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Archive for January, 2009

Personal Loans India : Repayment Pattern of Personal Loan

January 30th, 2009 admin No comments

Personal loans are those loans which a borrower applies for personal purpose. The loan may be for home improvement , car purchase , educational purpose, holiday trips etc.
Interest rate in personal loans is comparatively higher compared to secured loans. The interest rate is higher if one is not providing any property as security for [...]

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Personal Loans India : Types of Personal Loan

January 11th, 2009 admin No comments

Basically, there are three types of personal loans, namely, installment loans, balloon loans and single payment loans. They are as follows:
- Installment Loan: These are loans in which you need to return the amount of money borrowed, along with the interest, in monthly installments over a pre- assigned time-period. This is the most popular [...]

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