New Delhi, Aug. 12 -- For a freelancer, the need for a personal loan can arise at any time, whether for professional or personal expenses. The professional expenses may involve investing in a course to upgrade skills, creating professional infrastructure, like setting up a workplace, buying professional equipment/tools, etc. The personal expenses may involve a medical emergency, home renovation, celebrating an event/festival, family vacation, etc.

Whatever the need for a personal loan, these days, banks/NBFCs are very accommodating of extending loans to freelancers. In this article, we will understand the various aspects of a personal loan for freelancers, including eligibility, documentation, interest rates, application process, etc.

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