Choose A Personal Loan Over Breaking Your Investment

Have you ever considered the fact that it is best to take a personal loan rather than break the investments that you have made in case of any financial emergencies? Investments in market instruments such as stocks, funds, bonds, FDs etc. are some of the best ways of saving and securing your future and hence it is best not to break them during times when you do need an inflow of cash. So, what do you do then if you need money?

Well, it’s rather simple – you opt for a Personal Loan! All you have to do is apply for a personal loan and get it sanctioned. Not convinced? Here are some reasons that are bound to convince you –

1. Firstly, when it comes to breaking an investment, there is a lot of paper work involved. This paper work or documentation needs time to be completed and hence if you want it done fast and quick, it is best that you opt for a personal loan. In order to get a personal loan, all you need is a good credit score. If you have a good credit score then, you will be able to easily apply for a loan which can get approved almost within a day or two and sometimes in minutes! Hence, if you are looking for money fast and instantly, then, it is best to ensure that you opt for a personal loan, rather than breaking your investments which, will take a lot of time as well as impact your financial planning goals and objectives.
2. Another thing that you need to remember when it comes to breaking investments is that when you do so, what happens is that it messes with your investment objectives which, in turn disturbs your savings, right? So instead of doing that, it is always best to let your investments continue the way they have been running, while you go and get a personal loan at a suitable rate of interest. Personal loans should be taken in small amounts, since the rate of interest is generally higher and try to pay it off as soon as you can.
3. When it comes to personal loans there is a very big advantage. For starters, you will be able to use your personal loan for any purpose that you want. You can use it to buy a car, you can use it for a trip oryou can use it to take care of any medical emergencies. Whatever your need might be, a personal loan will take care of the financial part for you.
4. One of the biggest advantages that you have when it comes to taking a personal loan is that, you will not have to show any collaterals. Personal loans come without collaterals and hence you will not have to show any assets and you won’t even need a third party to act as a guarantor.

The advantages of personal loans are much more when compared to breaking your investments to take care of financial obligations. Hence, if you really need money, it is always best to go for a personal loan.

I am a qualified Engineer & i have extensively worked in Finance & Marketing industry. I have also worked with small stock broking to large stock broking companies & Bfsi giants in India