Why do I need a personal loan?
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Personal loans serve multiple purposes in India: medical emergencies requiring immediate funds, wedding expenses (average Indian weddings cost ₹10-20 lakhs), home renovation (₹2-10 lakhs typically), education fees, debt consolidation to manage multiple high-interest debts, travel expenses, or business needs. They provide quick access to funds without liquidating investments or depleting savings, with fixed EMI payments that help in financial planning.
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People take personal loans for various urgent or planned expenses like weddings, medical bills, home repairs, education, or to consolidate multiple debts into one manageable payment. It helps you manage large expenses without draining your savings.
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