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A loan is really a contract amongst a borrower as well as a lender by which the borrower gets an amount of money (principal) that they are obligated to pay for again Down the road. Most loans can be categorized into one of a few groups:
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A personal loan can help with large purchases, unpredicted fees, or combining debts into one payment.
Lenders normally charge a set charge for loans and may additionally demand penalties for late or skipped payments. Review your loan agreement for information about any prices that you choose to may incur.
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