Personal Loans

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When you apply for a personal loan, you need to borrow a certain amount of money from a lending institution such as a bank or credit union. Though funds from a mortgage should be employed to pay for a house as you’d get an auto loan to finance a car purchase, a personal loan can be employed for numerous purposes. You may want a personal loan for education, medical expenses, or to buy a prominent household item like a new furnace or appliance.

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