You can use a pre-approved personal loan to cover short-term financial needs without pledging any collateral security. Such loans are helpful and cost-effective but you need to use them wisely.
A Pre-approved personal loan is an offer given by Banks/NBFCs/Fintech for existing customers based on their current financial standing, excellent CIBIL score, and flawless credit history or behaviour is required.
You will get pre-approved personal loan offers regularly, or on some special occasions. Here are all the essential things you need to know about the pre-approved personal loan. Click for continue reading- https://www.storeboard.com/blogs/personal/essential-things-to-know-about-pre-approved-personal-loan/5533174