Personal Loan

It's difficult to definitively say which bank always gives loans "easily" as it depends on individual circumstances and creditworthiness. However, HDFC Bank is often cited as a good option for personal loans, particularly for existing customers with good credit history.

Secured loans are typically a more affordable choice as they are backed by collateral and have lower interest rates than unsecured loans. Unsecured loans lack any form of collateral security, which results in higher interest rates.

SBI e-Mudra Loan offers loan amounts of up to Rs 1 lakh for repayment tenures of up to 5 years. Further, borrowers can get an instant loan of up to Rs 50,000 under this scheme, depending on the bank's eligibility norms. For loans above Rs 50,000, applicants need to visit the SBI branch for the required formalities.

Individuals between 21 and 60 years of age. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer. Those who earn a minimum of 25,000 net income per month.

Deciding between a personal loan and zero-cost EMI depends on your financial needs, the purpose of the funds, and your repayment preferences. Personal loans provide flexibility, larger loan amounts, and longer terms, making them suitable for diverse financial needs and emergencies.