Whats personal loans?



Answer:
personal loan - a loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay
consumer loan
loan - the temporary provision of money (usually at interest)
auto loan, automobile loan, car loan - a personal loan to purchase an automobile

An unsecured loan usually made for the purpose of debt consolidation, vacation or the purchase of durable goods. Also called a signature loan.
a loan for something you don't need- like a CD stereo or boat. if you are building credit then they can be helpful, but expensive.
Personal loan is :Money taken from a lender for full fillment of any personal need, e.g. for medical expenses,holiday,marrage etc. Most of he spending made by credit card is of personal loan nature.
Personal loans are the loans which are available for your personal life like World tour,Marriage,etc.
Per se, personal loans are the privately borrowed monies from friends, some family member, next-door neighbour, steady acquaintments from your cohorts and conspecifics[ like a kitty party] and non-registered, non-institutionalized, deregulated moneylenders and pawn shops where a guarentee [ valued] is the pre-requisite. Loans for meeting your personal need or desire for things come from institutions like banks where you are required to complete the formalities. That's not `personal loans'.

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