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A personal loan is an unsecured loan in which you don't have to give any security. But some banks can ask for a guarantor or security. The terms and conditions vary by lender. The benefits are:

  • Minimum documents required.
  • Clearance is given within seven days of applying.
  • You can use the loan for any purpose whichever you like the most, there is no check on that.
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8y ago

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