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Personal loans can be used for almost anything. A personal loan is an amount of money borrowed at a fixed rate that needs to be repaid in a specific amount of time. If you make the right decision, you could get a low rate for a personal loan and use it for debt consolidation or even home improvements.
Named for the method of repayment, installment loans are repaid through a series of regular, set installments – typically monthly payments. personal installment loans are often a good way to finance purchases you need to repay over a period of months or years, as they can usually be obtained with lengths extending up to seven years.
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