S & R Associates, Ongole

Types Of Personal Loans

Designed to fund the expenses including venue bookings, catering, attire,honeymoon etc.

Offers higher loan amounts to accommodate the comprehensive financial needs of wedding ceremonies.

Covers medical treatments, surgeries, hospitalization and related medical bills.

Lenders may tie-up with healthcare providers for direct settlement of bills, with quick approvals.

Travel loan is especially designed to fund family trips and vacations in India or abroad.

Lenders often combine travel insurance with the loan amount, providing added benefits to the borrowers.

Doesn’t require collateral to get approved. Loan Approval is based on credit score and income.

Needs good credit score for the best rates. Lenders also consider employment and education history.

Requires collateral for approval like a certificate of deposit (CD) or a savings account or shares etc.

Lender may offer lower interest rates. In case of a default, Lender can legally seize the security.

Combines multiple loans, allowing borrowers to pay off outstanding balances faster and save on interest.

Allows lower interest rate than currently paying on the debts like credit card, medical and other bills.

If borrower is unable to qualify on own, a lender might approve loan with a creditworthy co-signer.

Co-signer must be willing to assume equal responsibility for the loan without being able to access the funds.

Fixed Rate loans come with an interest rate that doesn’t change over the repayment term.

As the payments don’t change over time, it is easy to budget a fixed-rate personal loan.

Interest rate can fluctuate based on market conditions & average interest rate may be less than a fixed-rate loan.

A shorter-term loan may be a better option to pay it off faster and avoid the risk of the rate rising too much.

Gives access to pool of funds to borrow from when needed. Only interest on the amount borrowed will be paid.

A shorter-term loan may be a better option to pay it off faster and avoid the risk of the rate rising too much.

The interest rate can fluctuate based on market conditions. However, average interest rate may be less than a fixed-rate loan.

A shorter-term loan may be a better option to pay it off faster and avoid the risk of the rate rising too much.

Can be used for various types of repairs and renovations such as painting, tiling, flooring, waterproofing, plumbing, sanitary work, etc.

May be eligible for tax benefits. Interest paid may be eligible for deductions, making it more cost-effective.