| Loan which is used for personal needs is called Personal Loan. It helps to meet the needs like Investment, Holidays, Wedding Expenses, Medical Expenses, Business, Consumer Durables, etc. Personal Loans require some documents, such as a proof of residence, qualifying income level and job or business stability. Personal loans start from as little as 25,000 and go as high as 20 lakhs. Interest rates on personal loans vary wildly between banks and also depend on the income and job stability of the customer. For a personal loan it is always advisable to talk with multiple banks. The easiest way to do this is to apply using an online service which will get you quotes from different banks.
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