Personal Loans are usually of two types i.e. secured personal loan which is secured against the mortgage of securities, high surrender value insurance policies, gold, etc and another is unsecured personal loan which does not require you to mortgage anything.
2 types of Personal loam in India, these online loans for bad credit can be availed instant. Secured Loans: These loans are basically provided by banks and NBFCs by taking security as collateral from the customer, Unsecured Loans: These loans are provided for Salaried person/employees of both Public and Private sector. That again depends on the number of years of experience of the employee and the working Company’s establishment credentials. and the loan amount depends on the Salary. Bajaj Finserv offers an unsecured personal loan at a low-interest rate.