What are the different types of personal loans in India?

2 min read

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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