The COVID-19 lockdown may have affected your income. If you want to cover your financial needs during this situation, then you can do that.
If you want to know the basics of it, then this post will help you. Read on!
What is an unsecured personal loan?
The unsecured personal loan is a financial facility that lets you borrow a large loan amount without submitting any collateral. If you have a credit score of 750+, robust employment and income history, then you can get the loan approval.
What are the benefits of the unsecured personal loan?
- A massive loan amount
Based on your eligibility, you can get an amount as high as up to Rs.25 lakh by known lenders. You can use the money to cater to all needs that you may have.
- Instant loan approval
You can get the loan approval easily if you are the right candidate. Top lenders let you get the loan approval within minutes.
- Flexible repayment tenure
You don’t need to strain your income when you are repaying the unsecured personal loan. It is because you can get personal loan repayment tenure of up to 60 months. This way, you can easily stretch the loan money and pay smaller EMIs to manage your outlays better.
- Money in your account within 24 hours
Once you have got the approval, you can get the sanctioned loan amount within 24 hours in your bank account.
With so much going for the unsecured personal loan, you can count on it to cover your many immediate and other needs without restrictions.