Personal Loan Repayment Calculator from LoanTap
Sagargupta31 May, 2023Finance
Banks/NBFCs offer a variety of loans, many of which are for specific purposes. For instance, for buying a home or a car a person would need to apply for a home loan or a car loan respectively. A personal loan, however, could be used for anything, and hence the name. You could use a personal loan for investing in a new business, or for financing your wedding. Sometimes people also use a personal loan to pay off the debts from other loans in case the personal loan has a lower interest rate.
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