Unsecured Loans: Personal loans in Tirunelveli are typically unsecured, meaning you don’t need to provide any collateral or security to get the loan.
Flexible Loan Amount: You can borrow the amount only you need. You need not utilize the full loan amount sanctioned. It can be few thousands to several lakhs
Flexible Repayment Tenure: Lenders normally give a tenure somewhere between 1-5 years. If you have a good credit score, they might extend the credit score
Quick Disbursal: Once your loan is approved, your funds will be immediately disbursed. The online process of personal loan in quick compared to other means of applying
Competitive Interest Rates: Personal loan to commoners are disbursed at Competitive interest rates to borrowers with good credit scores and repaying ability
Minimal Documentation: The documentation process for personal loans is relatively simple, involving standard identity, address, income, and employment proofs.
Interest rates: Personal Loan comes in fixed or floating interest rates. Fixed interest rate remains the same throughout the loan tenure whereas floating interest rates vary depending on the market conditions