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Personal loans are short-term loans that one can use for different expenses, including emergencies. These loans an help one convert their financial dreams into reality.
Besides, the excellent thing about personal loans is that collateral is not needed to avail funding. For the same reason, personal loans are also referred to as signature loans or unsecured loans.
You need to be cautious while selecting the best personal loan for you. Personal loans can cost you higher interest rates than secured loans as they are not guaranteed by any collateral.
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