Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan  is also known as a consumer loan or multi-purpose loan.Which you can use to meet any of your immediate needs.

The benefit: Your personal property isn't at risk. Most personal loans are unsecured meaning there's no collateral required to qualify. Instead lenders spotlight your credit scores and reports. Debt-to-income ratio and other financial factors to determine your eligibility and interest rate.