AB Loan Services

Instant Personal Loans are approved instantly within a few minutes with none to minimal document requirements. Personal loans with instant disbursals are usually offered by banks and NBFCs to their select customers on the basis of their credit profiles. Short-term Personal Loans have short repayment periods ranging from a few days to 12 months. Pre-approved Personal Loans are usually offered by banks and NBFCs to their existing customers on the basis of their credit history, income, employer’s profile, etc. Consumer Durable Loans can be used to purchase any consumer durable items like smartphones, furniture, microwave, etc. The purchase amount gets divided into EMIs and can be repaid within the tenure decided. Some products may require a down payment or a processing fee while others may not. Personal Loan Balance Transfer facility allows borrowers to transfer their outstanding personal loan to a new lender for lower interest rates or better loan terms. However, transfer your outstanding personal loan only when the savings made through the transfer outweighs the cost of the loan transfer. Personal Loan Top Up is offered to existing personal loan borrowers who need additional funds to meet their financial requirements. However, this loan facility is only offered to select existing personal loan borrowers having satisfactory loan repayment history and/or have completed a specified number of EMIs. Personal Loan for Education is for individuals requiring funds for pursuing higher education in India and abroad, vocational courses, etc., and are unable to get a conventional education loan. Debt Consolidation Loan is for individuals struggling with multiple debt obligations as it allows them to consolidate their multiple debts into a single loan taken at a reduced interest rate and/or for longer tenures. The main purpose to apply for a Debt Consolidation Loan is to reduce the interest cost and EMI burden.