{"id":1599,"date":"2021-02-28T18:11:33","date_gmt":"2021-02-28T18:11:33","guid":{"rendered":"http:\/\/www.goodwillexchange.ae\/blog\/?p=1599"},"modified":"2021-02-28T20:41:01","modified_gmt":"2021-02-28T20:41:01","slug":"personal-loans","status":"publish","type":"post","link":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/","title":{"rendered":"Personal Loans?Everything You Need to Know About Personal Loan"},"content":{"rendered":"\n<p>Personal Loans : Personal loans are one of the most preferred loans. Why not? As they are easy to avail and can be made use of for a variety of needs.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>What makes personal loans so popular? What should you know about personal loans before applying for one? You will get your answers to questions like these and more through this article. Read on to learn more!<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">What is a Personal Loan?<\/h4>\n\n\n\n<p>A personal loan is a short term unsecured loan that can be availed without the need for collateral. The eligibility and the lending criteria are relaxed in comparison to other loans like home loans or auto loans. The easy availability of online personal loans has further made it easier for even those with low credit scores and lower incomes to easily avail a loan on the loan apps or websites of these lenders.&nbsp;<\/p>\n\n\n\n<p>However, as there is no collateral associated with the loan, a lender cannot put up the asset mortgaged for auction in case of a default on the loan. So, the interest rate on a personal loan is higher than those of secured <a href=\"https:\/\/www.goodwillexchange.ae\/blog\/category\/loans\/\" data-type=\"URL\" data-id=\"https:\/\/www.goodwillexchange.ae\/blog\/category\/loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">loans<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Where Can You Get a Personal Loan from?<\/h4>\n\n\n\n<p>You can avail a personal loan from the bank where you have your account, from any Non-Banking Finance Company, a Cooperative bank, or Online personal loan lenders.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Eligibility Criteria for a Personal Loan<\/h4>\n\n\n\n<p>The eligibility criteria for a personal loan may vary between the lenders according to their lending policies. Generally, banks require a higher credit score and have stringent conditions for lending personal loans. On the other hand, online lenders allow even people with lower credit scores and lower minimum income to apply for a personal loan.&nbsp;<\/p>\n\n\n\n<p>Some of the other factors that lenders look into are your other fixed commitments, age, employment history, etc.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">What Can You Use a Personal Loan for?<\/h4>\n\n\n\n<p>The greatest advantage of a personal loan is that it can be used for any purpose that you wish for. Moreover, there is no requirement for the submission of any proof of spending. This makes it easy to use a personal loan for multiple purposes as per your current financial situation. This makes availing of personal loans very efficient and convenient.&nbsp;<\/p>\n\n\n\n<p>Some of the popular purposes for which a personal loan is availed are<\/p>\n\n\n\n<ul><li>Meeting medical expenses&nbsp;<\/li><li>Home renovation<\/li><li>Meeting education expenses<\/li><li>As a starter fund for new business<\/li><li>For making a down-payment on another loan<\/li><li>As a debt consolidation loan<\/li><li>Meeting travel expenses<\/li><li>As a two-wheeler\/ four-wheeler loan<\/li><li>Meeting expenses on social events like marriages or other functions<\/li><li>Improving your credit score<\/li><\/ul>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Minimum and Maximum Loan Amounts for a Personal Loan<\/h4>\n\n\n\n<p>The minimum and maximum amount lent on a personal loan vary between lenders. While some banks can lend up to Rs 25 \u2013 40 lakhs, online lenders restrict it to smaller amounts of up to Rs 3 -5lakhs. The loan amount is also decided based on the lender profile like take-home income, credit score, other fixed commitments, age, employment, etc.<\/p>\n\n\n\n<p>The minimum amount that you can avail as a loan also depends on the lending policies of the lender. The minimum amount to be borrowed can lie in a range of Rs 3000 \u2013 Rs 10000 for online lenders and banks may look at a higher minimum loan amount.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Documents Required for a Personal Loan<\/h4>\n\n\n\n<p>Unlike many other secured loans like home loans which require a ton of documentation, a personal loan requires minimal documents. The documents you require for a personal loan are<\/p>\n\n\n\n<ul><li>Proof of Identity<\/li><li>Proof of address<\/li><li>Proof of Income<\/li><\/ul>\n\n\n\n<p>Many of the Government approved documents like Voter\u2019s ID, Aadhaar Card, Driving License, Passport, etc can work well for identity and address proof. Your salary slip, bank statements, or Income Tax Return can serve as proof of income.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Application Process and the Time Taken for Disbursement<\/h4>\n\n\n\n<p>Time is of the essence in many situations for which you may require a personal loan. It may be a medical emergency, a month-end cash crunch, or a business requirement.&nbsp;<\/p>\n\n\n\n<p>Traditional lenders like banks take a longer time for processing and disbursing the loan. Many of them allow online applications only for their customers. But, online&nbsp;<a href=\"https:\/\/moneyview.in\/personal-loan\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan lenders like Money View<\/a>&nbsp;follow a completely digital process for giving out personal loans. The entire process right from eligibility check to submission of the application and documentation happens on your mobile\/ computer through their app\/website. Moreover, loan disbursals can happen in 2hrs, if the customer submits all required documents on time.&nbsp;<\/p>\n\n\n\n<p>So, it is very important to consider the ease of application and the time taken for disbursal while applying for a personal loan.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Credit Score Requirement for a Personal Loan<\/h4>\n\n\n\n<p>You must be aware that you cannot avail of any loan from organized lenders like banks, NBFCs without a good credit score. Your credit score is nothing but a 3 digit figure in the range of 300-900 which is calculated based on your past and present behavior towards handling credit (loans or credit cards).&nbsp;<\/p>\n\n\n\n<p>Banks and NBFCs look for a minimum score of 750 to lend personal loans as they are unsecured loans. But, online personal loan lenders allow loans on lesser credit scores. For Ex: Money View allows personal loans on a minimum credit score of 675 as they use their in-house credit assessment model to determine the creditworthiness of their borrowers.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Interest Rates on Personal Loans<\/h4>\n\n\n\n<p>As we spoke earlier, personal loans are unsecured loans (without collateral). So, the interest rate charged on a personal loan is anytime higher than other secured loans. In this case, banks\/NBFCs have an upper hand as their interest rates on a personal loan are the least in the market.&nbsp; Currently, the rates start from 12% onwards.<\/p>\n\n\n\n<p>But the important point to remember here is that, though the banks or online lenders quote an interest rate, the final offer you get depends on your credit score, other existing loans, employment, age, income, etc.<\/p>\n\n\n\n<p>You should also factor in the processing charges charged on the loan. It could be anywhere between 1-5% of the loan depending on various factors.&nbsp;<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"1456790708\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h4 class=\"wp-block-heading\">Joint Application for Personal Loans<\/h4>\n\n\n\n<p>Banks and NBFCs allow joint applications for personal loans. You could apply with your spouse or other family members like parents. When you apply jointly, your eligibility criteria increase as the income and credit scores of both the applicants are taken into account. But this facility may not be available with all lenders.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Prepayment of Personal Loans<\/h4>\n\n\n\n<p>Personal loans are based on fixed interest rates. So, they are not allowed to be closed at any time as you wish. All&nbsp;personal loan&nbsp;lenders mandate you to pay loan EMIs for a certain fixed tenure before they allow prepayment of the outstanding loan. Part prepayment is generally not allowed. Also, an additional charge called the prepayment penalty may be levied when you do prepayment.&nbsp;<\/p>\n\n\n\n<p>These are some of the important factors you should consider before applying for a personal loan. Once you avail of a personal loan, ensure you pay off your EMIs promptly each month.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<!-- Links Ads- Horizontal -->\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9920129301\" data-ad-format=\"link\" data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-0548205572604330\" data-ad-slot=\"9687113448\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Personal Loans : Personal loans are one of the most preferred loans. Why not? As they are easy to avail and can be made use of for a variety of needs. What makes personal loans so popular? What should you know about personal loans before applying for one? You will get your answers to questions like these and more through this article. Read on to learn more! What is a Personal Loan? A personal loan is a short term unsecured loan that can be availed without the need for collateral. The eligibility and the lending criteria are relaxed in comparison [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,382],"tags":[549,550,551],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Personal Loans?Everything You Need to Know About Personal Loan - Goodwill Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Personal Loans?Everything You Need to Know About Personal Loan - Goodwill Exchange\" \/>\n<meta property=\"og:description\" content=\"Personal Loans : Personal loans are one of the most preferred loans. Why not? As they are easy to avail and can be made use of for a variety of needs. What makes personal loans so popular? What should you know about personal loans before applying for one? You will get your answers to questions like these and more through this article. Read on to learn more! What is a Personal Loan? A personal loan is a short term unsecured loan that can be availed without the need for collateral. The eligibility and the lending criteria are relaxed in comparison [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Goodwill Exchange\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/GoodwillExchangeDubai\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-28T18:11:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-28T20:41:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"422\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Goodwill Exchange\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Goodwill Exchange\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\"},\"author\":{\"name\":\"Goodwill Exchange\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/person\/b050b95bdd3fb8ab99a63af3ab5d40be\"},\"headline\":\"Personal Loans?Everything You Need to Know About Personal Loan\",\"datePublished\":\"2021-02-28T18:11:33+00:00\",\"dateModified\":\"2021-02-28T20:41:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\"},\"wordCount\":1192,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg\",\"keywords\":[\"Personal Loans\",\"Personal Loans documents\",\"personal Loans Interest rates\"],\"articleSection\":[\"Finance\",\"Loans\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\",\"url\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\",\"name\":\"Personal Loans?Everything You Need to Know About Personal Loan - Goodwill Exchange\",\"isPartOf\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg\",\"datePublished\":\"2021-02-28T18:11:33+00:00\",\"dateModified\":\"2021-02-28T20:41:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage\",\"url\":\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg\",\"contentUrl\":\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg\",\"width\":640,\"height\":422,\"caption\":\"Personal Loans\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.goodwillexchange.ae\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Personal Loans?Everything You Need to Know About Personal Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#website\",\"url\":\"https:\/\/www.goodwillexchange.ae\/blog\/\",\"name\":\"Goodwill Exchange\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.goodwillexchange.ae\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#organization\",\"name\":\"Goodwill Exchange\",\"url\":\"https:\/\/www.goodwillexchange.ae\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2020\/09\/goodwillexchange.jpg\",\"contentUrl\":\"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2020\/09\/goodwillexchange.jpg\",\"width\":320,\"height\":320,\"caption\":\"Goodwill Exchange\"},\"image\":{\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/person\/b050b95bdd3fb8ab99a63af3ab5d40be\",\"name\":\"Goodwill Exchange\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/941f00b5d9f30e9b2bd749433a9fc170?s=96&d=http%3A%2F%2Fwww.goodwillexchange.ae%2Fblog%2Fwp-content%2Fuploads%2F2020%2F09%2Fgoodwillexchange.jpg&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/941f00b5d9f30e9b2bd749433a9fc170?s=96&d=http%3A%2F%2Fwww.goodwillexchange.ae%2Fblog%2Fwp-content%2Fuploads%2F2020%2F09%2Fgoodwillexchange.jpg&r=g\",\"caption\":\"Goodwill Exchange\"},\"description\":\"Goodwill Exchange is a Dubai based money exchange and remittance brand regulated by the Central Bank of the U.A.E since March, 2011, we offer exchange of foreign currencies and remittance service with a vision to provide best services at competitive rates to our trading partners and customers.\",\"sameAs\":[\"http:\/\/www.goodwillexchange.ae\/blog\",\"https:\/\/www.facebook.com\/GoodwillExchangeDubai\/\"],\"url\":\"https:\/\/www.goodwillexchange.ae\/blog\/author\/gwblog\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Personal Loans?Everything You Need to Know About Personal Loan - Goodwill Exchange","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/","og_locale":"en_US","og_type":"article","og_title":"Personal Loans?Everything You Need to Know About Personal Loan - Goodwill Exchange","og_description":"Personal Loans : Personal loans are one of the most preferred loans. Why not? As they are easy to avail and can be made use of for a variety of needs. What makes personal loans so popular? What should you know about personal loans before applying for one? You will get your answers to questions like these and more through this article. Read on to learn more! What is a Personal Loan? A personal loan is a short term unsecured loan that can be availed without the need for collateral. The eligibility and the lending criteria are relaxed in comparison [&hellip;]","og_url":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/","og_site_name":"Goodwill Exchange","article_author":"https:\/\/www.facebook.com\/GoodwillExchangeDubai\/","article_published_time":"2021-02-28T18:11:33+00:00","article_modified_time":"2021-02-28T20:41:01+00:00","og_image":[{"width":640,"height":422,"url":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg","type":"image\/jpeg"}],"author":"Goodwill Exchange","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Goodwill Exchange","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#article","isPartOf":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/"},"author":{"name":"Goodwill Exchange","@id":"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/person\/b050b95bdd3fb8ab99a63af3ab5d40be"},"headline":"Personal Loans?Everything You Need to Know About Personal Loan","datePublished":"2021-02-28T18:11:33+00:00","dateModified":"2021-02-28T20:41:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/"},"wordCount":1192,"commentCount":0,"publisher":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/#organization"},"image":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg","keywords":["Personal Loans","Personal Loans documents","personal Loans Interest rates"],"articleSection":["Finance","Loans"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/","url":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/","name":"Personal Loans?Everything You Need to Know About Personal Loan - Goodwill Exchange","isPartOf":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage"},"image":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg","datePublished":"2021-02-28T18:11:33+00:00","dateModified":"2021-02-28T20:41:01+00:00","breadcrumb":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#primaryimage","url":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg","contentUrl":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2021\/02\/finance-4858797_640-3.jpg","width":640,"height":422,"caption":"Personal Loans"},{"@type":"BreadcrumbList","@id":"https:\/\/www.goodwillexchange.ae\/blog\/2021\/02\/personal-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.goodwillexchange.ae\/blog\/"},{"@type":"ListItem","position":2,"name":"Personal Loans?Everything You Need to Know About Personal Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.goodwillexchange.ae\/blog\/#website","url":"https:\/\/www.goodwillexchange.ae\/blog\/","name":"Goodwill Exchange","description":"","publisher":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.goodwillexchange.ae\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.goodwillexchange.ae\/blog\/#organization","name":"Goodwill Exchange","url":"https:\/\/www.goodwillexchange.ae\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2020\/09\/goodwillexchange.jpg","contentUrl":"https:\/\/www.goodwillexchange.ae\/blog\/wp-content\/uploads\/2020\/09\/goodwillexchange.jpg","width":320,"height":320,"caption":"Goodwill Exchange"},"image":{"@id":"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/person\/b050b95bdd3fb8ab99a63af3ab5d40be","name":"Goodwill Exchange","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.goodwillexchange.ae\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/941f00b5d9f30e9b2bd749433a9fc170?s=96&d=http%3A%2F%2Fwww.goodwillexchange.ae%2Fblog%2Fwp-content%2Fuploads%2F2020%2F09%2Fgoodwillexchange.jpg&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/941f00b5d9f30e9b2bd749433a9fc170?s=96&d=http%3A%2F%2Fwww.goodwillexchange.ae%2Fblog%2Fwp-content%2Fuploads%2F2020%2F09%2Fgoodwillexchange.jpg&r=g","caption":"Goodwill Exchange"},"description":"Goodwill Exchange is a Dubai based money exchange and remittance brand regulated by the Central Bank of the U.A.E since March, 2011, we offer exchange of foreign currencies and remittance service with a vision to provide best services at competitive rates to our trading partners and customers.","sameAs":["http:\/\/www.goodwillexchange.ae\/blog","https:\/\/www.facebook.com\/GoodwillExchangeDubai\/"],"url":"https:\/\/www.goodwillexchange.ae\/blog\/author\/gwblog\/"}]}},"_links":{"self":[{"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/posts\/1599"}],"collection":[{"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/comments?post=1599"}],"version-history":[{"count":6,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/posts\/1599\/revisions"}],"predecessor-version":[{"id":1606,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/posts\/1599\/revisions\/1606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/media\/1604"}],"wp:attachment":[{"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/media?parent=1599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/categories?post=1599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goodwillexchange.ae\/blog\/wp-json\/wp\/v2\/tags?post=1599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}