A personal bank loan is a short-term loan availed to generally meet monetary emergencies. Unsecured loans may also be called crisis loans. They are short term loans since the loan provider does ask for any nвЂ™t collateral/security. Here is the reasons why banking institutions charge an increased interest on unsecured loans vis-a-vis other loans.
Getting loans that are personal no banking account is nearly impossible. Banking institutions require statements as a proof capability to repay loans.