A personal Loan is a form on unsecured credit that you can avail yourself to meet your emergency and aspirational financial needs. It gives you access to funds immediately and the flexibility to use the money for any legitimate purposes you want. It could be for paying medical bills, going on a dream vacation, debt consolidation, etc. And, you can have the surplus cash (if any) in hand. In this blog, we will take an in-depth look at Personal Loan and how they can be your financial ally in getting the cash you need.
Getting cash from a Personal Loan is more than just a possibility; it's a feasible and simple process. When you apply for a Personal Loan with Poonawalla Fincorp, you can get a higher amount as credit than you need, provided you meet our eligibility requirements.
Once the loan is approved, the funds are directly credited to your bank account. Let us assume, you borrowed ? 5 Lakh, and used only ?4 Lakh for home renovation. Now, you can withdraw the remaining amount and have cash in hand.
The only drawback of getting a Personal Loan is that the interest payment may quicky add up if you don’t repay the EMIs on time. Also, you may have to pay the penalty charges if you delay the EMI payments.
ALSO READ :- Can We Change the Tenure of a Personal Loan?
The answer to the question, "Can you get cash from a Personal Loan?" is a resounding yes. Personal Loans offer a versatile way to obtain cash, and with careful consideration, they can address a wide range of financial needs. But, like any financial decision, it's essential to weigh the pros and cons, consider the interest costs, and align your repayment period with your financial goals.
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply
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