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A personal loan is money borrowed from a lender that can be used for almost any purpose, from debtconsolidation to home improvement projects. A personal loan is money borrowed from a bank, credit union, or other financialinstitution that can be used for virtually any personal expense. What Is a Personal Loan?
Personal loans are installment loans offered by a bank, credit union, or other financialinstitution to an individual borrower. ConsolidatingDebt. Personal loans can help with debtconsolidation. Consolidating your credit card debt with a personal loan, for instance, can score you a lower interest rate.
They’re great for credit card debtconsolidation, home improvement projects, major car repairs, or any other cash-heavy project. You can also borrow for just about any purpose: education, home improvement, debtconsolidation, recreation, and even secured auto loans. Marcus by Goldman Sachs.
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