Personal Loan

A personal loan is an amount of money that can be borrowed from a bank or licensed moneylender to pay for anything that the borrower needs the money for. It is considered as an unsecured loan because it does not need to be backed by collateral like a house or a car; if the borrower fails to pay back the loan there are no repercussions. However, if the borrower is not able to pack back the personal loan, it will affect his/her credit score that might hinder their chances of getting another loan.

 

Personal loans can be used to provide short or long-term economic ease, such as debt consolidation or student loans. Personal loans also have fixed interest rates and are paid back through monthly installments over a fixed duration.
If you are in need of a personal loan, simply fill in your details below and we’ll get in touch with you shortly.

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