Personal Loans What Is

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What is Personal Loan? | LendingTree Glossary
A personal loan has higher interest rates than secured loans like a home-equity loan, but you are not required to put up any collateral to ensure repayment. The main characteristic of a personal loan is that it is not secured by collateral. "Collateral" means something of value, like a home, boat or ...
Loan - Wikipedia
Common personal loans include mortgage loans, car loans, home equity lines of credit, credit cards, installment loans and payday loans. The credit score of the borrower is a major component in and underwriting and interest rates ( APR ) of these loans.
What is A Personal Loan And How Does it Work? - Make Lemonade
What Is A Personal Loan? A personal loan is an unsecured loan typically from $1,000 – $100,000 with fixed or variable interest rates that can be used to make a large purchase or to consolidate debt.

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