Q.
A.
That's right!
Personal loans are an unsecured lending facility that can be used for almost any purpose such as home improvements or to buy a car.
A personal loan is normally a fixed cost, fixed period loan of money to purchase any item the customer wants – including vehicles.
Personal loan agreements can be regulated, exempt or unregulated. This depends on the customer, amount borrowed and purpose of lending.
1
A.
Not quite
Personal loans are an unsecured lending facility that can be used for almost any purpose such as home improvements or to buy a car.
A personal loan is normally a fixed cost, fixed period loan of money to purchase any item the customer wants – including vehicles.
Personal loan agreements can be regulated, exempt or unregulated. This depends on the customer, amount borrowed and purpose of lending.
1
