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How many kind of personal loan?

Updated: 9/22/2023
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11y ago

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A personal loan is a loan that can be designated for any number of personal expenses. There are two types of personal loans available: secured personal loans and unsecured personal loans. A secured personal loan is one that uses collateral, such as a house or car, to back the loan. To be eligible for unsecured personal loans, which are by far much more common, you don't need to put up any kind of collateral. You can apply for a personal loan at any bank, building agency, or other official lender.

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11y ago
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claira d souza

Lvl 2
4y ago

A personal loan is a type of unsecured loan and helps you meet your current financial needs. You don’t usually need to pledge any security or collateral while availing a personal loan and your lender provides you with the flexibility to use the funds as per your need. It can serve as your solution for managing your travel costs and wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others. There are many financial institutions which offers India’s personal loan online apply with approval and disbursal within just 24 hours. Due to digitalization personal loan online applycan be availed by following some easy steps!

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