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    Personal loans are multipurpose loans, i.e., they can be used for any purpose. As the lender is not concerned with the purpose of the loan, the borrower is free to use the funds in any manner he wants.

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    e multiple debts; for new or used car purchase; to cover vacation and holiday season expenses; and for endless wedding expenses.

    A Personal loans can be broadly classified into secured and unsecured loan. The basic difference between the two types of loans is the requirement of collateral – a secured personal loan requires collateral, whereas an unsecured personal loan does not. As the significance of collateral in the loan bazaar is still supreme, a secured loan application receives quick attention. Othe

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