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A Personal Loan is an amount of money that is advanced by bank or NBFC to the Salaried Individuals only in a very short time without any collateral. Personal Loans are given on the basis on the profile of the individual as well as the organization where he is employed.
Personal Loans can be utilized for any financial need and the borrower have the flexibility to use it for managing his / her vacations expenses, Wedding Expenses, Education, Medical Emergency, Home Furnishing and any other. Borrower has to pay monthly EMI's for the agreed Tenure which can be maximum up to 5 years.
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