New Delhi, July 25 -- Personal loans have become a preferred financial tool for individuals aspiring for swift and flexible availability of funds, without tying up their assets. Whether you are covering emergency medical expenses, wedding costs or consolidating high interest debt, personal loans stand out against alternatives such as home loans, credit cards or gold loans.

Here is why personal loans are often a smarter choice:

Most personal loans are processed and released within 24-48 hours, thanks to digital first lending platforms. The release of funds is subject to satisfactory submission of relevant documentation. This makes these loans ideal for urgent financial needs, unlike home loans or education loans that often involve weeks ...