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When would you use a personal loan?

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Anonymous

10y ago
Updated: 8/17/2019

You can use a personal loan for almost anything! Emergency expenses, debt consolidation, home improvement, vacations, down payments on home or auto purchases – virtually anything you need fast cash for.

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Wiki User

10y ago

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In general would interest rates for a personal loan be lower or high than those for a business loan?

In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.


How do you apply for a tesco loan?

You can apply for a tesco loan on line this is the quickest and you get an instant approval or denial or on the phone. Tesco loan can be anything personal loan and for whatever you want to use it for.


How can I use a personal loan to fix my house?

You can use a personal loan to fix your house by applying for the loan, receiving the funds, and using them to pay for repairs or renovations. Make sure to budget carefully and prioritize necessary repairs to ensure the loan is used effectively.


What details do I need to furnish to use the personal loan calculator?

A personal loan calculator needs you to give salary, monthly deduction, finance amount, tenor and some other personal details. It will then calculate your eligibility for the loan.


How would one apply for a personal loan?

The best way to apply for a personal load is through the bank that you currently use, especially if you have a good banking history with them, you are likely to get a better interest rate on your loan compared to a bank with which you have no previous history.


Is it okay to use a personal credit line for business purchases, or is a business loan better?

It is easier to use your personal finances, however, for tax purposes it would be more beneficial to obtain other financing.


Can you get a personal loan after a car repossession?

You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.


Where could one obtain loan finance for a personal loan?

To obtain loan finance for a personal loan by visiting their local bank and filling out the necessary paperwork. Some websites to visit would be DFCU Financial and Discover.


What is the best site for a loan?

there are lots on the market...depends if you want a personal loan or payday loan.... i would check the comparison sites...


Where can I find some personal loan rates?

I would recommend going to your local bank that you use the most to find the information. Your bank could tell you a lot about personal loan rates, but also recommend companies that can provide excellent service for you. Sometimes, banks also offer very good personal loan rates for their long term customers.


What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?

personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in


Can you use a personal business loan for your small business?

Yes, you can use a personal business loan for your small business, even though you might need to consider a small business loan for those purposes. Personal business loan rates are also higher.