If you’re contemplating applying for a personal loan but are not able to make up your mind, it may be due to the above myths. You may have heard about them and believed them to be true. In this video, we have debunked the five biggest myths surrounding personal loans. Watch this now and you can decide for yourself.
Here are the myths we have covered:
- Low credit score can’t get you a personal loan.
- Personal loans are very expensive.
- It is difficult to apply for a personal loan.
- You can’t use a personal loan for emergencies.
- You need a collateral to apply for a personal loan