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A personal loan is an unsecured loan that individuals can use for various personal expenses, such as consolidating debt, financing a major purchase, covering medical bills, or funding home improvements. Unlike secured loans, personal loans do not require collateral, but they are typically based on the borrower’s creditworthiness. Here’s a detailed overview:
Types of Personal Loans
Debt Consolidation Loans:
Home Improvement Loans:
Medical Loans:
Emergency Loans:
Wedding Loans:
Vacation Loans:
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