New Delhi, April 25 -- Personal loans provide individuals with a valuable financial flexibility to fulfill a range of needs and aspirations. Yet, it's crucial to understand the terms and conditions governing these agreements before pursuing a personal loan.

The initial stage involves meeting the loan qualification criteria. Lenders evaluate your repayment capacity using factors such as:

After meeting the eligibility criteria, consider various loan terms.

Understanding prepayment choices is a crucial aspect of grasping the terms and conditions of a personal loan.

The terms and conditions typically specify how the lender will communicate in case of default. They will likely reach out to discuss repayment options. It's important not to d...