Personal Loan

This is an unsecured loan for certain short term tenure. Loan approval will depend on your credit history. You can check your credit score by visiting the website of some financial institutions or Fintech company websites. There are two types of personal repayments. The most popular repayment is in equal monthly instalments (EMI). Some lenders may allow bullet repayment, whereby you will have to pay the interest every month and the principal at the end of the tenure.