A personal loan is an easy and fast cash loan which gets approved in minimum time. In personal loans the beneficiary is not required to provide any security or any kind of guarantee against the personal loan. Generally for any urgent cash requirement we prefer personal loan. It can be taken for any basic purpose like education, reconstruction of property, home renovation, a wedding expense, vacation etc. Most of the finance companies or other Banks offer personal Loan up to Rs 20 lacks, for salaried customers. Normally it can be repaid over a period of 12 months to 60 months. Some of the Banks are funding even more loan amounts.