Hi, Personal loan is the loan which is borrowed from any financial companies or bank with highest rate of interest. An urgent need of cash is the big problem for all middle class families and the requirement can be full fill by taking personal loans.
In India, there are many financial companies and bank like ICICI bank and HDFC bank that provides personal loans but with higher rate of interest. In India Govt. employees have more option for taking these types of loans with low rate of interest but for private employees, there are no other option.
Some banks also provide these types of loans through credit cards and also called credit card loans which is quite same as personal loans.
In Europe, this type of loan are also called payday loans or cash loans.
In India, there are many financial companies and bank like ICICI bank and HDFC bank that provides personal loans but with higher rate of interest. In India Govt. employees have more option for taking these types of loans with low rate of interest but for private employees, there are no other option.
Some banks also provide these types of loans through credit cards and also called credit card loans which is quite same as personal loans.
In Europe, this type of loan are also called payday loans or cash loans.
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