5 Good Reasons to Avail Personal Loans

5 Good Reasons to Avail Personal Loans

Certain loans can only be used for specific end purposes, e.g., vehicle loans, home loans, mobile loans, etc. However, the same is not true for personal loans. A personal loan can be used for home refurbishments, family vacations, purchase of consumer goods, and a lot more. The no-collateral feature is just the icing on the cake.

Let’s look at 5 good reasons to avail personal loans:

Debt Consolidation: Keeping track of multiple debts and paying them on time could be a tedious task. So, taking a personal loan to consolidate all your existing debts is a good idea, as it saves time and money. Since you are replacing high-interest debts with low-interest loans you can cut down on the interest paid in the long run. At StashFin, you can avail personal loans at reasonable interest rates starting from 11.99%.

Home Renovation: Home loans require collateral. Although a credit card may be a good option for completing home repairs, it could exceed your credit limit. Hence, a personal loan can be a good fit at times like this. StashFin offers personal loans ranging from Rs. 1,000 to Rs. 5,00,000.

Medical Emergency: Although you have the best health insurance coverage, you still may need excess funds during unforeseen medical emergencies. A personal loan can help meet these expenses in a short time. StashFin provides personal loans with minimum documentation and funds can be used within 4 hours from the time of application.

Improve Credit Score: A good credit score helps you get lower interest rates and better terms for your loan. StashFin offers personal loans with flexible repayment tenures ranging from 3 to 36 months. A personal loan repaid on time helps you build and improve your credit score. This is a great way to improve your credit score.

Personal Loans for Self-Employed

Vacation Costs: it’s finally the right time to take that holiday you’ve always been thinking of, but holidays aren’t cheap. Also, it’s not advisable to spend all your hard-earned savings on travel costs. Instead, opt for a personal loan. StashFin offers personal loans wherein interest rates are charged only on the amount used and not on the entire credit line.

Apply for a StashFin personal loan and borrow money the smart way.

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