator, etc..
For Repayment of existing loans availed from other Banks / FI’s .
Type of Advance
Quantum of Advance
Cost to the Customer