Personal loan is given only for short tenure. Banks or Financial institution would give you personal loan for minimum three years to maximum five years. There is no standard in it, so pls check with the bank you are looking to take loan.Originally Posted by Dilip
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I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
Because no security is attached to personal loan, so tenure is very less.
In order to get a Loan, you first need to prove that you don't need it.
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