First of all let us get to know what is a Personal Loan.
Personal loan is a loan to a private person by a bank or building society for domestic purposes, buying a car, etc. There is usually no security required and consequently a high rate of interest is charged. Repayment is usually by monthly installments (EMIs) over a fixed period. This is a more expensive way of borrowing from a bank than by means of an overdraft.
Q. Is it feasible to opt for an Installment Plan?
Q. Personal loans can
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