With almost everything – from pizzas to medicine and electronic gadgets to furniture – getting home delivered these days, personal loans are not an exception anymore. Smartphones have made everything available online and instant, saving precious time that can be invested in other important things in life.
Personal loans come in handy in case of emergencies in life. They are also preferred to fulfil your dream of travelling to an exotic locale, buying the latest gadget, or merely renovating your home. What’s more, personal loans are collateral-free and unsecured, so you don’t have to liquidate your assets or pledge them as collateral.
Presently, many financial institutions offer instant personal loans with easy eligibility conditions and competitive interest rates. Here are the top five unsecured loan providers for 2022, preferred by new-age customers.Â
Clix Capital
Clix Capital is a leading NBFC providing instant personal loans of Rs. 50,000 to – Rs. 10,00,000 lakhs at competitive interest rates. They do not require any collateral, security, or guarantor to secure personal loans, due to which the loan process becomes much easier and faster. With a 100% online loan procedure, they make personal loans available at the right time without stepping outside.
Competitive interest rates, easy eligibility conditions, and minimal documentation requirements make Clix Capital a preferred lender for personal loans. The lender does not make personal loans a burden on the borrower, as their repayment term ranges from 12 to 48 months, which borrowers may select based on their repayment capacity.
Bajaj Finserv
Bajaj Finserv provides high-value, collateral-free personal loans at competitive interest rates. Borrowers get the freedom to choose a repayment term of up to 60 months, allowing them to adjust EMIs conveniently into their monthly budget. The lender also offers a Flexi Hybrid facility where the borrower can pay the interest-only EMIs for some part of the tenure and make multiple deposits and withdrawals as required. With 5-minute approval and 24-hours disbursal, Bajaj Finserv has become a trusted NBFC for unsecured personal loans.
Tata Capital
Tata Capital provides unsecured personal loans of up to Rs. 35 lakhs with no end-use restrictions. Whether it’s a medical emergency, spontaneous vacation, or an urgent home repair, an instant personal loan from Tata Capital makes the required funds available within minutes. Attractive interest rates, 100% online process, and minimal documentation requirements make Tata Capital a go-to NBFC for those in need of urgent funds. Get a flexible repayment term of up to six years to pay off the loan without any financial burden.
From common banks and monetary institutions you can get quick cash and for getting this kind of loan very minimum documentation is required because simple registration and verification are required in the lending process.
Aditya Birla
At Aditya Birla, one may borrow a personal loan of up to Rs. 50 lakhs with a flexible loan tenure of up to seven years. Salaried individuals with a decent credit score may apply for an unsecured personal loan for a medical emergency, debt consolidation, education, wedding, home improvement, travel, or purchase of electronic or household goods. The interest rate remains fixed throughout the loan term, so there is no need to worry about market fluctuations.
Muthoot Finance
Muthoot, well-known for its gold loans, is also a leading personal loan provider without any collateral or assets. With minimal documentation requirements and processing time, the borrower may get the loan amount disbursed into their bank account almost immediately.
Now that you know the best personal loan providers, it’s time to make a well-informed decision. Applying for personal loan through these platforms is faster, easier, and more instant. Just reach out to any of them and get your personal loan without collateral, security, or guarantor. So, go for it!
