How Many Types Of Unsecured Loans Are Available In India?

Unsecured credit refers to financing backed by the borrower's creditworthiness, requiring zero assets or gold as collateral. Main options include:

• Personal Loan: Multi-purpose cash credit for travel, marriage, home renovation, or health emergencies.
• Professional Loan: Customized higher-limit loans designed for Chartered Accountants (CAs), Doctors, and Company Secretaries.
• Business Loan / Working Capital: Short-term financing for businesses, MSMEs, and retailers to purchase stock or cover operating fees.
• Small/Instant Cash Loan: Micro-loans from 10,000 to 50,000 for immediate utility.