An individual cannot take more than one personal loan at the same time from the same lender. You can apply for another loan from a different lender, but applying for multiple unsecured loans from different lenders is not advisable.

You can opt for a personal loan EMI, where a certain amount is automatically debited every month from your bank account. There are other repayment options available, such as foreclosing.

Yes. A personal loan can be availed of to cover the expenses required for travel or vacation. A personal loan can be used for various purposes, which also include travel or trip expenses.

You can get a maximum loan amount up to ₹15,00,000.

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