A personal loan is an unsecured loan that can be used for medical emergencies, wedding expenses, travel, education or other personal financial needs.

Most lenders prefer a CIBIL score above 700, although approval may still be possible with lower scores depending on income and repayment history.

Approval time depends on eligibility and documentation, but some lenders process applications within a few hours.

Yes, salaried employees are commonly eligible for personal loans if they meet lender criteria related to salary and employment stability.

Common documents include PAN card, Aadhaar card, salary slips, bank statements and address proof.

Most personal loans are unsecured and usually do not require collateral or security.

Yes, self-employed applicants may qualify if they have stable income proof and satisfactory credit history.

No, checking your own credit score does not negatively impact your CIBIL score.

Many lenders allow partial or full prepayment, although some may charge foreclosure fees.

EMI depends on loan amount, interest rate and repayment tenure selected by the borrower.