One of the things that makes personal loans very easy to access,is that it is not a kind of loans that require one to receive a jumbo sum from the lender,it can even be given without collatoral,and its terms are flexible.
What is a personal loan?
- Thread starter empire1
- Start date
I think that the term personal loan could also refer to the kind of loan that you tend to borrow from your friends. Personal loans may not involve signing a document.
Well personal loan is been describe as a loan collected by an individual either small or large to settle personal needs and wants including investments and businesss and it is paid back either in full or installment.
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Personal loan could also be borrowed from just anyone. Usually, personal loans does not involve a huge sum of money, however, this could be an exception in certain kind of cases.
Yeah, the loan could be small or huge, any one and it is highly risky once you are not able to pay back a personal loan. Such collection of loan do affect mostly families.
That actually fall into that category,because it is a loan that you will need to solve some personal issues apart from the one that will be needed in that business,that is a peesonal lona actually.
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Borrowing money could increase your account deficit and this is why I never borrow money. I think I borrow a very low amount of money like $50 or something like that WITHOUT interest.
I think it is a loan that you take for meeting your needs .
It is different from a business loan.
In most cases, a personal loan does not have so much interest rate like business loan does.
It is different from a business loan.
In most cases, a personal loan does not have so much interest rate like business loan does.
As the name sound, personal loans are loans that an individual borrow do personal use or need. There are so many things you borrow loan for that are personal to you alone
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Personal loan (also known as a consumer loan) deals with any state in which an individual or a person borrows money for personal need, including making investments in a company. I do pay back all that I take just to keep my integrity.
A personal loan is money you borrow from a bank or other financial institution with a set repayment period and consistent monthly payments. Most personal loans are unsecured, so you won't have to put down collateral to borrow the money.
Personal loans are usually kind of loans that you may also borrow from your close relative. The trend of borrowing loans from relatives is pretty common in my country.
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One of the things about the issue of borrowing in the parspective of a business owner is that there will come a time that you will need some huge amount of cash to fund your project except you have the funds,you will just have to borrow.
Funding any kind of project is very important and this is why many project owners usually start crowdfunding projects in order to gain funds from investors.
That is just one avenue to get money,but what if you do not have the crowd to help you in your project,then you have to look at other alternative which might be the banks in this case.
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Personal loans are loans that are been borrowed to solve some of your personal needs as a person that is my own understanding of what a personal loan is, though, I might be wrong
Personal loans are really helpful. The fact of the matter is that personal loans may not necessarily involve paying interest if you borrow loans from someone who is your close family member.
Personal loan is a kind of loan borrowed from a friend or family to sort for some personal matters like emergency , but this personal loan does not requires the payment of interest .
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What you have said is not really far from the truth. The business loan is the money that somebody collect in order to establish a business or grow one. A personal loan on the other is one that you take for your own personal kind of spending.
Personal loans are usually used by people in order to deal with issues related to medical emergency. Some people also get such kind of loans to buy groceries as well.
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