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Personal Loan

[caption id="attachment_228" align="alignnone" width="300"]closeup finance concept in blocks with words Personal loan Personal Loan[/caption]

personal loan is a type of loan extended to individuals by financial institutions or lenders. It provides borrowers with a lump sum of money that can be used for various purposes, such as consolidating debt, covering unexpected expenses, financing a major purchase, or funding a project. Unlike specific-purpose loans (like auto loans or home loans), personal loans are versatile and can be used at the borrower’s discretion.

Who Approves Personal Loans

I’ll tell you who approves personal loans. It’s not some mysterious entity in the sky. No, it’s real people, working at financial institutions, banks, credit unions, online lenders, and peer-to-peer lending platforms. These are the folks who assess your application, crunch the numbers, and ultimately make the decision to approve or deny your loan. In […]

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