I am planning to take a personal loan. Is there any minimum amount that I have to borrow?
Answer
Answer
Yes, there is a minimum personal loan amount that banks/non-banking financial companies (NBFCs) lend to a borrower and that is Rs. 30,000.
Please do note, however, that the minimum personal loan amount varies from one lender to another. Hence, ensure you ask this question to lenders when you research and weigh one loan against another.