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Personal loans are an unsecured type of loan; it is multi-purpose in nature and therefore, can be used for various purposes. Moreover, there is no restriction on the amount borrowed and can be used for kinds of financial goals. As personal loans come with high-interest rates, this is because this loan is not a secured loan, and any asset does not back it. But since the lockdown situation, the new normal has led to banks and lending institutions offering personal loans at low-interest rates. The RBI’s lending rate cuts gave a flip to the economy. As a result, now banks and NBFCs are offering loans at a low range of 8.35 to 8.90 per cent based on your credit profile. Here’s a list of top 10 banks ranked according to their interest rate offers onpersonal loans: Banks Interest rates Punjab National Bank 8.80%11.65% Bank of Baroda 10.10%15.10% Union Bank of India 9.30%-13.40% Canara Bank 8.50%-13.90% State bank of India 9.60%-15,655 Indian Overseas Bank 9.60%-12.05% Indian Bank 9.20%-13.65

A Business Loan is a financial solution to fulfill the business requirements. The requirements can include buying machinery or raw materials, upgrading the infrastructure, repairing the older machines, hiring new staff and expanding the operations of the business in general. Depending on the type of business, various kinds of business loans are offered by financial institutions today. The loan can be for start-ups, MSMEs, it can be for working capital requirements. Some business loans are specifically designed for women as well. Business Loans provide great relief from the financial burdens that the businesses might be facing. And today, banks/NBFCs provide Business Loans of high amounts at very attractive interest rates along with special deals and offers. You need to assess the financial situation and avail the loan accordingly. There are certain things that you might need to provide to the bank while applying for a Business Loan. Let us know what are these: Collateral as Security T