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WHY DO PEOPLE PREFER PERSONAL LOANS There are many factors that make Personal Loans more attractive. Easy to get:  Personal Loans are easier to obtain than many other types of loans. Flexible usage:  You can use the funds in a variety of ways. You can use it to pay for a vacation or a medical emergency. You can use it to fund a wedding, renovate a house, and more. Quick process:  It can take as little as three days to get approval for a Personal Loan. Just make sure you have all the necessary documentation. No collateral:  Personal Loans are unsecured loans. In other words, they are not backed by any collateral. This helps reduce the documents required for your loan application or even the duration of the vetting process. You can even apply for a  PERSONAL LOAN  from the convenience of your home. All you need to do is visit the lender’s website. An application for a Personal Loan from Bajaj Finserv , for instance, usually takes secon...

Bankers cannot escape blame for the bad-loan mess at Kingfisher Airlines. Why did they fund Vijay Mallya’s never financially solvent airline? Kingfisher’s gross block (investment in fixed assets) was always a fraction of its total debt and the gap widened with each passing year (see chart). Thus, the banks never had the option to sell its assets and recover their dues in a default. Compare it to the amount of documentation and collateral that banks ask from individual borrowers. Show full article