What are Consumer Loans?
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Consumer Loans
Consumer loans are loans which are availed by individuals or consumers for buying consumer and lifestyle goods.
Consumer loans are also sometimes availed as personal loans.
Consumer loan are unsecured loans.
These loans can be availed at merchant stores having tie up with consumer loan providing companies.
In India, you can easily find companies like Bajaj Finance having tie up with different merchants near your area providing consumer goods.
When you buy goods from those merchants and avail loans from companies like Bajaj Finance to purchase those goods. Such loans are known as Consumer loan.
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Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
