The modern-day world is filled with umpteen choices for everything imaginable. Right from items of daily needs to high-end gadgets, from residential and commercial properties, from the vital telecom services to the much-desired educational facilities, the list is endless. For you to remain relevant at this time, it is crucial that you procure a vast majority of such products and enjoy the services. However, more often than not, such purchases can burn a hole in your pocket, leaving you unprepared for various voluntary expenses such as the higher education of your children, their marriage, and leisure trips with friends and family. In fact, there may be instances when you are unable to meet some mandatory financial obligations such as urgent medical expenses or debt consolidation.
So, what do you do in such a situation? How do you meet your obligations without liquidating your assets? Well, an efficient way to accomplish one or more of your financial goals is to Apply for a Personal Loan!
A Personal Loan is an unsecured form of credit which can be acquired from banks and online lenders. Offered on the credibility of the borrower, along with their capacity to repay the amount, this type of loan is not accompanied by any clause which mandates you to use it for any specific purpose. Hence, you can use the funds procured from this loan for repayment of debts, celebrating a festival, meeting the expenses of a marriage, taking a vacation, buying electronics, home renovation, meeting unexpected medical expenses or any other purpose you may deem fit.
The amount that can be procured through this loan varies from a minimum of 50,000 to a maximum of 50 Lakhs. In most cases, the tenure of repayment ranges from 1 year to a maximum of 5 years. Typically, this loan doesn’t require any collateral.
Two of the most common reasons for which people avail HDFC Personal Loan or other Personal Loans are- to meet the expenses pertaining medical emergencies, and accomplishing travel goals. The reason for this is rather simple – the numerous benefits attached! Here are a few aspects that make Personal Loans for travelling a preferred choice for many.
When it comes to medical expenses, funds from personal costs can be availed for all emergencies and other medical issues that are generally not covered by medical insurance policies. Some of the benefits related to the same are:
Personal Loans Offer the much-needed flexibility of use as well as convenient repayment terms which make them a highly sought-after credit alternative. Hence, if you are in urgent need of funds to accomplish one or more financial goals, wait no more, before you start your hunt for a trustworthy lender, and apply for a Personal Loan right away!
To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 60+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.