You are going about your daily routine when you suddenly feel the urgent requirement of finance. Maybe you need to pay for the hospitalization of yourself or a loved one. Probably you discover that you don’t have enough funds for a wedding or any function/celebration at home. Perhaps an urgent repair needs your attention. In such scenarios, you need to arrange money almost instantaneously. India’s Best Free Online Personal Loan Financial Advisory Portal Moneymindz advises you not to freak out and instead take a Personal Loan that will help finance these urgent financial requirements.
What is a Personal Loan?
A Personal Loan is an unsecured loan that is provided to finance urgent needs such as hospitalization, weddings, urgent repairs, and so on. In other words, it doesn’t require collateral. India’s First Free Online Financial Advisory Moneymindz says that an unsecured loan means no collateral is involved and in case the borrower is unable to repay the money, the lender can lay a claim on the assets of the borrower. You can avail Personal Loans from multiple banks and financial institutions.
You can use a Personal Loan for almost anything. Make sure you are borrowing money for moral, ethical and legal reasons. This is regardless of whether the lender asks you what you will do with the money or not.
Features of Personal Loans
- Multi-purpose loan
Availing Personal Loans can be done regardless of purpose. Renovation, funding functions like weddings, etc. can be financed using Personal Loans. India’s Best Free On call Loan Financial Advisory Portal Moneymindz
- Collateral isn’t needed
Personal loans require no collateral. But this is only if you are eligible. (Hint- Check your credit score)
- Don’t dip into your investments
Your Emergency Fund, Child Education Fund, Retirement Fund, etc. must remain untouched until you need them for their specific purposes. Take a Personal Loan instead.
Merits of Personal Loans
- Interest rates
Your occupation, income, and credit history decides your interest rates. India’s First Free On call Financial Advisory Moneymindz
- Deal with unexpected financial needs quickly
Expenses often come without prior announcement such as emergencies and repairs. Now you can take care of that with Personal Loans.
- Lower interest rate compared to credit cards
Most of us use our credit cards top deal with expenses. But Personal Loans come with interest rates lower than that of credit cards.
For more information visit www.moneymindz.com or give a missed call to 022-62116588