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A personal loan is a type of installment loan that gives you a fixed amount of money, often anywhere from $1, to $50,, in one lump sum. Personal loans are. A personal loan can be termed as an 'unsecured loan', applied for and availed by individuals from a bank or non-banking financial company (NBFC). Also, non-institutional loans (from private individuals, including friends and family members) are not eligible for tax deduction under Section 80C.

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There are two basic types of private personal loans: secured and unsecured. An unsecured loan depends on a borrower's credit rating and credit history and does. Blender loans between people. To this day the consumer lending market is controlled by banks and credit card companies. Blender - The new way to finance, is. With a Personal Loan from Regions, borrow money to cover major expenses, Each vehicle type has an individual maximum loan amount ranging from $5k.

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Peer-to-peer lending (P2P) is unique. Instead of going to a bank for a traditional loan, you borrow from individual people. But unlike the type of personal. Also, non-institutional loans (from private individuals, including friends and family members) are not eligible for tax deduction under Section 80C. Union Bank is the best low interest personal loans giving bank. Permanent/confirmed employees of reputed private institutes/ organizations in India**.