How personal loan works?

Personal loan works similar as any other loan where you apply for loan and submit documents to the lender. They check the creditworthiness and makes loan offer. If you accept it, the funds will be transferred to your bank account, and you can use them any way you like.

You need to pay back the full amount within 12 to 84 months. Once you’ve paid your loan in full, your account is closed. If you need more money, you have to apply for a new loan.