personal loans have witnessed splendid growth starting from uncertain business to a positive space undertaken by renowned banks, and other private financial institutions including Money View, etc.
Money View, one of the leading prominent online financial institutions offers personal loans to serve a diverse range of purposes. Some of them are as follows:–
Wedding loans: — Wedding is an expensive and memorable event for an individual. Rather than withdrawing money from your personal savings account, it is always better to avail of a personal loan from credible and trustworthy sources like Money View. They offer personal loans at an attractive rate of interest (ROI) with flexible repayment tenure. Personal loans are indeed one of the best options to cover wedding expenses. A major highlight regarding this type of loan is that customizing options are available which are tailor-made for an applicant.
Travel loan: —- Travel loans are exclusively meant for those individuals who wish to go for a vacation abroad. You do have the option to raise funds for expensive family trips while paying the bills at a later stage. Another benefit regarding this type of loan is that travel insurance is included thereby ensuring optimal protection.
Property renovation loan: —- Nowadays, availing of a property renovation loan amongst the people is common. Quite a few people are not able to afford a huge amount to purchase real estate and ultimately end up compromising on various aspects to manage expenses. This type of loan features numerous benefits such as covering repairing and maintenance costs, procuring brand new materials, and managing the laborer’s charge. By doing so, a property renovation loan helps in enhancing the value of a property in the real estate world.
Medical loan: —– This type of loan is applicable for the ones who do not possess insurance. They should consider applying for a medical emergency plan. The medical plan proves to be beneficial owing to its lower rate of interest and quick approval process.
Secured loans: — Secured loan is a type of installment loan which is supported by collateral security in the form of a vehicle, savings account, or real estate. If in case the borrower fails to repay the loan amount, the concerned lender does have the right to seize the entire property or similar assets to cover the remaining outstanding dues.
Pension loan: —- Pension loans are designed for retired people. As a result, standard eligibility requirements do not apply here. In this type of loan, financial institutions or banks offer a certain volume of cash in the form of pensions. However, applicants are supposed to submit pension proof. The pensioners are permitted to borrow funds to cover day-to-day expenses or for payment of medical bills.