Personal Loan | Get instant personal loan
Frequently asked questions
1. Are there any advantages to applying for a Personal Loan online?
Ans: Yes, applying for a loan online has many advantages:
- No need to visit any branch. Get a loan from the convenience of your home.
- Quick disbursal. Get money in your account within a couple of hours.
- No physical documents are required. Completely digital process.
- Instant approval. Get the result of your loan application in real-time.
2. Are there any tax benefits associated with a Personal Loan?
Ans: No, there are no tax benefits associated with a Personal Loan.
3. What is the tenure for which I can get a credit-wala personal Loan?
Ans: Personal Loan tenure can range from 3 months to 48 months.
4. Are there any pre-closure charges?
Ans: Yes, there are pre-closure charges associated with loans. They generally range from 2% to 4%.
5. What happens if I miss the due date to pay my EMI?
Ans: Missing an EMI payment can lead to late fees and negatively impact your credit score. Continuous defaults could result in legal action.
6. Is a Personal Loan available to salaried people only?
Ans: No, a Personal Loan is available to both salaried and self-employed individuals.