New Delhi, June 26 -- Personal loans are a reliable finance option for those unexpected costs & if you are unfamiliar with the key differences between a pre-approved personal loan and a regular personal loan, it may be difficult to make an informed decision. Our comprehensive guide will allow you to determine which type of loan is most suitable for your financial requirements.

Personal loans may be offered by banks or NBFCs based on your income, credit history, and ability to repay. Once granted, there are still the usual requirements of documentation, eligibility checks, and approvals before disbursal. However, as a result of its flexibility and speed of disbursal, it has become one of most common short-term finance options in India.

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