Women taking personal loans!

The top five factors for women taking a personal loan are medical emergency, followed by business expenses, higher education, household expenses and home decoration, Applying for a personal loan should be your last resort. If you are in a tight financial situation, first try and tap your emergency corpus if you have one. If you don’t, then liquidate your existing investments, including gold. Personal loans are unsecured that carry very high interest rates of 15-25 percent, depending on the borrowers’ credit profile. So if possible it is best to avoid taking one.