A personal loan can come in handy, but make sure you know the rates | Personal Finance

There are times when you may suddenly face a funds crunch, either for a family function or a medical emergency, or even just for personal reasons. In such cases, personal loans are a convenient way to raise funds at short notice, provided you have a good credit history and some collateral to offer, since conditions for availing a personal loan are usually stricter than other borrowings. Interest rates also tend to be a bit on the higher side, given the higher risk lenders have to account for. Paisabazaar offers the rates and tenors available from various lenders for personal loans.