What is a personal loan?

[Ronald]

Such kind of grants are offered by many organisations because they work with many welfare organisations that try to help the poor and needy people in the right manner. They receive a huge amount of money as charity.

Yes, you are spot on. I believe that this is a commendable approach that these organizations have taken in helping charities and orphanages. I just hope that more is done to alleviate the challenges of these marginalized individuals.

 

[Good-Person]

Yes, you are spot on. I believe that this is a commendable approach that these organizations have taken in helping charities and orphanages. I just hope that more is done to alleviate the challenges of these marginalized individuals.

We must also understand that there are many individuals who apply for grants, but not all the people receive grants. Sometimes, certain charity organisations receive grants because they work for the betterment of people. Some countries have great people who are actually willing to make their countries a better place and this is why they offer donation money as grants for business development in the country.

 

[Ronald]

We must also understand that there are many individuals who apply for grants, but not all the people receive grants. Sometimes, certain charity organisations receive grants because they work for the betterment of people. Some countries have great people who are actually willing to make their countries a better place and this is why they offer donation money as grants for business development in the country.

I agree with this. Not all people receive grants and gifts from organizations, but the ones that do receive some benefits which can aid them immensely.

 

[Nadiel sahmen]

Personal loans are a form of installment credit. Unlike a credit card, a personal loan delivers a one-time payment of cash to borrowers. Then, borrowers pay back that amount plus interest in regular, monthly installments over the lifetime of the loan, known as its term.

 

[Syldan]

I think personal loan are such loans that someone takes in othet to take care of himself or do something that is related to him. either in terms of health etc not necessarily productive.

 

[Georgeadawara1]

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

Yes you're right by saying this, in other to be financially stable and free, one of the greatest thing one should stay away is the so called loan, most especially loan that requires interest.

 

[Prince1]

Personal loans are a form of installment credit. Unlike a credit card, a personal loan delivers a one-time payment of cash to borrowers. Then, borrowers pay back that amount plus interest in regular, monthly installments over the lifetime of the loan, known as its term.

 

[Syldan]

Personal loan come in different ways sometimes it melay means such money borrowed in other to take care of personal responsibility that concerned only yourself.

 

[glitch]

I think most people know what a personal loan is but a lot of people don't understand the finer details of one. I know a lot of people who have gotten these types of loans and ended up having debt issues from them.

 

[Good-Person]

I think most people know what a personal loan is but a lot of people don't understand the finer details of one. I know a lot of people who have gotten these types of loans and ended up having debt issues from them.

The fact of the matter is that a personal loan is any kind of amount that you may need to borrow from your friend, family member, or even neighbour. Many people do not charge interest when you borrow money because they may want to help you.

 

[Genie011]

I don't usually take loans and I am not an advocate of taking loans.
The truth is, you can get the capital you need without getting into loans.
All you need is a skill.

 

[Good-Person]

I don't usually take loans and I am not an advocate of taking loans.
The truth is, you can get the capital you need without getting into loans.
All you need is a skill.

You must take interest-free loans. However, you must borrow the amount of money that you could pay back later without much issues. This is something many people do not understand at all.

 

[eenya001]

IPersonal 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

I do not think that your definition of personal loan is totally correct as there are some key points you fail to spell out like the loan coming out from your business ventures into your pocket

 

[tyrim88]

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.

That is just the basic of a personal loan,it is a loan to be used to solve at least your personal problem,it could be for some household issue or health issue or other things that is personal to the borrower.

 

[Good-Person]

That is just the basic of a personal loan,it is a loan to be used to solve at least your personal problem,it could be for some household issue or health issue or other things that is personal to the borrower.

I think that there are certain kinds of loans that you could borrow and you could even extend the period when it comes to returning the money to the lender.

 

[tyrim88]

I think that there are certain kinds of loans that you could borrow and you could even extend the period when it comes to returning the money to the lender.

That could actually be base on the agreement you are going to have with the lender,because in most of the cases it will take the understanding of the person involved to see reason.

 

[Syldan]

Well personal loan my means different things depending on people and I think it means taking out money from yourself in other to run a business of which you will pay yourself after sometime.

 

[Good-Person]

That could actually be base on the agreement you are going to have with the lender,because in most of the cases it will take the understanding of the person involved to see reason.

Yes, this is true. However, you must try to calculate things in a proper manner and make sure that you are accurate enough when it comes to determining the right time of paying the loans back.

 

[tyrim88]

Yes, this is true. However, you must try to calculate things in a proper manner and make sure that you are accurate enough when it comes to determining the right time of paying the loans back.

That is not out of place though,one thing about the issue of certainty is that you can never be too sure about what tomorrow will bring,some persons do not delibrately want to withhold borrowed funds.

 

[eenya001]

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.

It is what I believe it is, which is a loan that you borrow to take care of your personal need and not just for the purpose of business or investing on a venture