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    Personal loan is often called as multipurpose loan. As the name suggests, it can be used for many different purposes like for home improvement, debt consolidation, higher studies, medical expenses, holidays, etc.

    You can borrow personal loan even if you do not own a house. Personal loan comes in two different forms i.e., secured and unsecured. Secured personal loans can be obtained by pledging your property as collateral. Lenders offer such loans at lower interest rates and with flexible repayment period.

    If you are a tenant, you can obtain unsecured personal

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