Personal Loan

Is an individual loan that can either be secured or unsecured.  Personal loans can be used for home renovations, car, credit card to purchase daily household items or luxury goods. In addition the reasons for a personal loan could be for a holiday, school fees, motorbike, wedding, paying for unexpected family expenses and debt consolidation.  A personal loan is usually unsecured and the term of the loan can be up to 7 years.