Different Types of Personal Loans in India

Loans are of two types. A secured loan requires you to keep collateral whereas an unsecured loan does not require you to keep any collateral. A personal loan is an unsecured loan, which you can avail to meet your financial needs. Personal loans in India are the most flexible type of loans, which can help you come out of a financial crunch. An online personal loan is the most convenient way to get access to the much-needed funds in times of emergency. A personal loan does not have a restriction on its usage. You can avail it for any purpose. Here we share the most popular types of personal loans in India.

1. Car Loan

Purchasing a car is a big expense. You need to spend a good amount of money. You might think of using your savings but there are car loans available, which can help you with the purchase. Whether you are buying your first car or getting a used one, there are loans available for both. Indiabulls Dhani offer you used car loan well as a new car loan.

Apply For Car Loan Online

2. Two Wheeler Loan

As the name suggests, a two wheeler loan is a type of personal loan which you can avail to buy a two wheeler. It can be a scooter or a bike. A two wheeler gives you the ultimate freedom to commute as per your choice. You can avail a two wheeler loan and get yourself a swanky bike.

Apply For Two Wheeler Loan Online

3. Wedding Loan

Indian weddings are extravagant and over the top. To sum it up, they are a costly affair. There are too many things to prepare for and all of it requires spending a good chunk of your finances. When you take a wedding loan, you can ease out the finances. You can enjoy the memorable event and forget about the financial stress.

Apply For Marriage Loan Online

4. Travel Loan

As the term suggests, a travel loan is a personal loan for travel. You can avail a travel loan for your holidays and vacation with your friends and family. With a travel loan, you do not have to wait for a year to save money and take that annual trip. You can do it right away. All you need is to do is fix a budget for your trip and avail a loan for that amount. The loan can cover all your expenses from the accommodation, food, tickets, transportation, etc.

Apply For Travel Loan Online

5. Medical Loan

Health insurance is one thing, which every family makes sure to have. However, in cases of emergency when you need instant money for treatments you can take a medical loan. You can take a personal loan for cases where your cashless Mediclaim is not accepted in hospitals and you need urgent access to funds.

Apply For Medical Loan Online

With Indiabulls Dhani, you can avail a personal loan in minutes. To be eligible to avail the personal loan you need to be a salaried professional, an Indian resident aged 21 years and above. You can apply for the personal loan by using the Indiabulls Dhani app or online through the Indiabulls website. You only need your PAN card, address proof, and identity details. The loan is processed in minutes and you get the money in your account instantly. A personal loan can be used for any type of financial issue. Hence next time you face a financial crunch ask yourself if a personal loan can help you get out from it.

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