A personal loan is a loan that can be availed for any purpose. It can either be secured against an asset or can be availed without keeping any collateral, referred to as an unsecured loan. The applicant is offered funds based on his/her credit history and risk profiling. Personal Loans are instantly approved and are usually more expensive than other forms of loans. Purpose Medical Emergencies,Vacation,Wedding,Higher Studies,Home Renovation,Debt Consolidation,Purchase of Costly Consumer Products, etc. Loan Size Rs. 10,000 to Rs. …