Different people have different financial needs and sometimes, they are unable to meet these requirements with the funds that they have at their disposal at the time. It can be helpful to have a source of instant funds to deal with such a cash crunch.
A personal loan from a reputed bank or financial institution is one of the best options at such times. Most Indian banks and financial institutions offer their own variants of personal loans that customers can take advantage of. The interest rates, loan amount, loan tenure as well as eligibility criteria vary from one bank to another.
Bank of India offers the BOI Star Personal Loan scheme to its customers. The scheme has a number of products that allow customers the option to avail a clear/unsecured or a secured personal loan.