Personal loan rates compared: SBI vs HDFC Bank vs PNB
There are various versions of personal loans available now, some of which are called instant loans
Personal loans come with high interest rates, so continuous default will put you on a downward spiral
Personal loans are a way to use tomorrow's income today, and unlike other loan products that are used for buying a house or paying for an education, the process involved is simple. In fact, if you already have an account with a bank, you would have come across many offers for a personal loan. While these are easy to get, and offer almost instant gratification, you must note that the interest rates are much higher than, say, for a car loan.