what is Personal Loan ? Types of Personal Loans .

Personal Loan: Personal loans are one of the best to fulfill present needs and Personal amount Paying the Easy Monthly Installments(EMI) in stipulated period of time.

Types of Personal Loans:: There are two types of personal loans 1. secured 2. line of credit.

Secured loans are based on the cash flow into your bank account  like salary statement or profit from the business which is run by yourself. it would generally a vehicle loans or gold armaments etc.

Unsecured Personal Loan
An unsecured personal loan is one of the best of personal loan. These unsecured personal Loans are widely available from Various banks and credit card companies, and also smaller financial institutions.

Unsecured personal loans  are  used for almost any  useful purpose, and are generally  used for the given below types..

1. Vehicle
2. Holiday
3. Wedding
4. Furniture & Appliances

 unsecured loans means  it is not secured by any property . This means that the Various banks and credit card companies, will not tale any kind of Property.


Line of credit: compare to Secured loans  line of credit is not secured one because it is based on credit limit of your credit card ,you can always buy anything by the  credit card with credit limit and pay loan amount
after some specified time by the credit card company or bank.



List of the banks offering the Personal loans.: