What is a personal loan?

[Nat]

A personal loan is an amount of money you borrow from a personal venture which needs no money going external. Assuming that you a have a business or venture in which you make sure that the money generated stays in the business. In this case, you take money out of it to satisfy a need or want contrary to what it is primarily intended for . That is a personal loan.

 

[Good-Person]

A personal loan is an amount of money you borrow from a personal venture which needs no money going external. Assuming that you a have a business or venture in which you make sure that the money generated stays in the business. In this case, you take money out of it to satisfy a need or want contrary to what it is primarily intended for . That is a personal loan.

Personal loan is any kind of money that you borrow from any kind of person. This could also involve borrowing money from your relatives as well. Usually people borrow loan from people and they tend to avoid borrowing loans from institutes like banks.

 

[Robust]

Well personal loan is a money borrow by an individual to solve his or her personal need and want such as business, investment and others and then pay back such loan in installments.

 

[Genie011]

Well personal loan is a money borrow by an individual to solve his or her personal need and want such as business, investment and others and then pay back such loan in installments.

Am enlightened!
Loans are not a bad resort. Inasmuch as you are in the process of gaining financial freedom

 

[Lynaia]

Just for example i think. If you've got two businesses and one is working perfectly but the other is declining. You can raise a loan from your first business to help the other. It's a personal loan

 

[Ronald]

Personal loan is any kind of money that you borrow from any kind of person. This could also involve borrowing money from your relatives as well. Usually people borrow loan from people and they tend to avoid borrowing loans from institutes like banks.

Personal loan is a loan that is given by close friends and family that is usually paid without interest. In a way this is akin to a soft loan and therefore people tend to prefer this type of loan to other means such as banks

 

[Gandiba1]

Loan of any type is always not advisable.

It is important for people to try as much as possible to make sure they raise money for what they're into.

Taking loans comes with a lot of implications.

 

[frederick_9]

Any type of loan, from any kind of individual, is a personal loan.
This could also entail getting a loan from a family member.
People typically borrow money from one another rather than from institutions like banks.

 

[Good-Person]

Personal loan is a loan that is given by close friends and family that is usually paid without interest. In a way this is akin to a soft loan and therefore people tend to prefer this type of loan to other means such as banks

Personal loan can be given in many different kinds of forms and there are many people who offer personal loans so that they could help people and they never even charge any kind of interest on such kind of loans.

 

[Ronald]

Personal loan can be given in many different kinds of forms and there are many people who offer personal loans so that they could help people and they never even charge any kind of interest on such kind of loans.

Personal loan is a loan that is granted normally without any gruesome paperwork to go through. There is no need for the provision of collateral as is the case with bank loans as well.

 

[Syldan]

Personal loan is that amount of money an individual borrowed from an individual for personal reason and not for business investment which will be paid back after an agreed period of time.

 

[Good-Person]

Personal loan is a loan that is granted normally without any gruesome paperwork to go through. There is no need for the provision of collateral as is the case with bank loans as well.

This is why banks usually never used to offer such kind of loans. However, now many banks are offering loans for personal use as well. Many banks have introduced "marriage loans" as well. Where people borrow loans from the banks to cover the expenses of wedding and marriage!

 

[Ronald]

This is why banks usually never used to offer such kind of loans. However, now many banks are offering loans for personal use as well. Many banks have introduced "marriage loans" as well. Where people borrow loans from the banks to cover the expenses of wedding and marriage!

This is a logical assertion. Banks have definitely become more flexible in offering loans ranging from agricultural loans to funeral loans. However, the interest rate is still at a high level and this discourages people from taking these loans.

 

[Good-Person]

This is a logical assertion. Banks have definitely become more flexible in offering loans ranging from agricultural loans to funeral loans. However, the interest rate is still at a high level and this discourages people from taking these loans.

They offer loans to farmers in my country because I live in an agricultural country. In here, the government offers such kind of loans that do not require you to pay interest.

 

[GIFTMICHAEL]

A personal loan is an amount of money you borrow from a personal venture which needs no money going external. Assuming that you a have a business or venture in which you make sure that the money generated stays in the business. In this case, you take money out of it to satisfy a need or want contrary to what it is primarily intended for . That is a personal loan.

I think personal loan is that kind of loan which you burrow from your relatives or any friend to give them profit as well to yourself to run a business and I don't think so loan is a bad thing if that is giving you a profit and your earning then it is good thing don't feel bad to take loan from anybody else.

 

[Joseph555]

This involve borrowing money from your relatives, colleaguea and cooperative organization as well. Usually people borrow loan from people and they tend to avoid borrowing loans from institutes like bank.

 

[Ronald]

They offer loans to farmers in my country because I live in an agricultural country. In here, the government offers such kind of loans that do not require you to pay interest.

That is a really good initiative introduced by the bank you are referring to because this will aid all the players in agriculture even down to the ones with less funds. This will also encourage more people to venture into agriculture as a business.

 

[Popular]

It is the money one borrows or useds from one's savings for a different reason other than the way you budget to use it, but with the intention of returning it to its place.

 

[Good-Person]

That is a really good initiative introduced by the bank you are referring to because this will aid all the players in agriculture even down to the ones with less funds. This will also encourage more people to venture into agriculture as a business.

The government offers such kind of loans to some farmers only. Moreover, the concept of business grants is not that much popular in here at all. Otherwise, business grants could also have improved the economy of the country as well.

 

[Ronald]

The government offers such kind of loans to some farmers only. Moreover, the concept of business grants is not that much popular in here at all. Otherwise, business grants could also have improved the economy of the country as well.

This is a great submission, let me not lie to you. There is a general reluctance to offer grants and loans, especially in these trying economic times, so all in all, it is not entirely surprising