6 Different Types of Personal Loans in India Explained

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A personal loan may be taken up to finance any requirement an individual may have, from emergencies to aspirational needs. Here are the 6 different types of personal loans in India.

Wedding Loan

Take a personal loan to manage the venue booking, guest accommodation, bride and groom outfits, jewelry purchases, food caterers, and professional photographers.

Home Renovation Loan

A personal loan could be used to finance home renovation expenses, including repainting the exteriors, redesign, repairs, layout changes, etc.

Travel Loan

To take a break with your family from your hectic schedule, consider a personal loan for travel to finance travel to exotic destinations without financial worries.

Medical Loan

To protect your savings when a medical emergency might arise, always consider taking up a personal loan to pay the bills.

Debt Consolidation Loan

Consolidate outstanding balances from existing loans and pay them all off together through a personal loan for debt consolidation.

Further Education Loan

Let nothing stop you from dreaming about educational milestones. Take up a personal loan to pursue advanced degrees from any global institution.

Get a Personal Loan to Fulfill Your Needs Today!

SMFG India Credit can smoothen your process of achieving your dreams with affordable interest rates, easy documentation, and simple application. Apply for an online personal loan today!
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* Please note that this webstory is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us