Loa quantity
Payday loans typically lend reduced amount ranging from about Rs. 5000 to Rs. 1-2 lakhs. Whereas consumer loan levels selections from Rs. 50,000 to Rs. 50 lakhs.
Lenders
Unsecured loans are supplied by banking companies, credit unions, NBFCs, and online drive loan providers. Pay day loans are available just by on-line lenders whom focus on particular goods.
Protection
Personal loans are often unsecured unless you offer a secured asset as a collateral. Continue reading “What’s the Difference Between Personal Loan and cash advance?”