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What is a Personal Loan?

A personal loan is a type of loan that can help you meet your current financial needs.

This is an unsecured loans. This means that it does not require collateral.

 

NOTE:

NOTE:

Collateral is a property or an asset that belongs to the borrower, that is kept as security with the lender in exchange for loan.

You can use personal loans for various reasons like :-

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    Home repair

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    Home renovation

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    Marriage expenses

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    Paying off debt

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    Cost of funeral

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    Vacation

Learn more about the features of a personal loan!

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