GOLDEN RULES TO FOLLOW WHEN TAKING A LOAN
Personal loans are those which are taken to serve some immediate purpose. There are lot of banks in India which give personal loans. You will need to compare various factors like EMI, interest, loan amount etc to choose the best place to get your personal loan. It requires no collateral, but you will require submitting a number of documents. Large amounts can be taken as personal loans. In general, it has to be paid back within five years.