What are the different types of personal loans in India?
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Personal loans can be used for a wide variety of purposes. Here are the popular types of personal loans.
- Wedding loan
Whether for marriage celebrations or your honeymoon, take a personal loan for weddings instead of draining your savings. Use it towards all wedding-related expenses and repay with ease.
- Home renovation loan
This personal loan for home improvement helps you handle the costs of maintenance, repair, remodelling, refurnishing, painting, and more.
- Travel loan
Fund family trips and vacations in India or abroad with a personal loan for travel.
- Medical loan
With instant approval and low personal loan interest rates, this loan can be of great help during healthcare emergencies.
- Debt consolidation loan
Consolidate all your existing debt into a single loan and manage your monthly instalments better. Use our Personal Loan EMI Calculator to compute and plan repayment.
- Higher education loan
A personal loan for higher education helps you finance other aspects of studying in India or abroad like accommodation, travel, and living expenses, as well as tuition fees.
- Small personal loan
Choose this loan when you need additional funds, be it for festive spending or your child’s education.
- Used car loan
Apply for this personal loan online to conveniently fund the purchase of a second-hand car.
Additional reads:
What are the documents required for Personal Loan?
How do lenders decide Personal Loan eligibility?
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