With complete flexibility regarding its usage, a Personal Loan can be used to address any expense. Some of the most common reasons for taking an instant Personal Loan are as follows:
Pay travel fees- If you’re planning a vacation in India or abroad, and you’re looking for ways to pay for it, a Personal Loan for Travel is the right choice for you.
Renovate a house- Whether you want to rebuild your kitchen, build a new balcony, or make any other home modification, you can apply for a Personal Loan to cover the costs of these home renovation.
Fund child’s higher education- Apply for a Personal Loan to cover the cost of your child’s education.
Pay medical bills- Medical emergencies can take a toll on your finances. Even if you have health insurance, it may not cover all medical expenses during emergency. You may need prompt financial assistance to pay off hefty medical bills and, in such instances, Poonawalla Fincorp offers a quick medical emergency loan with flexible loan tenure.
Host a wedding- As a result of rise in inflation, weddings have become more expensive. You can take out a Personal Loan to cover these high-cost wedding expenses.