In these times of pandemic-fuelled uncertainties and diminishing earnings, many would be relying on borrowed funds to meet their critical financial requirements. And as far as unsecured financing facilities are concerned, many would be looking to get a personal loan.
A major advantage with a personal loan is that eligible applicants can avail it in a contactless manner from the comforts of their home that would eliminate the risk of getting infected by the deadly Covid-19 virus. And going for a pre-approved loan facility is likely to involve zero to minimal document requirements and, therefore, ensure quick loan disbursal.
However, it is critical to note here that the lowest personal loan interest rates are reserved for those eligible applicants with a credit