New Delhi, Feb. 19 -- Are you in urgent need of funds but the quantum is not large enough to go for a big-ticket loan? A small personal loan offered by banks and NBFCs (Non-banking finance companies) to cover small but unforeseen expenses can be quite helpful in such circumstances. You can borrow as low as Rs.50000 as a small personal loan. Here is a quick snapshot on small personal loans, interest charges, eligibility requirements and repayment terms.

A small personal loan, termed as a 'mini loan' by banks, is an unsecured loan that is typically availed by those who are in urgent need of a small amount to cover unforeseen expenses. You can borrow a minimum of Rs.50,000 from lenders. But some banks and NBFCs offer it only for salaried in...