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Business News/Topic/    Personal Loan

PERSONAL LOAN

A loan is when you borrow a certain amount of money at a pre-decided rate of interest and tenure. Loans are categorised in different categories by banks/non-banking financial corporations/other financial institutions - home loan, car loan, gold loan, personal loan, etc. A personal loan can be utilized for various purposes such as pay for home renovations, purchase of household/other items, or to even consolidate debt. People between the ages of 21 and 60, employees of private limited companies and public sector undertakings are eligible to take such loans. They’re offered by banks, credit unions and online lenders. Personal loans vary in terms of interest rates, fees, amounts and repayment. They may be secured with collateral or unsecured without. Personal loans usually attract a higher rate of interest as compared to a home loan. Get the latest Personal loan news, videos, headlines, opinions, special reports and more here.
SBI offers instant personal loans up to ₹2.5 lakh with quick disbursal and simple online application through the YONO app. Premium

Need ₹2.5 lakh fast? Here’s how to get an SBI personal loan easily

3 min read . 16 May 2025
Bajaj Markets offers loans ranging from ₹500 to ₹55 lakh Premium

Bajaj Markets enables easy personal loan access for first time borrowers

1 min read . 16 May 2025
Personal loans: A well-informed borrower is never overcharged – know the 12 hidden costs. Premium

What are the various charges in a personal loan? Check here

5 min read . 15 May 2025
A blank cheque may be requested by some lenders for personal loans, but it is not a mandatory requirement. Premium

Is a blank cheque necessary to obtain a personal loan?

3 min read . 15 May 2025
The report draws insights from over ₹22,600 crore in loan disbursements and over 2 crore transactions facilitated through the Yubi platform, Premium

79% of loans reach tier 2, 3 cities as partnership lending jumps: Report

2 min read . 14 May 2025
Loan service providers are meant to provide a digital view of all the loan offers matching the borrower’s request on the DLA which meets the requirement of the borrower. Premium

How RBI’s latest rules on digital lending will impact the borrowers?

2 min read . 14 May 2025
₹2.5 lakh personal loan from DCB Bank – Quick, easy, and hassle-free application process Premium

DCB Bank personal loan: How to get ₹2.5 lakh instantly

3 min read . 13 May 2025
Always ask these key questions before choosing a personal loan in India to avoid costly financial mistakes. Premium

Thinking of taking a personal loan? Don’t skip these 5 questions

2 min read . 13 May 2025
Almost all banks share EMI calculator that enables users to calculate monthly instalment based on different inputs entered. Premium

How can you use a personal loan EMI calculator for optimising your instalment?

1 min read . 09 May 2025
Follow these simple steps to pre-close your personal loan and save on interest in 2025 Premium

Want to close your personal loan early? Follow these easy steps

2 min read . 08 May 2025
Find out if your personal loan needs collateral with this quick guide on secured vs unsecured loans. Premium

Do all personal loans require collateral? Know the truth

3 min read . 07 May 2025
It is not uncommon to take a personal loan for organising a wedding Premium

Personal loan for wedding: 5 key things one should know before applying

1 min read . 07 May 2025
Bank statement duration plays a key role in personal loan approval for Indian applicants in 2025. Premium

6-month bank statement for personal loan: Myth or must-have?

2 min read . 06 May 2025
When linked to Aadhar, the PAN card can also be used to avail a personal loan Premium

How to avail ₹5 lakh personal loan with your PAN card?

4 min read . 05 May 2025
Understand the credit score requirements for a ₹1 Lakh personal loan in India to secure the best terms and faster approval. Premium

What credit score do you need for a ₹1 lakh personal loan?

3 min read . 05 May 2025
Personal loan EMI calculator helps you assess the right loan instalment meant to be paid to repay the loan Premium

3 key inputs you need to use a personal loan EMI calculator effectively

2 min read . 02 May 2025
Some financial services companies allow customers to get approval in just a few minutes with an easy online application process. Premium

Personal Loan: This NBFC offers loan for up to ₹55 lakh. Check details

2 min read . 01 May 2025
Understand the truth about personal loan eligibility, interest rates, and usage to make informed borrowing decisions. Premium

Five common personal loan myths Indians must stop believing in 2025

3 min read . 01 May 2025
ICICI Bank personal loan: 7 easy steps for quick approval and seamless disbursal (Photo: Reuters) Premium

ICICI Bank personal loan: 7 easy steps for quick approval and seamless disbursal

3 min read . 01 May 2025
It is not recommended to take personal loan for investing in stock market Premium

Planning to take loan to invest in stock market? Speak to a wealth advisor first

1 min read . 30 Apr 2025
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