Following are the different types of personal:
Wedding Loan - You can get this loan to meet all your wedding expenses, which can be anything from guest accommodation to buying jewellery for the grand event. You can find special offers from lenders on this loan type.
Travel Loan - Travelling remains on top of everyone’s mind. But we often find ourselves short of savings to ensure the same. This is where a travel loan can help you! It provides you with the required funds for meeting your expedition desires.
Consumer Durable Loan - It varies from other personal loan types. This loan is financed upto 80%-90% of the purchase price of the consumer durable. So, it’s not financed fully, unlike other loan types where a 100% finance is possible provided you have the required income, credit score and repayment potential.
Home Renovation/Improvement Loan - You can get this loan to renovate or extend your existing housing unit.
Medical Emergency Loan - Medical emergencies can be very hard to deal with if you don’t have savings to spend on the same. To ensure you recover from this, banks and NBFCs offer you a medical emergency loan. If all goes well, the loan can be approved and disbursed faster than what may be the case with other personal loan types.
Festive Loan - Festivals are celebrated with elan in India. Keeping that in mind, lenders come with exciting festive loan offers for borrowers wanting cash to meet their festive needs.
