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Thread: Tenure of a personal loan?

  1. #1
    PolicyWala Newbie
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    Default Tenure of a personal loan?

    Hi, I am looking for a personal loan. Could you please tell me - What is the maximum tenure of a personal loan?




  2. #2
    Moderator CONFUSED's Avatar
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    Quote Originally Posted by Dilip View Post
    Hi, I am looking for a personal loan. Could you please tell me - What is the maximum tenure of a personal loan?
    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.
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    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  3. #3
    PolicyWala Fan Natraj's Avatar
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    Default

    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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