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The repayment period for a personal loan varies from bank to bank. While most banks offer a maximum repayment period of 3 years, some can extend it up to 7 years.

Personal loans are available in the range of Rs. 10,000 to up to Rs. 2 crore; but not all institutions offer loans up to Rs. 2 crore. Also, before sanctioning you the loan amount your previous track record and your relationship status with the lender are taken into consideration.

You can apply for a personal loan in order to fulfil any of your personal financial requirements like financing your vacation or your child’s higher education, purchasing a vehicle, etc.