Personal Loans are simply loans that are approved for an individual rather than a business, and can be used for any purpose (holiday, home improvement, debt consolidation etc.

Personal loans are available in various flavours, the most common being secured loans and unsecured loans.

Personal Loans can be used for:
- Home renovation or other home related expenses
- Marriage expenses in the family
- Travel expenses
- Education expenses
- Transferring an existing loan from another bank
- Business expansion purposes
- Purchasing consumer durables or equipment
- Retiring other debts
- Any other personal needs and contingencies