⇨ DISCOVER which the most convenient PERSONAL LOAN COMPANIES are today.
✅ A personal loan is a contract by which the financial institution advances an amount of money (principal) to another person called the borrower, with the obligation to return the principal and also pay agreed interest and the expenses derived from the operation.
🔥 Credit institutions offer an infinite number of personal loans, also called consumer loans, with different commercial names (car loans, vacation loans, wedding loans …), but with a few small variations, they are all practically the same.
≫ To compare the wide range of consumer loans on the market, you have to consider:
• Type of interest.
• Opening and cancellation fees (total or partial).
• Other expenses.
• Repayment term (the time to pay back the borrowed money).
• Amount of the monthly fee.
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