{"id":15600,"date":"2021-06-01T12:39:01","date_gmt":"2021-06-01T12:39:01","guid":{"rendered":"https:\/\/tata-blog.osian.dev\/blog\/?p=15600"},"modified":"2024-12-20T21:26:11","modified_gmt":"2024-12-20T15:56:11","slug":"here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/personal-use-loan\/here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about\/","title":{"rendered":"Here is a List of Few Types of Personal Loans in India You Would Be Unaware About"},"content":{"rendered":"\n<p>The popularity of personal loans in India continues to soar; why one wonders! But this type of finance comes with a host of benefits, making it a primary choice for individuals in need of quick funds.<\/p>\n\n\n\n<p>One of the biggest advantages of personal finance is that it is collateral-free, meaning you don&#8217;t take this loan against any property or asset. Secondly, you don&#8217;t need to pre-define a purpose. You can use this loan to fulfill any end goal. And, that is why lenders offer <a href=\"https:\/\/tata-blog.osian.dev\/blog\/personal-loan\/here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about\/\" target=\"_blank\" rel=\"noreferrer noopener\">different types of personal loans<\/a>. Here they are.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Medical loan<\/strong><\/h2>\n\n\n\n<p>A medical emergency can arise at any time, especially now when there is an ongoing pandemic. In such a case, a medical loan can help you get the best possible healthcare. This type of personal finance can take care of all your pre-hospital, admittance and post-hospital bills. You can even use the loan funds to pay for the health care of your family members.<\/p>\n\n\n\n<p style=\"color:red\"><strong>Additional Read: <\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/personal-loan\/get-an-instant-personal-loan-for-medical-emergencies-in-india\/\">Get an Instant Personal Loan for Medical Emergencies in India<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Higher education loan<\/strong><\/h2>\n\n\n\n<p>Sure, you want to get or provide the best higher education, and sometimes that means spending a lot of money on tuition fee and accommodation fares. Instead of letting go of an excellent opportunity to study at an institution of your choice, opt for personal finance for higher education. Funds from such a loan can cover your complete course&#8217;s tuition fee, plane tickets, living expenses, and much more.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Home renovation or improvement loan<\/strong><\/h2>\n\n\n\n<p>If you want to give your home a new look &#8211; perhaps add another room or change the furniture and furnishings, go for a home renovation or improvement loan. This <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan.html\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan<\/a> type in India covers all expenses related to redecoration, refurbishing, and uptake and maintenance jobs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Travel loan<\/strong><\/h2>\n\n\n\n<p>Even though travel is on a temporary pause, given the COVID-19 crisis, things will return to normal soon. When they do, tourism will be one of the top priorities for many travel buffs. This is where a travel loan can finance your dream trip.<\/p>\n\n\n\n<p>Explore the traveller in you without denting your savings; avail of personal finance for travel and repay the EMIs at a comfortable pace.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Wedding loan<\/strong><\/h2>\n\n\n\n<p>It\u2019s no secret that weddings in India are grandly celebrated. Needless to say, all of this grandeur comes at a high price, for which a <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan\/marriage-loan.html\">wedding loan<\/a> comes in handy. This type of loan can cover all possible wedding expenses, including booking a venue, hiring caterers, reserving accommodation, etc.<\/p>\n\n\n\n<p style=\"color:red\"><strong>Additional Read: <\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/personal-loan\/how-to-choose-the-best-personal-loan-for-needs\/\">How to Choose the Best Personal Loan for Needs?<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The bottom line<\/strong><\/h3>\n\n\n\n<p>Do you soon anticipate any of the above expenses coming your way? If yes, apply for personal finance with Tata Capital. Avail of loan amounts up to Rs. 25 lakhs at competitive <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan\/interest-rates-and-charges.html\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan interest rates<\/a><strong>.<\/strong><\/p>\n\n\n\n<p>Enjoy flexible repayment terms and relaxed <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan\/eligibility-calculator.html\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan eligibility criteria<\/a>. Moreover, apply for personal finance online and get access to funds quickly. Our personal finance offerings are available with minimal paperwork and no collateral requirements.<\/p>\n\n\n\n<p>Before applying, visit our website and check your potential EMI amount and interest payable using our <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan\/emi-calculator.html\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan EMI calculator<\/a>.<\/p>\n\n\n\n<p>To know more, reach out to us today!<\/p>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/tata-blog.osian.dev\/online\/loans\/personal-loans\/apply-now-personal-loan#!\">Apply Now<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The popularity of personal loans in India continues to soar; why one wonders! But this type of finance comes with a host of benefits. <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/personal-loan\/here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":20132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-15600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-use-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Different Types of Personal Loans in India - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Here&#039;s a list of some common personal loan types available in India. Let us understand the different types of personal loans in India with their important factors.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Different Types of Personal Loans in India - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s a list of some common personal loan types available in India. Let us understand the different types of personal loans in India with their important factors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-01T12:39:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-20T15:56:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2021\/06\/12-few-types-of-personal-loans-min.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/here-is-a-list-of-few-types-of-personal-loans-in-india-you-would-be-unaware-about\/\",\"name\":\"Different Types of Personal Loans in India - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2021-06-01T12:39:01+00:00\",\"dateModified\":\"2024-12-20T15:56:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Here's a list of some common personal loan types available in India. 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