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Loans

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What exactly is a personal loan?

A personal loan is a large sum of money given by a bank to an individual for purely personal reasons. In short, you don't tell the bank what the money will be used for. A personal loan is easy to get, as you do not have to provide any security or collateral except your own repayment ability and financial standing and is ideal if you need the money urgently.

 
 
 
 
 
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