A personal loan is a unique financial product that helps you to meet unforeseen expenditures and fulfill any personal need. It can be availed by meeting the lender's eligibility criteria. Personal Loan to meet your financial requirements such as planning a vacation or your dream wedding, paying for your higher studies or home renovation. You can use a personal loan to cover the expenses of an emergency than other things.

A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and debt consolidation. Some other cases where personal loans may be useful include payment to unexpected medical bills, investment in business, fixing your car, down payment of new house and much more

You must have a regular source of income to avail a personal loan whether you are a salaried individual or a professional. A person's eligibility is also affected by the company he/she is employed with, his/her credit history his/her residential location, his/her running or existing loans as obligation and other factors as per the lender’s criteria.

Yes. Though the exact amount of the minimum personal loan amount varies from one lending institution to another, most lenders have set their minimum personal loan principal amount at Rs. 1,00,000.