2007-01-23 16:19:35 · 4 answers · asked by Lakshminarayana P 1 in Business & Finance ➔ Credit
personal loan - a loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay
consumer loan
loan - the temporary provision of money (usually at interest)
auto loan, automobile loan, car loan - a personal loan to purchase an automobile
An unsecured loan usually made for the purpose of debt consolidation, vacation or the purchase of durable goods. Also called a signature loan.
2007-01-23 22:19:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Per se, personal loans are the privately borrowed monies from friends, some family member, next-door neighbour, steady acquaintments from your cohorts and conspecifics[ like a kitty party] and non-registered, non-institutionalized, deregulated moneylenders and pawn shops where a guarentee [ valued] is the pre-requisite. Loans for meeting your personal need or desire for things come from institutions like banks where you are required to complete the formalities. That's not `personal loans'.
2007-01-24 23:24:45 · answer #2 · answered by debussyyee 3 · 0⤊ 0⤋
Personal loans are the loans which are available for your personal life like World tour,Marriage,etc.
2007-01-24 00:23:42 · answer #3 · answered by santpal_goel 2 · 1⤊ 0⤋
Personal loan is :Money taken from a lender for full fillment of any personal need, e.g. for medical expenses,holiday,marrage etc. Most of he spending made by credit card is of personal loan nature.
2007-01-23 21:48:57 · answer #4 · answered by Anonymous · 1⤊ 0⤋
a loan for something you don't need- like a CD stereo or boat. if you are building credit then they can be helpful, but expensive.
2007-01-23 16:30:49 · answer #5 · answered by Josh T 2 · 0⤊ 0⤋
http://www.badcreditcash.net
2015-10-04 13:13:31 · answer #6 · answered by Anonymous · 2⤊ 0⤋