How Personal Loans facilitates individual

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Presentation Transcript

Slide1:

How Personal Loans facilitates individual? These personal loans facilitate each and every individual in some or the other manner. Personal loans are that loans which a person can use it for their personal purpose and against that no security is to be given to the bank or any institution which provides personal loan.

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Small Personal Loans Small personal loans are the loans which has a small amount of loan taken by the personal for their own self and it generally varies from 1 lac to 5 lac and this is a very small amount of loans been taken to setup the small-scale business or any new startup at small level.  Small personal loans  are not only about the amounts of lacs but also provide the Rs1000 amount which is a very minimal amount of money which is been taken by the persons for their own personal use.

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Unsecured Personal Loan Unsecured personal loans are that loans which are been taken when the person needs the extra cash and use it for their personal use or purpose. The person can take the unsecured personal loan from the institutions who provide the loans and it can be taken by any person and have to repay it after a specific duration. It also imposes some amount of interest which is been charged on loan been taken by the person.

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