Equated Mothly Installment End Mothly Installment Extracted Mothly Installment

The customer needs lump-sum money urgently due to some genuine emergency The customer wants to indulge in luxuries such as buying an expensive car The customer wants to trade in the stock market

Repayment history is not taken into consideration at all Repayment history of all your previous loans is taken into consideration Repayment history of previous personal loans only are taken into consideration

One to five years Five to ten years Less than one year

Yes No Can be required in case your credit profile doesn't meet the lender requirements

Application and processing Documentation, sanctioning, disbursement All of above

Yes No Some banks make it mandatory

100 80 - 90 50

True False

Reserve bank of India All public sector banks Foreign banks in India Government treasury