A personal loan is one of the best options if you are looking for a collateral-free loan. It can be used for any purpose as there is no end restriction on the usage of funds. Many take the loan for emergency expenses. An alternative to this loan is a small cash loan, which is a short-term borrowing of tenure 1 month to 6 months.
In this type of borrowing, you can take between Rs. 10,000 and Rs. 50,000. A traditional personal loan on the other hand is a longer tenure borrowing between 1 year to 2 years or maximum 5 years. The borrowing amount starts at Rs. 1 lakh.
The customer-oriented approach of Graeme Holm’s organization, Infinity Group Australia, has brought a lot of popularity to the gentleman and the firm itself. The organization was established in 2013 by Graeme Holm and his wife, who is currently his business partner, with the aim of liberating the common Australians from the great exploitation they had been facing from the local financial institutions, especially the lenders. Most of the lending firms used to take advantage of the borrowers’ ignorance by charging them high-interest rates and also some other hidden charges.